News in English     | 17.11.2019. 19:36 |

Agro-industrial sector has great possibilities in the international market

FENA Darinka Mitrović

SARAJEVO, November 17 (FENA) - Products of the agro-industrial sector in the total value of KM 615.6 million were exported from Bosnia and Herzegovina in the first nine months of this year, which is five percent less compared to the same period last year.

At the same time, according to the BiH Foreign Trade Chamber (FTC BiH), food products totaling KM 2.4 billion were imported into BiH, which is an increase of more than three percent.

Imports of fruits, vegetables, tobacco and products substituting tobacco, fats, cocoa, products of animal origin, as well as milk and dairy products increased.

The deficit of the agro-industrial sector in foreign trade amounted to KM 1.8 billion and the export-import ratio was 26 percent. According to the analysis of the FTC BiH, most tariff groups recorded a slight increase in exports, so that despite the high deficit in this sector, there are indicators that show that we have a great chance in the international market both in quality and in price. In addition, the BiH agricultural sector offers great opportunities for potential investors.

In the dairy sector, as stated by the FTC BiH, it is necessary to expand the manufacturing industry, product palettes, i.e. import substitution is necessary.

In terms of beer, there is still a negative foreign trade exchange and a poor position of domestic in relation to foreign breweries. The export-import ratio is only three percent and is highly influenced by low import prices.

Fresh plums, frozen and fresh raspberries, forest fruits, cherries, tomatoes, potatoes are mostly exported.

Tropical fruits (from Turkey, Iran, Tunisia and Saudi Arabia) and bananas (from Slovenia, Ecuador and the Netherlands) are mostly imported.

(FENA) A. B.

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