BUSINESS

Bosnia records a Decrease in Volume of Foreign Trade

In the first nine months of this year, Bosnia and Herzegovina recorded a decrease in the volume of foreign trade of 3.5 billion BAM or 15 percent compared to the same period last year.

At today’s press conference at the Foreign Trade Chamber of BiH in Sarajevo, it was pointed out that exports from BiH amounted to 7.8 billion BAM and decreased by 13 percent, while imports amounted to 12.5 billion BAM and decreased by 16 percent compared to the same period 2019, Fena news agency reports.

The coverage of imports by exports in that period amounted to 62.1 percent and increased by two percent. Also, it was stated that the total balance of foreign trade was reduced by 20 percent and amounts to – 4.7 billion BAM.

The most important country in the total volume of trade is Croatia with 15.53 percent, followed by Serbia with 13.43 percent, Germany with 11.53 percent, Slovenia with 8.88 percent and Italy with 8.61 percent.

The European Union is still the most important foreign trade partner of BiH, to which goods worth 5.6 billion BAM were exported in the observed period, and 8.3 billion BAM were imported from the EU.

The EU participates in the total volume of BiH trade with 69 percent. Observed by sectors, the export of the agro-industrial sector amounted to 647.8 billion BAM, while the import amounted to 2.2 billion BAM.

Mineral fuels were exported in the value of 540 million BAM, and 1.2 billion BAM were imported. Exports of mineral fuels decreased by 27.33 percent, and imports by as much as 41.62 percent.

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