BiH has strong market synergy potential that flows over to neighbouring markets (region of over 100 million consumers). Increasingly affluent consumers and economic growth are creating opportunities for UK suppliers, particularly in energy, infrastructure, advanced manufacturing, retail, security and defence, and life sciences.
BiH has a developing market, looking for new foreign investors, and is putting great efforts to make it as accessible to foreign companies as possible. The UK is one of the top ten biggest investors in BiH (6th in 2022), with the Service sector and Mineral extraction (mining sector) leading the way.
Top five UK goods exported to Bosnia and Herzegovina , in the four quarters to the end of Q3 2023
|Goods||Value (£ million )|
|Road vehicles other than cars (capital)||2.3|
|Miscellaneous metal manufactures||1.8|
|Specialised machinery (capital)||1.7|
Total import value (into the UK from Bosnia and Herzegovina) and export value (from the UK into Bosnia and Herzegovina) over time
|Year||Imports (£ million )||Exports (£ million )||Total trade (£ million )|
ONS UK total trade: all countries, seasonally adjusted
Last updated: October 2023
Total trade is the sum of all exports and imports over the same time period.
Download the latest trade and investment factsheet for Bosnia and Herzegovina.
Bosnia and Herzegovina: at a glance
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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:
Because of its position, Bosnia and Herzegovina has great potential to become a hub for the wider region. The legislative differences between its two entities all point to a need for a stable and reliable supplier of both products and services.
The country’s reliance on pharmaceutical imports will continue to grow, and new supplying partners are being sought after. Legal frameworks, and in some cases product pricing, significantly differs between BiH’s two entities. Committed suppliers are therefore sought after.
The country is constructing 210 miles of motorways in order to connect to the European road networks. Opportunities for UK companies include: project management, design, supervision and construction of strategic motorways, with potential in upgrading existing local road infrastructure, providing road signage, communication services and road safety equipment.
Bosnia and Herzegovina's rail system is decentralised and in the process of modernisation. Major users include large industrial plants, coal mines, and oil distributing companies. Passenger railway traffic is limited due to lack of modern, comfortable coach cars. UK companies could potentially provide equipment, track upgrades, and new locomotives.
Bosnia and Herzegovina is ranked 9th in the world in terms of hydroelectric power. Hydropower provided 37% of the country’s total electricity production in 2021. It still has ample space for additional growth, considering that approx. only 40% of its full potential is now being used.
Wind energy is being pushed forward by Bosnia and Herzegovina's governments, as a more stable alternative to hydro energy. Legislative changes aimed at developing a new technical infrastructure are constantly on the agenda. Bosnia and Herzegovina's wind potential stands at up to 2000 MW/year focusing on the areas of Livno, Tomislavgrad, Mostar, and Trebinje).