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Bosnia's Serb Republic Jan-Sept trade deficit down 1.7% y/y

Author Annie Tsoneva
Bosnia's Serb Republic Jan-Sept trade deficit down 1.7% y/y Author: Bert Kaufmann Licence: Creative Commons

SARAJEVO (Bosnia and Herzegovina), October 22 (SeeNews) - Bosnia's Serb Republic had a trade deficit of 809 million marka ($481 million/414 million euro) in the first nine months of 2021, compared with a gap of 823 million marka in the same period of 2020, preliminary data of the entity's statistical office showed on Friday.

Exports increased by 29.9% year-on-year in the January-September period, reaching 3.176 billion marka, while imports added 22.1% to 3.985 billion marka, the Serb Republic's Institute of Statistics said in a monthly report.

The Serb Republic's main export destinations in the period under review were Croatia and Serbia, absorbing 14.8% and 14.6% respectively of the entity's total exports. The largest importers to the entity were Serbia and Italy, with shares of 18.8% and 14.8% of all imports, respectively.

In September alone, exports rose 34.7% on the year to an all-time high for the fourth month this year, reaching 424 million kuna, the statistical institute said. Imports went up 35% on the year to 528 million marka.

In 2020, the Serb Republic trade deficit fell by 7.4% to 1.1 billion marka.

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

(1 euro = 1.95583 marka)