<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The competitiveness of the national economy, its sectors and companies is essential for economic growth and development in the conditions of the global market. This importance is especially expressed for small open economies, such as Bosnia and Herzegovina (B&amp;H). Bosnia and Herzegovina must strengthen its export position in the most competitive sectors, so that it can develop under conditions of increasingly liberalized world trade, with growing competition. The aim of this paper is to investigate the sectora structure of B&amp;H exports, the competitiveness, significance and performance of certain sectors, in order to identify weaknesses and possible ways o improvement. For the purposes of this analysis, the Trade Competitiveness Map analysis methodology was used to assess the competitiveness of the sector, using the Trade Performance Index (TPI). The main aim of the methodology is to determine sectoral export performance, in order to facilitate strategic market research and monitoring of national foreign trade performance. B&amp;H has the poor export sector structure, with the low level o international competitiveness, reflected in the large share of resource intensive products and low-value processing products with low added value Improving competitiveness could be achieved by strengthening the most competitive sectors, as well as by changing the economic structure towards the development of technologically intensive and highly profitable sectors o the economy.</p></abstract>

The competitiveness of the national economy, its sectors and companies is essential for economic growth and development in the conditions of the global market. This importance is especially expressed for small open economies, such as Bosnia and Herzegovina (B&H). Bosnia and Herzegovina must strengthen its export position in the most competitive sectors, so that it can develop under conditions of increasingly liberalized world trade, with growing competition. The aim of this paper is to investigate the sectora structure of B&H exports, the competitiveness, significance and performance of certain sectors, in order to identify weaknesses and possible ways o improvement. For the purposes of this analysis, the Trade Competitiveness Map analysis methodology was used to assess the competitiveness of the sector, using the Trade Performance Index (TPI). The main aim of the methodology is to determine sectoral export performance, in order to facilitate strategic market research and monitoring of national foreign trade performance. B&H has the poor export sector structure, with the low level o international competitiveness, reflected in the large share of resource intensive products and low-value processing products with low added value Improving competitiveness could be achieved by strengthening the most competitive sectors, as well as by changing the economic structure towards the development of technologically intensive and highly profitable sectors o the economy.

Export Competitiveness of the Economic Sectors of Bosnia and Herzegovina

Economic Themes

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"Export Competitiveness of the Economic Sectors of Bosnia and Herzegovina"}

The competitiveness of the national economy, its sectors and companies is essential for economic growth and development in the conditions of the global market....

Export Competitiveness of the Economic Sectors of Bosnia and Herzegovina

Published Online: Apr 09, 2020

Page range: 433 - 457

Received: Aug 28, 2019

Accepted: Dec 01, 2019

DOI: https://doi.org/10.2478/ethemes-2019-0025

Keywords
competitiveness, export, Trade Performance Index, economic sectors, Bosnia and Herzegovina

© 2019 Milenko Krajišnik et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Export Competitiveness of the Economic Sectors of Bosnia and Herzegovina

Published Online: Apr 09, 2020

Page range: 433 - 457

Received: Aug 28, 2019

Accepted: Dec 01, 2019

DOI: https://doi.org/10.2478/ethemes-2019-0025

Keywordscompetitiveness, export, Trade Performance Index, economic sectors, Bosnia and Herzegovina

© 2019 Milenko Krajišnik et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
competitiveness, export, Trade Performance Index, economic sectors, Bosnia and Herzegovina