Goods worth 18.4 billion BAM were exported from Bosnia and Herzegovina in 2022, which is 3.8 billion BAM or 26 percent more than in 2021. According to the analyzes of the Foreign Trade Chamber of Bosnia and Herzegovina, our economy is competitive and can produce and export goods to demanding European markets.
The Foreign Trade Chamber of Bosnia and Herzegovina (FTC BiH) presented today to the media the basic indicators of BiH’s foreign trade exchange with the world in 2022 compared to 2021, with special reference to the exchange of our country with the most important trade partners.
FTC BiH President Zdravko Marinković and Vice-Presidents Ahmet Egrlić and Vjekoslav Vuković stated that the past two years had been turbulent – the Covid-19 pandemic, then the war in Ukraine, and that all of this had an impact on inflationary trends, so such a situation also affected the economy. in the world, and therefore also in Bosnia and Herzegovina. the economy.
In this context, Marinković said that in 2022, goods with a total value of 18.4 billion BAM were exported from BiH, and at the same time, goods with a total value of 29.1 billion BAM were imported, which is an increase of 7.2 billion BAM or 33 percent compared to the previous year.
As mentioned, the foreign trade deficit amounted to 10.7 billion BAM, and the coverage of imports by exports was 63 percent.
“Merchandise exchange was achieved mostly with the countries of the European Union. The total volume of exchange with represents 68 percent of the total volume of exchange between BiH and the world,” said Marinković.
The volume of exchange with the EU for 2022 was about 32.3 billion BAM, which is 7.3 billion BAM more than in 2021. In the past year, goods worth 13.3 billion BAM were exported to the EU market, which is 2.8 billion BAM more or 26 percent more than the year before.
At the same time, goods worth 19 billion BAM were imported from the EU, which is an increase of 4.5 billion BAM or 31 percent compared to the previous year. The EU participates in total exports with 72 percent, and in imports with 65 percent.
The deficit with the EU amounts to 5.7 billion BAM, and the coverage of imports by exports was 70 percent.
“In terms of volume of exchange, Croatia leads the way. The volume of exchange with Croatia was BAM 8 billion, which is BAM 2.6 billion or 48 percent more than in 2021. Exports amounted to 2.6 billion BAM, which is more by 700 million BAM or 36 percent, and imports were 5.4 billion BAM, which is an increase of 1.9 billion or 56 percent, and a deficit was realized in the amount of 2.8 billion BAM. Coverage of imports by exports amounted to 48 percent,” said Marinković.
