BiH exports increased by 31.1 percent in the first six months

BiH exports increased by 31.1 percent in the first six months

SARAJEVO, July 21 (FENA) – Exports from Bosnia and Herzegovina in the first six months of this year amounted to six billion and 489 million KM, which is 31.1 percent more than in the same period last year, while imports amounted to nine billion and 613 million KM and is higher by 19.8 percent.

The imports-exports ratio, according to the BiH Statistics Agency, amounted to 67.5 percent, while the foreign trade deficit amounted to three billion and 124 million KM.

Exports to CEFTA countries amounted to one billion and 16 million KM, which is 31 percent more than in the same period last year, while imports amounted to one billion and 215 million KM, which is 21.6 percent more.

The imports-exports ratio with CEFTA countries was 83.6 percent.

Exports to EU countries amounted to four billion and 825 million KM, which is 33.3 percent more than in the same period last year, while imports amounted to five billion and 815 million KM, which is 19.8 percent more.

The imports-exports ratio with EU countries was 83 percent.

Although the high percentage of export growth is due to the fact that in the same period last year, exports were lower due to the economic consequences of the pandemic, this does not diminish the positive trends in trade that BiH is recording this year.