According to the State Statistics Agency, Bosnian exports shrunk by 10.8 percent in January 2019, while imports rose by 2.9 percent, as compared to the same period of 2018. Thus the total export-import coverage in January 2019 was 66.4 percent.

January exports reached 810 million marks (some € 400 million), which is 10.8 percent less than in January last year. At the same time, imports into the country reached some 1.2 billion marks (approx. € 600 million), and were 2.9 percent higher than in January 2018, the State Statistics Agency said.

The export-import ratio stood at 66.4 percent, while the foreign trade deficit reached 411 million marks (some € 220 million).

Exports into the Central European Free Trade Agreement (CEFTA) member states also decreased and were 115 million marks (around € 55 million), which was 11.6 percent less than in January 2018. The positive thing is that imports from these countries also shrunk and it amounted to 133 million marks (around € 65 million). The export-import coverage here was 86.1 percent.

The CEFTA is a trade agreement between non-EU countries, members of which are now mostly located in Southeastern Europe.

As of July 1, 2013, the CEFTA member states are Albania, Bosnia and Herzegovina, Macedonia, Moldova, Montenegro, Serbia and UNMIK (on behalf of Kosovo).

When it comes to Bosnia’s trade with the EU, it exported products worth 636 million marks (some € 318 million) which is 7.5 percent less compared to January 2018, and EU imports into the country reached 735 million, which is 5.2 percent less than what they were in January last year.

The export-import coverage in the trade with the EU amounted to 86.5 percent.

(€ 1 = 1.955 marks)