News in English     | 25.09.2018. 15:44 |

Egrlić: We expect the exports of BiH companies to exceed 12 billion KM this year

FENA Darinka Mitrović

SARAJEVO, September 25 (FENA) - Ahmet Egrlić, Vice-President of the Foreign Trade Chamber of BiH (FTCBiH), said today that the Chamber expects the BiH exports this year to exceed 12 billion KM.

“Exports from BiH grew this year and for the first time in April exceeded one billion KM on a monthly basis, and this trend continued through May, June and July. In August there was a slight decrease below one billion KM, but by the end of the year we expect that this trend of growth will continue and that we will surely exceed 12 billion KM,” said Egrlić.

In the past year, when it comes to exports, for the first time, we surpassed 10 billion KM. The exports amounted to about 11.5 billion KM.

Import-export ratio is about 63 percent, the main market is the EU with 70 percent of total exports, and we have the best import-export ratios with Austria, Germany, Italy, etc. With the countries of the region we are also recoding the largest foreign trade exchange.

“BiH must be branded as a country which produces high quality products, and the economic diplomacy should make preconditions for further development of business and export of BiH companies. The conclusion is that exporters’ business is constantly growing and therefore they need our support,” said Egrlić.

The Business Papers, a credit rating company LRC and FTCBiH today presented the results of ranking of BiH companies in terms of total revenue, profits, exports and cash flow for 2017 within the project "The 100 Biggest in BiH."

The most successful companies will receive awards at a ceremony in Sarajevo tomorrow.

(FENA) S. R.

Vezane vijesti

Foreign trade deficit of BiH from January to April amounted to about three billion KM

The increase in the amount of electricity exports was not accompanied by financial result

BiH's foreign trade deficit in January amounted to 443 million KM

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