Bosnia's January trade deficit widens 29.6% to EUR 224mn.

By bne IntelliNews February 29, 2012
Bosnia's trade deficit widened by 29.6% on the year to BAM 438mn (EUR 224mn) in January, the country's statistics office said in a statement. January exports shrank by an annual 9.6% to BAM 560mn, while imports increased by 4.2% y/y to BAM 998mn. In December, the trade gap widened 11% on the year to BAM 747mn, while for the whole of 2011 it expanded by 12.3% to BAM 7.3bn. EU countries accounted for BAM 240mn of Bosnia's January exports (up 5.9% y/y) and for BAM 302mn of the imports (up 8% y/y). Manufactured goods, and in particular iron, steel and non-ferrous metals, were Bosnias most important export items in January when their value rose by 2.6% y/y to BAM 171mn.

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