Croatia remains Bosnia's top trading partner

In 2015, Croatia was again Bosnia and Herzegovina's top trading partner, despite a marked decrease in the volume of trading between the two neighbours caused by restrictions in the agricultural produce trade, according to statistics kept by Bosnia's Foreign Trade Chamber.

Presenting the figures on Wednesday during a reception for foreign diplomats in Sarajevo, the chamber's chairman Bruno Bojic said that the European Union was the most important market for both Bosnia's exports and imports.

In 2015, Bosnia's imports from the 28-strong bloc totalled EUR 5.4 billion, while Bosnia's exports to that market came to EUR 3.35 billion.

Broken down by individual EU members, Croatia was the top trading partner, although Croatia's exports to Bosnia dropped 6% compared to 2014, and Bosnia's exports to Croatia decreased by 3.6% on the year.

Thus, Croatia's exports to Bosnia totalled EUR 1.24 billion, and the Croatia's imports from Bosnia came to EUR 483 million.

Croatia's exports were reduced due to the reduction of exported meat, meat products, milk and dairy products to that neighbour caused by problems in Bosnia-EU negotiations in the adjustment of the Interim Trade Agreement.

Bosnia's authorities opposed to opening the country<'s market to customs-free import of Croatian agricultural produce out of fear that this move may jeopardise the domestic production, according to Bojic.

As for Bosnia's entire export-import deficit in 2015, it was 3.1 billion euros, given that Bosnia's total exports in 2015 were 4.7 billion euros and imports EUR 7.87 billion.

Last update: Wed, 10/02/2016 - 17:45
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