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Bosnia's Serb Republic H1 trade gap narrows 19%

Bosnia's Serb Republic H1 trade gap narrows 19% Author: Nick Savchenko Licence: CC BY-SA 2.0

BANJA LUKA (Bosnia and Herzegovina), July 22 (SeeNews) – The trade deficit of Bosnia's Serb Republic decreased 19% on the year to 543 million marka ($311.5 million/277.8 million euro) in the first half of 2019, the entity's statistical office said on Monday.

Exports fell by an annual 1.0% to 1.8 million marka in the six months through June, while imports declined 6.9% to 2.4 million marka, the Serb Republic's Institute of Statistics said in a monthly trade report.

The entity's largest trading partner in the January-June period was Serbia with a share of 15.8% of total trade turnover, followed by Italy with 15.1% 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)