27.07.2024. / 16:33
SARAJEVO – Domestic export-oriented companies from the power sector and the metal and textile industries suffer the most due to negative trends on the European market.
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That is what their balances of goods placement abroad show, which are much thinner compared to other branches. Director of the Macroeconomic System Sector at the Foreign Trade Chamber, Slaviša Ćeranić, said yesterday that in the first half of the year, BiH recorded a drop in exports of 8.18 percent compared to the same period last year, and that lower numbers are mostly added to three tariffs.
It is about electricity, iron and steel products and the textile industry.
“The decline in the export of electricity is 382 million KM, iron and steel products about 200 million KM, and goods from the textile industry 70 million KM. Bosnia and Herzegovina relies on the EU market and all events in the Union reflect on the economy of Bosnia and Herzegovina. Such is the situation with electricity, the price of which is now much lower than during the energy crisis and drastic price increases. Plus, there is also a dry period,” said Ćeranić.
Presenting the basic indicators of BiH’s foreign trade exchange for six months, Ćeranić said that the placement of goods on the foreign market weighed around 8.2 billion KM, which is 729 million KM less compared to last year, stating that there was a decline in exports to all leading markets.
“Out of the EU countries, the biggest decline in exports was recorded on the markets of Austria, Italy, Slovenia and Germany. Of the CEFTA countries in the Serbian market, by 18.2 percent,” Ćeranić pointed out and added that there is a certain trend of slowing down the decline in exports.
According to him, the growth of exports to “other markets” is encouraging, where the percentage of the highest recorded jump is on the markets of Turkey and China.
“The current events in the Middle East and the uncertainties due to the present geopolitical tensions, which contribute to the disruption of market conditions, are also reflected in the economy of our country,” Ćeranić pointed out.
Products from the dedicated industry and the pharmaceutical sector, according to expert associate in the Macroeconomic System Sector of the Chamber Amila Močević, recorded the highest growth in placement on the foreign market, amounting to 40 million KM.
“BiH is a small economy, exposed to changes in foreign trade relations with key partners and external factors that cannot be influenced”, added Močević.
In the Foreign Trade Chamber of BiH, they say that any economic crisis will certainly have reflections on the economy and the life of citizens in general, and that it is extremely important to look at the possibilities and develop mechanisms to mitigate the negative effects. They stated that the key economic projections of the EU for the current year have a positive trend, as well as the projections for Bosnia and Herzegovina.
“Projected GDP growth, putting inflation within real and projected frameworks and stopping the growth of interest rates are positive signals that can contribute to increased economic activity in the second part of the year”, the Foreign Trade Chamber of BiH pointed out.
Slaviša Ćeranić says that the movements of imports had the opposite tendency to exports, which led to an increase in the foreign trade deficit, which amounts to 6.1 billion KM.
“Imports in Bosnia and Herzegovina reached 14.29 billion KM in half a year and are 426 million KM higher than last year. “BiH imported the most goods from Croatia, Germany, Slovenia, Italy and Serbia,” said Ćeranić. Voice of Srpska
Source: www.capital.ba
