The Council of Ministers of Bosnia and Herzegovina adopted today at its session the Analysis of BiH’s Foreign Trade Exchange for 2023, and tasked the Ministry of Foreign Trade and Economic Relations with submitting these analyzes on a quarterly basis.
The total trade of Bosnia and Herzegovina for the year 2023 was 44.47 billion KM. The value of exported goods was 16.70 billion KM, and the value of imported goods was 27.77 billion KM, which led to a foreign trade deficit of 11.07 billion KM.
In 2023, Bosnia and Herzegovina exported the most electricity, in the value of 1.06 billion KM, and imported the most petroleum oils, except for crude oil, in the value of 2.40 billion KM.
Bosnia and Herzegovina exported the most goods to Germany (2.68 billion KM), Croatia (2.55 billion KM), Serbia (2.09 billion KM), Austria (1.72 billion KM), Italy (1.45 billion KM) and Slovenia (1.36 billion KM).
At the same time, the most goods were imported from Italy (3.87 billion KM), Germany (3.34 billion KM), Serbia (2.83 billion KM), China (2.63 billion KM), Croatia (2.10 billion KM ) and from Turkey (1.54 billion KM).
In 2023, Bosnia and Herzegovina had the highest import-export coverage with Austria 172.02 percent, which is 1.54 percent more than in 2022, Slovenia 126.32 percent, Croatia 127.65 percent, which is 27. 56 percent more compared to the previous year.
Exports to European Union countries amounted to 12.19 billion KM, which is 7.86 percent less than in 2022, and imports from EU countries amounted to 16.37 billion KM, which is 0.47 percent more compared to to 2022 – it was announced from the Council of Ministers of Bosnia and Herzegovina.
