2022
Exports
$2.53MWorld Rnk 55 / 174
Flag Rnk 279 / 1052
2022
PRODUCT COMPLEXITY IN Woodworking machines
1.28Rnk 96 / 1025
2022
Imports
$25.9MWorld Rnk 56 / 218
Flag Rnk 145 / 1170
2022
ECONOMIC COMPLEXITY of Bosnia and Herzegovina
0.67Rnk 39 / 133

About

Exports In 2022, Bosnia and Herzegovina exported $2.53M in Woodworking machines, making it the 55th largest exporter of Woodworking machines in the world. At the same year, Woodworking machines was the 279th most exported product in Bosnia and Herzegovina. The main destination of Woodworking machines exports from Bosnia and Herzegovina are: Croatia ($840k), Serbia ($588k), Italy ($249k), Montenegro ($166k), and Hungary ($119k).

The fastest growing export markets for Woodworking machines of Bosnia and Herzegovina between 2021 and 2022 were Hungary ($119k), Italy ($87.6k), and Latvia ($78.3k).

Imports In 2022, Bosnia and Herzegovina imported $25.9M in Woodworking machines, becoming the 56th largest importer of Woodworking machines in the world. At the same year, Woodworking machines was the 145th most imported product in Bosnia and Herzegovina. Bosnia and Herzegovina imports Woodworking machines primarily from: Italy ($6.04M), Serbia ($3.43M), Germany ($3.43M), Austria ($2.8M), and Slovenia ($2.48M).

The fastest growing import markets in Woodworking machines for Bosnia and Herzegovina between 2021 and 2022 were Germany ($604k), Austria ($550k), and China ($471k).

Latest Trends

Oct 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 Woodworking machines. 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)$2.53M
IMPORTS (2022)$25.9M
NET TRADE (2022)-$23.3M

In 2022, Bosnia and Herzegovina exported $2.53M in Woodworking machines. The main destinations of Bosnia and Herzegovina exports on Woodworking machines were Croatia ($840k), Serbia ($588k), Italy ($249k), Montenegro ($166k), and Hungary ($119k).

In 2022, Bosnia and Herzegovina imported $25.9M in Woodworking machines, mainly from Italy ($6.04M), Serbia ($3.43M), Germany ($3.43M), Austria ($2.8M), and Slovenia ($2.48M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Woodworking machines EXPORT MARKETS FOR Bosnia and Herzegovina WERE (2021 - 2022):
Hungary$119k (1%)
Italy$87.6k (54.3%)
Latvia$78.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Woodworking machines BY Bosnia and Herzegovina WERE (2021 - 2022):
Croatia-$526k (-38.5%)
Slovenia-$492k (-86%)
Serbia-$230k (-28.1%)

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 Woodworking machines were:
China $2.66B
Germany $1.99B
Italy $1.23B
In 2022, Bosnia and Herzegovina's main importing competitors in Woodworking machines were:

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Trade Value of Woodworking machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $207k
TOP IMPORT POTENTIALChina+ $1.18M

Woodworking machines’s highest export potential is Italy. With an export gap of $207k.   Woodworking machines’s highest import potential is China with an import gap of $1.18M.

See methodology.

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