Bosnia's foreign trade deficit over €4 billion in 2019

Source: Dusko Jaramaz/PIXSELL

Bosnia's foreign trade deficit reached 8 billion and six million Bosnian marks (the equivalent of some € billion) and the import-export coverage stood at 58.9 percent at the end of 2019, the state Statistics Agency said on Tuesday.

The country's total exports reached 11 billion and 492 million marks or some €5.8 billion which is 3.4 percent less than in 2018, and imports reached 19 billion and 498 million marks or some €9.9 billion, representing an increase by 1.2 percent.

Bosnia's exports to the Central European Free Trade Agreement (CEFTA) countries was 1.9 billion marks (some €1 billion) and was 2.3 percent less than in 2018, while imports stood at 2.4 billion marks (or €1.2 billion) which is 3.9 percent higher than 2018. The total import-export coverage for the CEFTA region was 78.7 percent.

Last year, Bosnia exported 8 billion and 388 million marks (some €4.2 billion) worth of goods to the EU market, which is 3.4 percent less than in 2018, while it imported goods worth 12.8 billion marks (approx. €6.5 billion). This means that it imported 3.6 percent more goods than in 2018.

The import-export coverage with this market was 69.4 percent in 2019.