Bosnia-Hercegovina

Bosnia-Hercegovina ranked No. 161 in total trade value through June with a total of $54.23 million. Exports totaled $12.18 million and Imports totaled $42.05 million, a deficit of $29.86 million.

U.S. trade with Bosnia-Hercegovina rose to $54.23 million through June

Bosnia-Hercegovina’s trade with the United States rose to $54.23 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 40.18 percent below its total trade during the same time period last year. U.S. exports to Bosnia-Hercegovina decreased 70.5 percent while U.S. imports from Bosnia-Hercegovina fell 14.81 percent. The U.S. deficit with Bosnia-Hercegovina was $29.86 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Virginia; No. 3 Port of Savannah, Ga.; No. 4 Port of Charleston; and No. 5 John F. Kennedy International Airport. During the same period the previous year, the top five were No. 1 Port of Virginia; No. 2 Port of Houston; No. 3 Phoenix Sky Harbor International Airport, Ariz.; No. 4 Port of Newark and No. 5 Port of New Orleans. In the current time period, the top five accounted for 58.83 percent of Bosnia-Hercegovina’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 16.72 percent to $11.24 million.
    Exports rose 32.64 percent to $825,703. Imports rose 15.62 percent to $10.42 million.
  • Trade with No. 2 Port of Virginia fell 29.92 percent to $10.82 million.
    Exports fell 27.03 percent to $3.43 million. Imports fell 31.19 percent to $7.39 million.
  • Trade with No. 3 Port of Savannah, Ga. fell 2.31 percent to $3.34 million.
    Exports fell 14.22 percent to $349,726. Imports fell 0.7 percent to $3 million.
  • Trade with No. 4 Port of Charleston rose 4.96 percent to $3.3 million.
    Exports fell 37.12 percent to $58,496. Imports rose 6.24 percent to $3.24 million.
  • Trade with No. 5 John F. Kennedy International Airport fell 11.38 percent to $3.19 million.
    Exports rose 185.04 percent to $1.1 million. Imports fell 34.83 percent to $2.1 million.

Bosnia-Hercegovina ranked No. 161 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 155.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Bosnia-Hercegovina by value through June were the categories of Tanks, armored fighting vehicles, parts; Cell phones, related equipment; X-ray apparatus; Machinery for heating and sterilizing; and Computers, respectively. They accounted for 48.63 percent of total exports to Bosnia-Hercegovina.

The value of the top five categories of U.S. imports from Bosnia-Hercegovina –– Hydrogen, raw gases; Plastic shoes; Women’s or girls’ overcoats, etc.; Bombs, grenades, cartridges, parts; and Misc. aluminum non-prefab structures –– accounted for 46.37 percent of all inbound shipments.

Looking more closely at U.S. exports to Bosnia-Hercegovina:

  • Tanks, armored fighting vehicles, parts totaled $2.55 million. The previous year, there were no exports in this category.
  • Cell phones, related equipment rose 264.81 percent compared to last year to $1.41 million.
  • X-ray apparatus rose 4707.58 percent compared to last year to $729,935.
  • Machinery for heating and sterilizing rose 201.06 percent compared to last year to $620,000.
  • Computers fell 24.37 percent compared to last year to $611,117.

Looking more closely at U.S. imports from Bosnia-Hercegovina:

  • Hydrogen, raw gases fell 32.62 percent compared to last year to $8.2 million.
  • Plastic shoes fell 19.08 percent compared to last year to $4.15 million.
  • Women’s or girls’ overcoats, etc. fell 17.33 percent compared to last year to $2.92 million.
  • Bombs, grenades, cartridges, parts rose 85.55 percent compared to last year to $2.19 million.
  • Misc. aluminum non-prefab structures rose 97.17 percent compared to last year to $2.03 million.

In the latest annual figures available, Bosnia-Hercegovina recorded $164.19 million in trade with the United States. Total U.S. exports to Bosnia-Hercegovina were $ 60.3 million and imports from Bosnia-Hercegovina were $103.88 million. The U.S. deficit with Bosnia-Hercegovina was $43.58 million.