Bosnia and Herzegovina

Bosnia and Herzegovina (BiH) is a net food importer with $1.8 million in annual agri-food imports.  The country has been a potential candidate for European Union membership since 2003 and is expected to join the World Trade Organization soon.

BiH’s population is 3.5 million and its consumer food retail market is estimated to be valued at $3.2 billion (KM 5.5 billion).  Due to slow economic growth and an unemployment rate over 20 percent, BiH’s purchasing power is only 31 percent of the European Union (EU) average.  BiH is currently one of the poorest countries in Europe, but the goals of EU and NATO membership are drivers for further economic growth and development.

Despite slow economic growth and weak purchasing power, food expenditures are increasing, and food imports are constantly growing.  Tourism is increasingly seen as a major source of job growth and foreign exchange earnings for the country.  Revenues generated in the accommodation and food and beverage sectors recorded an annual average growth of over eleven percent since 2015 and reached $240 million in 2018.

The growth in consumer foods imports is expected to continue and certain U.S. food products, such as bovine genetics, beef, pulses, wine, seafood, dried fruits and tree nuts have good potential in the BiH market.

U.S. Embassy, Rome

Covers the countries of Italy, Albania, Bosnia and Herzegovina, Croatia, Greece, Malta and Serbia.

39-6-4674-2396

Upcoming Events

Fruit Logistica 2021
May 18, 2021 - May 20, 2021 – Berlin
SIAL 2022
SIAL 2022
October 15, 2022 - October 19, 2022 – Paris

Past Events

BIOFACH 2021
BIOFACH 2021
February 17, 2021 - February 20, 2021
USA Peanuts 2020 Virtual Crop Tour
USA Peanuts 2020 Virtual Crop Tour
November 24, 2020 - November 25, 2020
Free From Food Expo
Free From Food Expo
June 24, 2020 - June 25, 2020 – Amsterdam
POSTPONED-PLMA
POSTPONED-PLMA
May 26, 2020 - May 27, 2020 – Amsterdam

Reports for Bosnia and Herzegovina