At the start of 2014, Croatia ceased to be the first trading partner of Bosnia and Herzegovina, and Germany moved upward to the top position, according to the figures released by Bosnia’s statistical office for the first quarter of this year.
In Q1 2014, Bosnia’s imports increased 5.5% year on year to come to approximately EUR 1.85 billion, and exports increased 6% to 1.3 billion euros. The coverage of import by export was 56.7%, and the deficit in foreign trade totalled 803 million euros.
The imports from Croatia amounted to EUR 206 million in Q1 2014, which was 97.7% of the imports in the corresponding period of 2013. Bosnia’s exports to this neighbour were worth EUR 116 million, which was only 79.6% of the exports in the corresponding period in 2013.
On the other hand, Germany’s exports to Bosnia increased over 15% to 221 million euros, and imports rose 7.2% to EUR 176 million. Italy was the third biggest trading partner. Croatia used to be the top trading partner of its southern neighbour since the end of the war.