Indonesia's Trade Balance with Bosnia and Herzegovina Shows a US$35,000 Surplus

Indonesia's trade balance with Bosnia and Herzegovina showed a surplus of US$35,000 in 2020. However, this surplus decreased by -96.61% compared to the previous year's balance of US$1.03 million.

This decline in the trade balance, according to Trademap data, was supported by Indonesian export value reaching US$1.03 million. This is higher than Indonesia's imports from Bosnia and Herzegovina, which were recorded at US$0.99 million.

Indonesian exports to Bosnia and Herzegovina have been declining over the past year. The previous year's export value was US$1.99 million.

Imports, according to Trademap data, increased by 3.97% compared to the previous year, which was recorded at US$0.96 million.

Based on product type, nine main export products from Indonesia to Bosnia and Herzegovina recorded a surplus during 2020. The total value of these main exports reached US$0.89 million.

List of nine main Indonesian export products to Bosnia and Herzegovina

1. (HS 85): Electrical machinery and equipment and parts thereof; sound or television recording and reproducing apparatus.


2. (HS 18): Cocoa and cocoa preparations


3. (HS 40): Rubber and articles thereof


4. (HS 87): Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof


5. (HS 92): Musical instruments; parts and accessories of such articles


6. (HS 70): Glass and glassware


7. (HS 59): Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable…


8. (HS 61): Articles of apparel and clothing accessories, knitted or crocheted


9. (HS 99): Commodities not specified elsewhere

Globally, the trade balance for all goods improved due to an increase in several product categories. Indonesia's total trade balance was recorded at US$21.68 billion, an increase of 703.56%. In other words, Indonesia recorded a trade surplus. The previous year's trade balance with all countries worldwide was recorded at US$-3.59 billion.