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Bosnia and Herzegovina

Bosnia and Herzegovina sends 72.4% of its goods exports to the EU, and 14.28% of its people live in EU states. Every accession step needs all 27 member states. Approved reading

This page answers: Which questions do our briefs address about Bosnia and Herzegovina?

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  • Region Europe · Central and Eastern Europe
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Your exposure

Bosnia and Herzegovina in our readings

Bosnia and Herzegovina is in 3 of our country readings; High in 2.

  • Europe's right turn High
  • Russia sanctions High
  • Food and fertiliser Low

Each band as published in its reading, against that reading’s stated lines; the readings are never combined into one band.

Outlook to November 2027

  • Geopolitics and conflict Not yet set
  • Trade, tariffs and sanctions Elevated
  • Supply chains and chokepoints Not yet set
  • Energy and resources Elevated
  • Technology and cyber Not yet set
  • Regulation and compliance Not yet set
  • Finance and markets Not yet set
The seven outlooks in full: why, and the index

Seven categories, 12 months ahead. The outlook is our judgement, approved by the Principal. The index measures open data on 0–10; higher means more risk. How they are set

Compare Bosnia and Herzegovina on the outlook map

Risks that reach Bosnia and Herzegovina

  • Europe's right turn High

    No forecast in our register is attached to this reading.

Show all 3 risks that reach Bosnia and Herzegovina
  • Russia sanctions High

    No forecast in our register is attached to this reading.

  • Food and fertiliser Low

    No forecast in our register is attached to this reading.

Each forecast is our estimate, scored when it resolves, in the register’s own words.

Goods and chokepoints

Exhibit S-1 · Supply balance

How much Bosnia and Herzegovina makes, buys and sells, good by good

Consumption = production + imports − exports (± stock change).
Reading the supply balance

Supply balance first, suppliers second.

One card per good, each in its own unit. Goods are never added together.

Each card shows the latest complete period: the newest with consumption and at least one of production, imports and exports on file.

Figures of 1,000 kb/d or more show in million barrels a day (mb/d).

Periods are marketing years, as published.

What to watch

  • 17 Dec 2026 European Council with the 2028-2034 EU budget on its agenda. Europe's right turn
  • Feb 2027 CBAM certificate sales open. Europe's right turn
  • 18 Apr 2027 French presidential election, first round; the second round is on 2 May 2027. Europe's right turn
  • Yearly Eurostat annual gas imports by partner (nrg_ti_gas): the 2025 figure. Russia sanctions
  • No date set Progress on the Southern Interconnection with Croatia. Russia sanctions
  • Yearly World Bank remittance data for Bosnia and Herzegovina. Russia sanctions

Questions firms in this position often review

  • Which of the risks above reach our own suppliers, customers or assets in Bosnia and Herzegovina?
  • Which dated items under What to watch fall inside our next planning cycle?

General research, not advice. Request a free pilot

Full analyst view

Open Bosnia and Herzegovina on the map of brief questions

Country analysis

Questions our briefs address

The questions our published briefs address that touch Bosnia and Herzegovina.

Europe's right turn · Strature analysis, not from the brief

Europe's right turn: what is at stake for Bosnia and Herzegovina

Bosnia and Herzegovina sends 72.4% of its goods exports to the EU, and 14.28% of its people live in EU states. Every accession step needs all 27 member states.

Theme band High

72.4%

of goods exports sold to the EU27 (2024)

14.3%

of the population living in EU states (floor, 2024)

EUR976.6m

EUR m Reform and Growth Facility, 2024-2027

3.91%

of GDP in CBAM-chapter sales to the EU (2024)

Read the full panel

Risks

  • Every accession step needs the agreement of all member states, so one government's vote can hold up a step.
  • The Reform and Growth Facility allocation was cut by 10%, to up to EUR 976.6m for 2024-2027; payouts depend on reforms.
  • From Feb 2027 EU importers purchase CBAM certificates. Sales to the EU in CBAM chapters were 3.91% of GDP in 2024, mostly steel products, aluminium and electricity.
  • Border rules reach trade and workers: about 5,000 Bosnian truck drivers were affected by the Schengen 90-in-180-day rule, a transport association said, and drivers protested on 31 Aug 2026 (press report, estimate). Estimate from press or commentary

Opportunities

  • EU imports from Bosnia and Herzegovina rose to EUR 6.13bn in 2025 from EUR 5.95bn in 2024.
  • Paid in full, the Reform and Growth Facility is worth 0.89% of GDP a year, money tied to reforms the EU sets.

Uncertainties

  • The diaspora figure is a floor: at least 451,785 citizens live in the 19 of 27 EU states that report them; naturalised citizens are not counted.
  • Remittances from all sources were 10.51% of GDP in 2024, but the share sent from EU states is not split out in the table read.
  • The CBAM figure is an upper bound: only parts of the steel-product and fertiliser chapters are covered.

What to watch

  • 4 Nov 2026Commission enlargement package, with a report on Bosnia and Herzegovina (date as reported).
  • 17 Dec 2026European Council with the 2028-2034 EU budget on its agenda.
  • Feb 2027CBAM certificate sales open.
  • 18 Apr 2027French presidential election, first round; the second round is on 2 May 2027.

Exposure by channel

Exposure band per channel, with the figure and the published line
ChannelFigureBandPublished line
Eu marketTrade72.4% 2024Share of goods exports sold to the EU27 (EU mirror imports / own exports)HighHigh ≥50% · Medium 33–50% · Low 20–33%
Nationals in euOther:migration14.3% of population 2024Citizens resident in EU states, % of home populationHighHigh ≥10% · Medium 5–10% · Low 2–5%
Climate car rulesTrade3.91% of GDP 2024EU imports of CBAM-chapter goods from the country, % of its GDPMediumHigh (a) ≥4.0% of GDP or (b) ≥10% of GDP · Medium (a) ≥2.0% of GDP or (b) ≥5% of GDP · Low (a) ≥1.0% of GDP or (b) ≥2% of GDP
AccessionRevenue0.89% of GDP 2024-2027Reform and Growth Facility, average per year, % of GDPMediumHigh ≥1.0% of GDP · Medium 0.25–1.0% of GDP · Low candidate status, money below 0.25% of GDP or not found

Bands follow the published materiality lines for this theme. A low-confidence figure alone caps a band at Medium.

EU27 imports from Bosnia and Herzegovina (EUR bn)
EU27 goods imports from the country (EU-recorded, by origin): EUR6.13bn (2025)20256.13EU27 goods imports from the country (EU-recorded, by origin): EUR5.95bn (2024)20245.95

Drawn to scale from zero. Source: Eurostat Comext DS-045409, EU trade since 1988 by HS2-4-6 and CN8 (reporter EU27, imports, 2024); Eurostat Comext DS-045409, EU trade since 1988 by HS2-4-6 and CN8 (reporter EU27, imports by origin).

Sources cited

Estimates from press or commentary

Our calculations

  • Share of goods exports sold to the EU27 (EU mirror imports / own exports): 72.4% (= EU27 imports from the country (EUR) × ECB 2024 rate / merchandise exports (US$) × 100)
  • Citizens resident in EU states, % of home population: 14.3% of population (= citizens resident in reporting EU states / population × 100)
  • EU imports of CBAM-chapter goods from the country, % of its GDP: 3.91% of GDP (= CBAM-chapter imports (EUR) × ECB 2024 rate / GDP (US$) × 100)
  • Reform and Growth Facility, average per year, % of GDP: 0.89% of GDP (= allocation / 4 × ECB 2024 rate / GDP 2024 (US$) × 100)

Eurostat data: © European Union, CC BY 4.0; shares and sums computed by Strature.

Strature analysis, not from the brief: researched by Strature from public sources and kept in our country dossier, updated 3 Nov 2026. General research, not advice.

Russia sanctions · Strature analysis, not from the brief

Russia sanctions: what is at stake for Bosnia and Herzegovina

Russia supplied all of Bosnia and Herzegovina's recorded gas imports in 2024, 220 million m3 (Eurostat). A pipeline link to Croatia's network and LNG terminal was agreed on 28 Apr 2026 (press).est.

Theme band High

100%

of gas imports from Russia (2024)

28est.

Southern Interconnection with Croatia (press)

Read the full panel

Risks

  • Russia was the only recorded partner for gas: 220 million m3 of 220 million m3 in 2024 (Eurostat).
  • Bosnia and Herzegovina gets nearly all its gas from Russia, through pipelines that cross Bulgaria and Serbia (AP, 28 Apr 2026). Estimate from press or commentary
  • A stop on the route or in Russian supply would touch the whole recorded import need: Eurostat records no second partner for 2024.

Opportunities

  • Bosnia and Herzegovina and Croatia signed an agreement on 28 Apr 2026 to build a pipeline link to Croatia's network and its LNG terminal (press). Estimate from press or commentary
  • Card rk-rus-ukraine-ceasefire, "Russia and Ukraine sign a general ceasefire on the current front line", is rated Low likelihood and High impact. If measures eased after a ceasefire, the channels above could ease too.

Uncertainties

  • No 2025 figure by partner is on file; Eurostat's monthly gas table has no series for Bosnia and Herzegovina.
  • Remittances from all sources were 10.51% of GDP in 2024 (World Bank); no share from Russia was found in the sources read for this reading.
  • No construction date for the link to Croatia was found. Estimate from press or commentary

What to watch

  • YearlyEurostat annual gas imports by partner (nrg_ti_gas): the 2025 figure.
  • No date setProgress on the Southern Interconnection with Croatia.
  • YearlyWorld Bank remittance data for Bosnia and Herzegovina.

Exposure by channel

Exposure band per channel, with the figure and the published line
ChannelFigureBandPublished line
EnergyEnergy100% 2024Share of natural gas (all) imports from RussiaHighHigh ≥50% · Medium 25–50% · Low 10–25%

Bands follow the published materiality lines for this theme. A low-confidence figure alone caps a band at Medium.

Bosnia and Herzegovina: Russia's share of gas imports, 2024 (%)
Share of natural gas (all) imports from Russia: 100% (2024)Natural gas (all)100

Drawn to scale from zero. Source: Eurostat, energy imports by partner country, annual (nrg_ti_gas), 2024.

Sources cited

Estimates from press or commentary

Eurostat data: © European Union, CC BY 4.0; shares and sums computed by Strature.

Strature analysis, not from the brief: researched by Strature from public sources and kept in our country dossier, updated 3 Nov 2026. General research, not advice.

Food and fertiliser · Strature analysis, not from the brief

Food and fertiliser: what is at stake for Bosnia and Herzegovina

Bosnia and Herzegovina imports two-thirds of its wheat (66.8% of use in 2024/25); all cereal imports were 36.6% of use. The bill is small, 0.76% of GDP.

Theme band Low

36.6%

cereal imports as a share of use (2024/25)

381

kt of wheat imported (2024/25)

0.76%

staple import bill, % of GDP (our calculation)

Read the full panel

Risks

  • Wheat imports were 381 kt in 2024/25, 66.8% of the 570 kt used.
  • Maize imports were 175 kt of 925 kt used; a poor home crop could raise them.
  • Sunflower oil imports were 80 kt, more than the 43 kt used; 71 kt was exported in 2024/25.

Opportunities

  • The money at stake is small: the staple import bill was about US$0.23 bn, 0.76% of GDP.
  • Some grain and oil goes out again: 69 kt of wheat and 71 kt of sunflower oil were exported in 2024/25.

Uncertainties

  • No open table of fertiliser imports by origin was found, so exposure to Russian or Chinese fertiliser is not shown.
  • Nitrogen use was 52,621 t in 2024 against 22,519 t made at home, so most nitrogen is imported.

What to watch

  • 6 Nov 2026FAO Food Price Index for October: cereal and vegetable oil prices.
  • 10 Nov 2026USDA WASDE: world wheat, maize and rice balance sheets.
  • 10 Dec 2026USDA WASDE: next update of the world grain balance sheets.

Exposure by channel

Exposure band per channel, with the figure and the published line
ChannelFigureBandPublished line
Cereal import dependenceDependence36.6% 2024/25Cereal imports as a share of domestic cereal consumption (wheat, maize, rice, barley)LowHigh ≥70% · Medium 40–70% · Low 25–40%
Staple import billRevenue0.76% of GDP 2024/25 volumes, 2024 pricesStaple import bill (wheat, maize, rice, barley, palm, soybean, sunflower and rapeseed oil) as % of GDPBelow lineHigh ≥4% of GDP · Medium 2–4% of GDP · Low 1–2% of GDP

Bands follow the published materiality lines for this theme. A low-confidence figure alone caps a band at Medium.

Imports as a share of use, 2024/25 (%)
Wheat imports as a share of domestic consumption: 66.8% (2024/25) (our calculation)Wheat imports as a*66.8Cereal imports as a share of domestic cereal consumption (wheat, maize, rice, barley): 36.6% (2024/25) (our calculation)Cereal imports as a*36.6

Drawn to scale from zero. * Our calculation from the cited figures.

Sources cited

Our calculations

  • Cereal imports as a share of domestic cereal consumption (wheat, maize, rice, barley): 36.6% (= 100 × sum of imports / sum of domestic consumption, four grains, capped at 100)
  • Staple import bill (wheat, maize, rice, barley, palm, soybean, sunflower and rapeseed oil) as % of GDP: 0.76% of GDP (= sum(PSD imports × Pink Sheet 2024 annual price) / GDP 2024)
  • Wheat imports as a share of domestic consumption: 66.8% (= 100 × imports / domestic consumption)

Strature analysis, not from the brief: researched by Strature from public sources and kept in our country dossier, updated 3 Nov 2026. General research, not advice.

ISO 3166-1 name: Bosnia and Herzegovina (BIH). Country and territory names follow common usage and imply no position on sovereignty.

Sources and licences

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Cite this page Strature, “Bosnia and Herzegovina”, Strature GPS, https://strature.net/gps/bih/, 11 Nov 2026.

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