STATE OF AGRO-FOOD FOREIGN TRADE IN BOSNIA AND HERZEGOVINA

  • Mirjana Milovanović, PhD Banja Luka College, Department for Business Management and Business Economics, Banja Luka
  • Adriana Radosavac, PhD University Business Academy in Novi Sad, Faculty of Applied Management, Economics and Finance in Belgrade
  • Desimir Knežević, PhD University of Pristina, Faculty of Agriculture, Kosovska Mitrovica Lesak

Abstract

Trade of agricultural products plays an important role in food security, development of production and processing of products, strengthening the economy and GDP growth. The aim of this paper is to establish the trend of trade of food, live animals, drinks and tobacco in Bosnia and Herzegovina (B&H). Foreign trade of food products in B&H has been investigated for the past six years (2012- 2017). In B&H, annual import of agricultural and food products exceeds BAM 2.5 million and the export is approximately BAM 600 million. Food production is a strategic interest of every country. The coverage of import by export was the highest in 2017 (29.9%) and 2016 (29.4%), while the lowest was in 2014 (18.4%). During the investigated period, there was a deficit of trade in B&H. Both export and import in agro-food sector have been increasing recently, while the volume of export has a higher growth than import.

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Published
2018-09-23
How to Cite
MILOVANOVIĆ, Mirjana; RADOSAVAC, Adriana; KNEŽEVIĆ, Desimir. STATE OF AGRO-FOOD FOREIGN TRADE IN BOSNIA AND HERZEGOVINA. Economics of Agriculture, [S.l.], v. 65, n. 3, p. 1059-1070, sep. 2018. ISSN 2334-8453. Available at: <http://ea.bg.ac.rs/index.php/EA/article/view/882>. Date accessed: 11 dec. 2018. doi: https://doi.org/10.5937/ekoPolj1803059M.
Section
Original scientific papers

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