Bosnias foreign trade deficit widens 13.2% y/y in Jan-Aug 2011.

By bne IntelliNews September 28, 2011
Bosnia's foreign trade deficit increased by 13.2% y/y to BAM 4.6bn (EUR 2.34bn) in Jan-Aug, according to data of the country's statistics office. In Jan-Aug, exports have risen by 18.2% y/y to BAM 5.4bn and imports have increased by 15.9% y/y to BAM 10bn. In August alone, the foreign trade deficit has widened by 7.6% y/y to BAM 629.6mn. Exports have grown by 14.8% y/y to BAM 669mn last month, accelerating from 8.8% y/y in July. Imports have increased by 11.2% y/y to BAM 1.3bn in August, speeding up from 8.3% y/y in the previous month. EU countries accounted for 56.1% of Bosnia's exports and 45.3% of the imports in the first eight months of this year. Base metals were the most important export product for the country, with their exports rising by 24.1% y/y to BAM 1.3bn in Jan-Aug.
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