According to resources, the total export to Bosnia & Herzegovina from India reached an estimated revenue of more than $60 Million by the year 2022.
Trade agreements have also been signed between both the countries in order to support exports.
Ceramic products, Machinery, and Organic chemicals are the major exported products from India to Bosnia & Herzegovina at the present moment.
The E-commerce market in Bosnia & Herzegovina has reached $514 Million in 2022 with a growth rate of 13.82% and is expected to reach approx $758 Million by 2025.
The main reason behind the eCommerce growth is the Internet penetration rate in Bosnia & Herzegovina which has reached 71%.
So, itβs a good scope for Indian exporters and sellers to grab the Bosnia & Herzegovina market whether through offline channels or online selling platforms & marketplaces in Bosnia & Herzegovina.
Useful resources