Customs figures show Bosnia and Herzegovina remained a net electricity exporter in the first seven months of 2026. The surplus was supported by a sharp reduction in the value of power imports year on year. Electricity purchases from abroad totaled approximately EUR 101.1 million between January and July, compared with EUR 199.6 million in the same period of 2025. Export revenue also fell, but at a slower pace, dropping to EUR 205.1 million from EUR 260.1 million.
Trading flows by partner in January-July 2026
Serbia was Bosnia and Herzegovina’s largest power-trading partner in the period. Exports to Serbia were valued at about EUR 97 million, while imports from Serbia reached EUR 26.6 million. Other major sources of imported electricity included Croatia at EUR 24.7 million, Slovenia at EUR 19.8 million, and Montenegro at EUR 12.9 million.
Croatia ranked as the second-largest destination for Bosnian electricity, with purchases worth EUR 34.5 million. Slovenia followed with EUR 28 million, ahead of Switzerland at EUR 14.7 million. Montenegro accounted for EUR 13.9 million, according to the same customs data.
Import spending decline and summer market conditions
The lower import expenditure may point to stronger domestic availability, including additional output from privately developed wind and solar projects. At the same time, trade values alone do not provide a complete picture of market impacts across producers and utilities. Reduced export revenue is negative for producers, while lower import dependence supports domestic utility finances.
Hydrology risk and regional price levels during summer demand
Hydrology is identified as the main risk for the remainder of the summer period. Bosnia and Herzegovina is partly protected by its sizeable thermal fleet, while conditions on the Drina and Neretva rivers have remained comparatively stable. Any requirement for additional imports could still be expensive under tighter supply conditions.
Tight supply alongside summer demand has lifted regional wholesale prices to as high as EUR 500/MWh in individual hours.
Evolving balance since 2020 through end-2025 comparison window
The longer-term trade balance remains strongly positive based on figures from 2020 through 2025. Over that span, Bosnia and Herzegovina imported about EUR 956 million of electricity and exported roughly EUR 2.56 billion. This results in export value at nearly 2.7 times the value of imports.
