Bosnia’s Jan-Jul foreign trade gap shrinks 12.5% y/y to EUR 1.8bn.

By bne IntelliNews August 16, 2013

Bosnia’s foreign trade deficit narrowed 12.5% y/y to BAM 3.6bn (EUR 1.8bn) in January-July 2013 on the back of rising exports and falling imports, the statistics office said. The reading accounted for 13% of the full-year GDP, improving from 15.7% of GDP a year earlier. The export-import coverage ratio strengthened to 58% in January-July from 52% a year earlier.

Exports rose 8.5% y/y to BAM 5.0bn in the first seven months of the year whereas imports contracted 1.5% y/y to BAM 8.6bn.

The imports retreat was mainly driven by falling utilities and capital goods purchases. On the other hand imports of non-durable consumer goods (food, beverages, tobacco clothing and footwear, medicines and others) continued increasing possibly implying a mild recovery of consumption.

Higher manufacturing and utilities sales remained the key drivers of Bosnia’s export growth in January-July.

Manufacturing exports rose 4.8% y/y to BAM 4.3bn (86% share in total) lifted by increasing sales of furniture, food, leather, wood, machinery and equipment and fabricated metal products which offset falling basic metal exports.

January-July sales of electricity, gas, steam and air conditioning supply jumped 192% y/y to BAM 329mn, reflecting favorable hydrological conditions in the winter season.

Export growth is expected to offset falling domestic demand and will support a mild 0.5% GDP expansion oin 2013, according to the IMF. The economy contracted 0.7% in 2012.

Bosnia's foreign trade Jan-Jul'12 %,y/y Jan-Jul'13 %,y/y
Exports,BAM mn 4,564.1 -4.3 4,950.1 8.5
Imports,BAM mn 8,698.4 -0.3 8,568.3 -1.5
Trade balance,BAM  mn -4,134.2 4.5 -3,618.2 -12.5
Source: Institute of statistics        

Related Articles

RBI doubles net profit y/y in Q1 as Russian business recovers

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, reported that net profit almost doubled year-on-year to €220mn in the first ... more

Opposition in Bosnia’s Republika Srpska seeks no-confidence vote against government

Three opposition parties in Bosnia & Herzegovina’s Republika Srpska filed a request for a no-confidence motion against the government on May 15, ... more

Bosnia’s fourth attempt to meet requirements for IMF loan tranche fails

Bosnia & Herzegovina's parliament failed for the fourth time to adopt key legislative changes required by the International Monetary Fund (IMF) to disburse the second tranche under an ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Dismiss