Is Bosnia and Herzegovina a net exporter of electricity?

Bosnia and Herzegovina (BiH), a country of around 3.5 million people, is currently a net exporter of electricity – the only one in the Western Balkans. More than half of its electricity generation capacity is made up of hydropower, while the remainder is made up of five lignite power plants.

How much money does Bosnia & Herzegovina export in 2023?

Given Bosnia and Herzegovina’s population of 3.5 million people, its total $9.23 billion in 2023 exports translates to roughly $2,700 for every resident in the Southeastern European nation. That dollar metric lags the average $2,800 per capita one year earlier during 2022.

How much money did Bosnia & Herzegovina ship in 2023?

A country in Southeastern Europe situated on the Balkan Peninsula, Bosnia and Herzegovina shipped US$9.23 billion worth of products around the world in 2023. That dollar amount results from a 40.3% increase compared to $6.6 billion 5 years earlier in 2019.

Does Bosnia and Herzegovina have a strong competitive advantage?

Bosnia and Herzegovina generated highly positive net exports in the international trade of furniture and prefabricated buildings. In turn, these cashflows indicate Bosnia and Herzegovina’s strong competitive advantages under the furniture, bedding, lighting, signs and prefabricated buildings product category.

Does Bosnia & Herzegovina's currency depreciate in 2023?

Based on the average exchange rate for 2023, the Bosnia-Herzegovina convertible mark depreciated by -3.6% against the US dollar since 2019 but rose 2.7% from 2022 to 2023. Bosnia and Herzegovina’s weaker local currency versus 2019 made its exports paid for in stronger US dollars relatively less expensive for international buyers.

Does Bosnia and Herzegovina have a trade deficit?

Bosnia and Herzegovina incurred an overall -US$6.1 billion trade deficit during 2023, expanding by 7.3% from -$5.7 billion in red ink one year earlier. Below are exports from Bosnia and Herzegovina that result in negative net exports or product trade balance deficits.