Exporting to Bosnia and Herzegovina
Bosnia and Herzegovina is showing signs of a sustained economic recovery, with 3.6% GDP growth in 2018 (IMF, 2019). Continued growth is expected to come from public investment in transport infrastructure, exports, use of EU funds, and private, mainly local investment, offering excellent opportunities for UK suppliers.
Bosnia and Herzegovina is situated at the heart of the Central and Eastern European (CEE) region, a market of over 100 million consumers that offers great potential for British businesses. Increasingly affluent consumers and economic growth are creating opportunities, particularly in energy, infrastructure, advanced manufacturing, retail, security and defence, and life sciences.
Opportunities for exporters
There are opportunities for UK companies across a broad range of industries. Our trade advisers in Bosnia and Herzegovina have identified particular opportunities for UK businesses in the following sectors.
The country is constructing 335km of motorway to connect to the European road networks. There are potential opportunities for UK companies in the project management, design, supervision and construction of the motorway. There are also opportunities in upgrading existing local road infrastructure, including road signage, communication and road safety equipment.
Bosnia and Herzegovina's rail system is decentralised and hampered by poor and ageing infrastructure. Major users are large industrial plants, coal mines, the Aluminij aluminum plant in Mostar, and oil distributing companies. Passenger railway traffic is very limited due to lack of modern and comfortable coach cars. There are opportunities for UK companies in signalling equipment, track upgrades, and the purchase of new locomotives.
The government has embarked on an ambitious restructuring and modernisation programme for its coal mining, representing an opportunity for UK equipment and machinery suppliers.
Developing additional renewable energy sources by 2025 is a priority. Opportunities for UK business include supplying engineering and consultancy services and a wide range of power generation equipment.