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Bosnia's Serb Republic 7-mo trade gap narrows 28%

Bosnia's Serb Republic 7-mo trade gap narrows 28% Ministry of Economy/All rights reserved.

BANJA LUKA (Bosnia and Herzegovina), August 22 (SeeNews) – The trade deficit of Bosnia's Serb Republic decreased 28.2% on the year to 634.6 million marka ($359.4 million/324.5 million euro) in the first seven months of 2019, the entity's statistical office said on Thursday.

Exports fell by an annual 1.0% to 2.1 million marka in the seven months through July, while imports declined 9.3% to 2.8 million marka, the Serb Republic's Institute of Statistics said in a monthly trade report.

The entity's largest trading partner in the January-July period was Serbia with a share of 15.9% of total trade turnover, followed by Italy with 15.3% and Germany with 9.2%.

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

(1 euro = 1.95583 marka)