Bosnia's trade deficit widens 12.2% y/y in Jan-Oct stats office.

By bne IntelliNews November 28, 2011
Bosnia's trade deficit increased by 12.2% y/y to BAM 5.96bn (EUR 3.05bn) in the first ten months of 2011, the country's statistics office said in a statement. In Jan-Oct, exports rose by 17.9% y/y to BAM 6.86bn, while imports increased by 15.2% y/y to BAM 12.82bn. In October alone, the trade gap widened by 12.1% y/y to BAM 693.4mn. October exports increased by 17.1% y/y to BAM 695mn, accelerating from a 16.6% annual rise in September. Imports jumped by 14.5% y/y to BAM 1.39bn in October, speeding up from an annual increase of 11% in the previous month. EU countries accounted for 56.1% of Bosnia's exports and 45.4% of the imports in the first ten months of 2011. Base metals and base metal products were Bosnias most important export items as their value rose by 21.5% y/y to BAM 1.6bn in Jan-Oct.
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