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Economic Cooperation with Bosnia and Herzegovina

     In 2018 trade in goods between Belarus and Bosnia and Hercegovina amounted to 12.4 mln US dollars (85.7% year-over-year), including export from Belarus – 7.7 mln dollars (71.4%), import from Bosnia and Hercegovina – 4.7 mln dollars (126.8%). Balance of trade was positive for Belarus – 3 mln dollars.

 

Trade in goods between Belarus and Bosnia and Herzegovina in 2014-2018, mln US dollars

 

 

2014

2015

2016

2017

2018

Trade turnover

23.7

68.1

9.7

14.5

12.4

Export

14.4

5.8

7.8

10.8

7.7

Import

9.4

62.3

1.9

3.7

4.7

Balance

5.0

-56.6

6.0

7.1

3.0

 

     Belarus’s exports to the Bosnia and Herzegovina in 2018 included parts and accessories of the motor vehicles (2.6 mln dollars), motor vehicles (1.7 mln dollars), new pneumatic tyres (1.8 mln dollars). Major goods supplied by Bosnia and Herzegovina to Belarus were artificial (3.1 mln dollars), footwear (1 mln dollars), centrifuges, including centrifugal dryers (0.2 mln dollars).

     In January-May 2019 trade turnover in goods between the countries reached 7.6 mln dollars (165.3%), export from Belarus – 4.4 mln dollars (140.2%) and import from BiH – 3.2 mln dollars (219.8%). Balance of trade is positive for Belarus – 0.4 mln dollars.

     Bilateral trade in services in 2018 amounted to 0.2 mln dollars (156.9% year-over-year), including export – 0.13 mln dollars (252.9%) and import – 0.07 mln dollars (93.8%). In January-April 2019 trade in services reached 0.12 mln dollars (281.6%), export – 0.06 mln dollars (305.4%), import – 0.06 thousand dollars (260.8%).