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Sep 22, 2023 21:15 EEST
September 22 (SeeNews) - Bosnia's Serb Republic recorded a trade deficit of 1.140 billion marka ($ 621 million/583 million euro) in the first eight months of the year, compared with a trade gap of some 961 million marka in the same period of 2022, the entity's statistical office said on Friday, quoting preliminary data.
Exports decreased by 3.7% year-on-year in the January-August period, to 3.5 billion marka, while imports added 1.0% to 4.6 billion marka, the Serb Republic's Institute of Statistics said in a monthly report.
The Serb Republic's main export destinations in the first eight months were Serbia and Croatia, absorbing 16.6% and 15.5% respectively of the entity's total exports.
The largest importers into the entity were Serbia and Italy, with shares of 15.9% and 15.4% of all imports, respectively. Bosnia's Serb Republic recorded a trade deficit of 1.746 billion marka in 2022, up 52% on the year.
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)
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