Bosnia's foreign trade deficit widens 14.3% y/y in Jan-Jul 2011.

By bne IntelliNews August 26, 2011
Bosnia's foreign trade deficit increased by 14.3% y/y to BAM 3.95bn (EUR 2.02bn) in Jan-Jul, according to data of the country's statistics office. In the first seven months of this year, exports grew by 18.6% y/y to BAM 4.77bn, while imports rose by 16.6% y/y to BAM 8.72bn. In July alone, exports, imports and the trade deficit were BAM 694mn, BAM 1.34bn and BAM 645.3mn, respectively. EU countries accounted for 56.5% (BAM 2.7bn) of Bosnia's exports and 45.6% (BAM 3.98bn) of the country's imports in Jan-Jul. In exports, the most important product group was base metals and articles of base metals. Exports in this group have increased by 27.3% y/y to BAM 1.14bn in Jan-Jul.
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