January 22 (SeeNews) - Bosnia's trade deficit rose by 20.3% to 9.574 billion marka ($6.372/4.895 billion euro) last year, as imports rose faster than exports, the Bosnian Statistics Agency said on Thursday.
In 2007, Bosnia’s trade gap widened by 27.9% to 7.962 billion marka.
Bosnia's 2008 exports rose by 13.1% to 6.712 billion marka, while imports increased by 17.2% to 16.286 billion marka, the statistics office said in a statement posted on its website (www.bhas.ba).
Bosnia trade balance (in millions of Bosnian marka):
|
2008 |
2007 |
y/y pct change |
Turnover |
22,997.8 |
19,835.6 |
+15.9 |
Exports |
6,711.7 |
5,936.9 |
+13.1 |
Imports |
16,286.1 |
13,898.7 |
+17.2 |
Deficit |
9.574.4 |
7,961.8 |
+20.3 |
Bosnia, which has been divided into a Serb Republic and a Muslim-Croat Federation since the 1992-1995 war in the country, imports mainly foods and oil products and exports aluminium, raw steel, metal products and furniture.
The Bosnian marka is pegged against the euro under a currency board system. The fixed exchange rate under the system is 1.95583 marka per euro.