Import of luxury Products, Gems and Pearls in BiH increased

July 30, 2018 11:00 AM

Imports of natural or cultured pearls was increased in the first six months of this year, and thus we imported pearls worth 6.911,32 BAM in that period, while their import in the same period last year amounted to 358.84 BAM, as confirmed by the Indirect Taxation Authority BiH (ITA BiH). Since this is still a small amount, it proves that luxury is not available for majority of BH citizens.

“Import of gems was also increased, and we imported them in the amount of about 10,000 BAM in the first six months of this year, which is about 6,000 BAM more when compared to the same period last year,” as noted from ITA.

“No diamonds were imported in our country during the first six months of this year, while we imported diamonds in the amount of 1.456,26 BAM in the first half of the last year,” as noted from ITA.

According to them, products labelled “caviar replacement” were imported in the amount of 2.027,33 BAM in the first half of this year, while double the value of those product was imported last year, i.e. a total of 4.044, 83 BAM.

“The products labelled “champagne” were imported in the amount of 626,331.00 BAM in the first six months of this year, while we imported almost two times less last year,” as noted from the ITA.

Igor Gavran, an economic analyst, stated that only a small percentage of citizens of BiH consumes this type of products.

“These types of luxury products are strictly divided between three categories in a very different proportion among the domestic population. The majority of our citizens never even gets the opportunity to think about that type of products, let alone to purchase them, even on some special occasions,” said Gavran.

As he noted, considering the fact that most of the aforementioned products are imported because we do not have domestic products of that type, any kind of increase in their use means automatic increase in imports, which is not desirable considering the outflow of money on the basis of excessive imports.

(Source: akta.ba)

 

 

 

 

 

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