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FOREIGN TRADE EXCHANGE OF BOSNIA AND HERZEGOVINA WITH THE WORLD FOR 2018/2017

FOREIGN TRADE EXCHANGE OF BOSNIA AND HERZEGOVINA WITH THE WORLD FOR 2018/2017. Overview of the foreign trade in 201 8 /201 7 in 000 BAM:. Overview of the foreign trade in 2018/2017 in 000 BAM:. Leading countries in the total volume of B&H exchange in 201 8.

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FOREIGN TRADE EXCHANGE OF BOSNIA AND HERZEGOVINA WITH THE WORLD FOR 2018/2017

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  1. FOREIGN TRADE EXCHANGE OF BOSNIA AND HERZEGOVINA WITH THE WORLD FOR 2018/2017 Sector for Macroeconomic System

  2. Overview of the foreign trade in 2018/2017 in 000 BAM: Sector for Macroeconomic System

  3. Overview of the foreign trade in 2018/2017 in 000 BAM: Sector for Macroeconomic System

  4. Leading countries in the total volume of B&H exchange in 2018 Sector for Macroeconomic System

  5. The most important foreign trade partners in export for 2018 Sector for Macroeconomic System

  6. The most important foreign trade partners of B&H in import for 2018 Sector for Macroeconomic System

  7. Leading partners by export/import ratio in 2018 Sector for Macroeconomic System

  8. GRAPHIC DISPLAY OF EXPORT AND IMPORT (EU, CEFTA, EFTA, OTHER COUNTRIES) 2018 Sector for Macroeconomic System

  9. The volume of foreign trade with the Republic of Croatia in 2018 was 4.649.091.000 BAM, of which export amounted 1.51 billion BAM and the import 3.13 billion BAM. • The most exported values are: • Electricity 306,68 mil BAM • Raw Aluminum 136,71 mil BAM • Wood 72,91 mil BAM • Seats 53,14 mil BAM • Fabrics 45,88 mil BAM • The most imported values are: • Petroleum oils and oils obtained from bituminous minerals 892,82 mil BAM • Chocolate and other food products that contain chocolate77,37 mil BAM • Malt beer 66,40 mil BAM • Petroleum gases and others 55,53 mil BAM • Portland – cement 53,65 mil BAM Sector for Macroeconomic System

  10. We exported goods to the market of Serbia worth around1.32 billion KM, which is 14.61% more than last year. From the territory of Serbia, we imported goods worth around2.65 billion BAMand therebyincreased the import by 4.20% compared to the previous year. • The most exported values are: • Coke and semi-coke of charcoal, brown coal 267,62 mil BAM • Electricity 168,55 mil BAM • Hot-rolled iron wires 98,33 mil BAM • Wood (processed) 59,57 mil BAM • Rods of iron or non-alloy steel43,52 mil BAM • The most imported values are: • Petroleum oils and oils obtained from bituminous minerals 198,30 mil BAM • Oil from sunflower seeds 71,82 mil BAM • Corn 67,39 mil BAM • Bread, buns, cakes, biscuits and other 65,64 mil BAM • Electricity 52,26 mil BAM Sector for Macroeconomic System

  11. In 2018, the volume of trade with Turkeywas around 1.07 billion BAM. Export to Turkey amounted over 325 million BAM and was lower by 24.66% compared to the previous year. Import from Turkey increased by 14.78% and amounted around 753 million BAM. Export/import ratio was reducedto 43.2%. From Russia, import increased by 30.23% compared to the previous year. Foreign trade deficit with Russia amounts around 618 million BAM, export/import ratio was 17.7%, while in 2017 we realized surplus and export/import ratio amounted 101.5%. The reason for the drastic increase is the import of petroleum and oils obtained from bituminous minerals (tariff 2709) in the amount of over 594 million BAM during 2018. The structure of export to the Russian Federation is dominated by medicines (tariff 3004) in the amount of 96.08 million BAM and products of tariff code 0808 - apples, pear, pears in the amount of 21.99 million BAM. Sector for Macroeconomic System

  12. Sector for Macroeconomic System

  13. Despite of the increase, export of B&His still insufficient compared to developed economies whichlarge part of their consuption satisfy through their own production, as well as below the levels of Central and Eastern European countries. Export is limited to products of low added value that are placed mainly on the EU market. • The intensification of the foreign trade of commodity exchange with the world and the increase in exports and imports of goods resulted in foreign trade deficit of 7.33 billion BAM. • By industrial branches, the highest growth was recorded in capital production, respectivelythe production of machines, devices, parts and work resources; then intermediate production; production of electricity, and the smallest percentage is achieved in the production of durable and non-durable consumergoods. Sector for Macroeconomic System

  14. Conclusion: In the structure of foreign trade by sectors, traditionally, the largest volume of trade is realized in the wood and metal sector. Due to the modest production base of mostlyresource and labor intensive industrial branches, B&H does not have a sufficiently developed processing industry and becouse of that there is no higher added value of the product. Export growth in recent years, B&H has been realized thanks to the increased growth of export demand and the growth of world prices, rather than a significant structural change within the B&H economy. In 2018, foreign trade with the world continued with a positive pace of export growth. Sector for Macroeconomic System

  15. Thank you for your attention! Sector for Macroeconomic System

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