Core Insights - Bosnia and Herzegovina (BiH) exported goods worth 9.5 billion marks to EU countries in the first nine months of this year, accounting for 73% of its total exports [1] - The metal and wood industries are the main drivers of exports, with products primarily sent to Croatia and Germany [1] - BiH imports mainly come from Italy, Germany, and Croatia, indicating a strong trade relationship with these countries [1] Industry Overview - The EU is the largest export market for BiH, with a diverse range of products being exported, including cables, food, and entire prefabricated building facilities [1] - Increasing numbers of BiH companies are upgrading and transforming to meet European market demands, highlighting a trend towards modernization and adaptation [1] Economic Outlook - Economists and exporters believe that professional talent and product quality are crucial for unlocking greater export potential as BiH awaits EU membership [1] - Collaborative efforts among businesses are seen as a way to enhance competitiveness and expand market reach [1]

Core Insights - Bosnia and Herzegovina's total foreign trade increased by 5.6% in the first nine months of the year, reaching 35.6 billion marks [1] - Exports amounted to 12.94 billion marks (up 5.6%), while imports were 22.6 billion marks (up 4.11%), resulting in a trade deficit of 9.65 billion marks [1] - The metal industry accounted for 44% of exports, followed by the wood industry at 21%, with energy, electronics, and automotive sectors being key growth drivers [1] - Electricity imports surged by 184% year-on-year, totaling 313 million marks, highlighting structural weaknesses in the energy sector [1] - Despite over two-thirds of exports going to the EU, reliance on low-value-added products and the EU market poses significant structural challenges, necessitating the exploration of new markets such as the US and the Middle East, along with accelerating digital transformation in industries [1]