2022
Exports
$74MWorld Rnk 81 / 223
Flag Rnk 21 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$458MWorld Rnk 93 / 226
Flag Rnk 8 / 96
2022
ECONOMIC COMPLEXITY of Bosnia and Herzegovina
0.67Rnk 39 / 133

About

Exports In 2022, Bosnia and Herzegovina exported $74M in Pharmaceutical products, making it the 81st largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 21st most exported product in Bosnia and Herzegovina. The main destination of Pharmaceutical products exports from Bosnia and Herzegovina are: Russia ($36M), Serbia ($21.1M), Moldova ($2.31M), Montenegro ($2.02M), and United Kingdom ($1.9M).

The fastest growing export markets for Pharmaceutical products of Bosnia and Herzegovina between 2021 and 2022 were United Kingdom ($1.88M), Montenegro ($552k), and Albania ($551k).

Imports In 2022, Bosnia and Herzegovina imported $458M in Pharmaceutical products, becoming the 93rd largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 8th most imported product in Bosnia and Herzegovina. Bosnia and Herzegovina imports Pharmaceutical products primarily from: Slovenia ($80.3M), Switzerland ($52.6M), Germany ($50M), Serbia ($29.5M), and Italy ($26.2M).

The fastest growing import markets in Pharmaceutical products for Bosnia and Herzegovina between 2021 and 2022 were United States ($6.55M), Serbia ($4.56M), and Bulgaria ($3.55M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Pharmaceutical products. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$74M
IMPORTS (2022)$458M
NET TRADE (2022)-$384M

In 2022, Bosnia and Herzegovina exported $74M in Pharmaceutical products. The main destinations of Bosnia and Herzegovina exports on Pharmaceutical products were Russia ($36M), Serbia ($21.1M), Moldova ($2.31M), Montenegro ($2.02M), and United Kingdom ($1.9M).

In 2022, Bosnia and Herzegovina imported $458M in Pharmaceutical products, mainly from Slovenia ($80.3M), Switzerland ($52.6M), Germany ($50M), Serbia ($29.5M), and Italy ($26.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Bosnia and Herzegovina WERE (2021 - 2022):
United Kingdom$1.88M (8.74k%)
Montenegro$552k (37.5%)
Albania$551k (49.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Bosnia and Herzegovina WERE (2021 - 2022):
Russia-$12.3M (-25.5%)
Ukraine-$1.2M (-40.6%)
Libya-$1.01M (-54.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Bosnia and Herzegovina's main exporting competitors in Pharmaceutical products were:
In 2022, Bosnia and Herzegovina's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $6.65M
TOP IMPORT POTENTIALGermany+ $33.8M

Pharmaceutical products’s highest export potential is Russia. With an export gap of $6.65M.   Pharmaceutical products’s highest import potential is Germany with an import gap of $33.8M.

See methodology.

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