Bosnia and Herzegovina Exports Most to Germany, but Also Imports from this Country

An analysis of Bosnia and Herzegovina's foreign trade for the period January – September 2016 showed that the total trade in goods amounted to 18.67 billion KM, which is 174.06 million more compared to the same period in 2015.

In this period, the trade deficit decreased by 3.23 percent compared to 2015, and amounted to 4.95 billion KM. Exports increased by 2.54 percent and amounted to 6.86 billion KM, while imports remained almost at the 2015 level and amounted to 11.81 billion KM. The coverage of imports by exports in the period January – September 2016 was 58.09 percent.

The European Union remains our main foreign trade partner, so the EU participates with 65.7 percent in the total volume of trade, followed by countries signatories to the CEFTA 2006 Agreement, which participate with 13.36 percent, while all other countries participate with 20.89 percent.

Exports to the EU account for 72.82 percent of total BiH exports, and imports from EU countries account for 61.65 percent of total BiH imports.

Among the main trading partners, we have the highest import coverage by exports with Austria at 135.8 percent, Slovenia at 97.47 percent, Germany at 75.85 percent, Croatia at 61.73 percent, Italy at 60.5 percent, Turkey at 51.24 percent, and Serbia at 42.87 percent.

BiH exported the most to Germany (16.29 percent), Italy (12.12 percent), Croatia (10.53 percent), Slovenia (8.56 percent), Serbia (8.36 percent), Austria (8.02 percent), Turkey (3.74 percent), Montenegro (2.56 percent), Hungary (2.17 percent), and the Netherlands (2.14 percent).

At the same time, we imported the most from Germany (12.48 percent), Italy (11.63 percent), Serbia (11.32 percent), Croatia (9.91 percent), China (6.86 percent), Slovenia (5.1 percent), Russia (4.35 percent), Turkey (4.24 percent), Austria (3.43 percent), and Poland (2.93 percent). Imports from these countries in the first nine months of this year account for 72.26 percent of total BiH imports.