IN THE FIRST EIGHT MONTHS OF 2007 BOSNIA MADE A TRADE DEFICIT IN THE AMOUNT OF 5 BILLION BOSNIAN MARKS

SARAJEVO, Bosnia (September 20,2007) – Bosnia made foreign trade transactions in August 2007 worth 1,7 billion Bosnian Marks. From that sum,28,5 per cent is export and 71,5 per cent is import-related money.Director of the Bosnian Statistics Bureau Zdenko Milinovic stated at a press conference in Sarajevo that percentage of export-import coverage was 39,9 per cent.

The total export rate in the first eight months of 2007 was 3,9 billion Bosnian Marks and is per 17,6 per cent higher as compared to the same period last year. In that period, the import mounted to 8,9 billion Bosnian Marks, which is per 26,8 per cent higher as compared to the same period of last year. At the time, the export-import coverage was 43,6 per cent.

”In the first eight months of 2007, Bosnia made a trade deficit in the amount of 5 billion Bosnian Marks”, Milinovic said.

Observed in regional groups, Bosnia made most of the export to the EU (259,7 million Bosnian Marks or 53,1 per cent of the total export) in August 2007. Most of the export was made to Germany (56,4 million Bosnian Marks).

In August Bosnia imported mostly from Croatia (247,5 million Bosnian Marks or 20,2 per cent of the total import).

Observed in regions, most of the import was made in August from the EU (539,2 million Bosnian Marks or 44,1 pre cent of the total import). From all the EU countries, Bosnia mostly imported from Germany (138,8 million Bosnian Marks, or 11,3 per cent of the total incomes made).

Seen in the regional groups,in the first eight months of 2007,Bosnia mostly exported to Croatia (764,4 million Bosnian Marks) and to the EU (2,3 billion Bosnian Marks).

Most of the import was made from Croatia – 1,6 billion Bosnian Marks. EU follows with the amount of 4,3 billion Bosnian Marks.