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Trade between Bosnia and Herzegovina and Serbia

In 2024, Bosnia and Herzegovina exported $1.1 billion to Serbia and imported $1.8 billion. Bosnia and Herzegovina ran a deficit of $717 million with Serbia, compared with a deficit of $592 million in 2019. Serbia was Bosnia and Herzegovina’s 2nd largest trading partner (11% of its trade), and Bosnia and Herzegovina was Serbia’s 6th (4%).

Summary

Bosnia and Herzegovina → Serbia
$1.1billion
Serbia → Bosnia and Herzegovina
$1.8billion
Bosnia and Herzegovina’s balance
-$717million

Balance

Bosnia and Herzegovina’s trade balance with Serbia

Trade between Bosnia and Herzegovina and Serbia grew 4.8-fold since 1996

USD billions (current). Bosnia and Herzegovina’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 1.1
  • Imports 1.8
  • Balance -0.7

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$0$0$0
1996$229 million$369 million-$140 million
1997$279 million$439 million-$160 million
1998$158 million$232 million-$74 million
1999$178 million$282 million-$104 million
2000$171 million$253 million-$82 million
2001$130 million$246 million-$117 million
2002$227 million$327 million-$100 million
2003$4 million$85 million-$81 million
2004$277 million$632 million-$356 million
2005$371 million$717 million-$346 million
2006$423 million$758 million-$335 million
2007$560 million$1 billion-$449 million
2008$734 million$1.3 billion-$598 million
2009$490 million$909 million-$419 million
2010$585 million$1 billion-$421 million
2011$711 million$1.1 billion-$373 million
2012$477 million$981 million-$504 million
2013$518 million$1.1 billion-$538 million
2014$548 million$1.2 billion-$613 million
2015$440 million$1 billion-$602 million
2016$459 million$1.1 billion-$638 million
2017$714 million$1.2 billion-$529 million
2018$818 million$1.3 billion-$524 million
2019$728 million$1.3 billion-$592 million
2020$678 million$1.2 billion-$516 million
2021$1 billion$1.6 billion-$581 million
2022$1.3 billion$1.8 billion-$461 million
2023$1.2 billion$1.7 billion-$546 million
2024$1.1 billion$1.8 billion-$717 million

What they sell each other

What Bosnia and Herzegovina sells to Serbia

The top 10 headings in 2024, with their share of the total.

  1. Electricity$170 million · 15.9%
  2. Lignite$86 million · 8%
    916 thousand tonnes
  3. Steel wire rod$72 million · 6.7%
    104 thousand tonnes
  4. Sawn wood$53 million · 5%
    160 thousand tonnes
  5. Steel structures$50 million · 4.7%
    27 thousand tonnes
  6. Steel bars$44 million · 4.1%
    65 thousand tonnes
  7. Coke$42 million · 3.9%
    126 thousand tonnes
  8. 747 tonnes
  9. Plastic packaging$21 million · 2%
    6 thousand tonnes
  10. Prepared meat$18 million · 1.7%
    4 thousand tonnes

What Serbia sells to Bosnia and Herzegovina

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$196 million · 11%
    242 thousand tonnes
  2. Beer$60 million · 3.3%
    107 thousand tonnes
  3. Cigarettes and cigars$56 million · 3.1%
    4 thousand tonnes
  4. Soft drinks$52 million · 2.9%
    77 thousand tonnes
  5. Bread, biscuits and pastries$51 million · 2.9%
    15 thousand tonnes
  6. Corn$42 million · 2.3%
    186 thousand tonnes
  7. Pet and animal feed$40 million · 2.3%
    104 thousand tonnes
  8. Electricity$40 million · 2.2%
  9. Hot-rolled flat steel$37 million · 2.1%
    47 thousand tonnes
  10. Other food preparations$28 million · 1.5%
    4 thousand tonnes

How it travels

Bosnia and Herzegovina and Serbia traded $2.9 billion in 2024 (both directions together). They trade mostly over land: 100% of the value travels by truck, rail or pipeline.

Split by transport mode

  1. Land$2.9 billion · 100%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Serbia was Bosnia and Herzegovina’s 2nd largest trading partner (11% of its trade), and Bosnia and Herzegovina was Serbia’s 6th (4%).

Serbia in Bosnia and Herzegovina’s trade
11.1%
Serbia’s rank among Bosnia and Herzegovina’s partners
2nd
Bosnia and Herzegovina in Serbia’s trade
3.8%
Bosnia and Herzegovina’s rank among Serbia’s partners
6th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.