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Bosnia's Serb Republic 10-mo trade gap narrows 27%

Bosnia's Serb Republic 10-mo trade gap narrows 27% Author: Nick Savchenko Licence: CC BY-SA 2.0

SARAJEVO (Bosnia and Herzegovina), November 22 (SeeNews) – The trade deficit of Bosnia's Serb Republic decreased 26.6% on the year to 956.3 million marka ($540.8 million/488.9 million euro) in the January-October period, the entity's statistical office said on Friday.

Exports fell by an annual 3.2% to 3 billion marka in the ten months through October, while imports declined 10.3% to 4 billion marka, the Serb Republic's Institute of Statistics said in a monthly trade report.

The entity's largest trading partner in the January-October period was Serbia with a share of 16.4% of total trade turnover, followed by Italy with 15.3% and Germany with 9.3%.

The Serb Republic is one of two autonomous entities forming Bosnia and Herzegovina. The other one is the Federation.

(1 euro = 1.95583 marka)