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BiH records surplus in trade of agricultural products with Saudi Arabia
Tekst: Darinka Mitrović, FOTO FENA /
SARAJEVO, August 16 (FENA) - Bosnia and Herzegovina records a surplus in trade of agricultural products with Saudi Arabia, and the volume of this exchange in 2021 was 5.53 million KM, while in the first half of this year it was 3.97 million KM.
According to the data of the Ministry of Foreign Trade and Economic Relations of BiH (MVTEO BiH), in the last year compared to the year 2020, a drop in the total trade of agricultural products of BiH with Saudi Arabia was recorded by nine percent, and a drop in surplus by four percent.
“Value of exports of agricultural products to Saudi Arabia in the first six months of this year was 3.64 million KM, which is 59 percent more than in the same period last year. At the same time, agricultural products worth 334.19 thousand KM were imported from Saudi Arabia, which is 52 percent more compared to the value of agricultural products imported in the same period in 2021,” the Ministry of Foreign Trade and Economic Relations of Bosnia and Herzegovina told FENA.
Since Saudi Arabia recently accepted a questionnaire from Bosnia and Herzegovina for the export of red meat, poultry and meat products, the Veterinary Office of Bosnia and Herzegovina will ask the competent entity bodies to nominate facilities for the export of red meat and chicken to the Saudi market.
Bosnia and Herzegovina has not officially exported meat to the Kingdom of Saudi Arabia, but the Ministry says that they have not received information from Saudi institutions that there are any restrictions regarding export quantities. They will depend on the needs of the Saudi market and domestic production capacities.
When it comes to agricultural products, in the first half of the year, Bosnia and Herzegovina exported waffles and wafers to Saudi Arabia in the value of 3.10 million KM (where a growth of 187 percent was recorded), followed by roasted coffee with caffeine, and fresh cheese.
The import of agricultural products from Saudi Arabia in the first six months was dominated by dates with a value of 329.31 thousand KM (where a growth of 51 percent was recorded compared to the same period last year). The import of dates takes part in about 98 percent of the total import of agricultural products from that country.(FENA) A. B.