Bosnia records growth in trade, foreign deficit remains high

The country’s export-to-import ratio stood at 56.6 percent, leaving a foreign trade deficit of 8.536 billion marks (approximately €4.36 billion), according to the BiH Statistics Agency.

Trade with the European Union remained the largest share of BiH’s foreign commerce. Exports to EU countries reached 8.171 billion marks (approximately €4.17 billion), a rise of 5.2 percent year-on-year, while imports totalled 11.429 billion marks (approximately €5.83 billion), increasing by 1.3 percent. The export-to-import ratio with the EU was 71.5 percent.

Meanwhile, exports to CEFTA member countries amounted to 1.934 billion marks (approximately €987 million), up 11.3 percent from the same period last year, while imports grew by 10.1 percent to 2.434 billion marks (approximately €1.24 billion). The export-to-import ratio with CEFTA countries stood at 79.5 percent.

These figures indicate steady export growth, though the trade deficit remains a significant challenge for the BiH economy.