Bosnia Herzegovina’s import of Aluminium Tubes and Pipes during 2018-20 illustrates an uneven movement

Bosnia and Herzegovina's gross domestic product to grow by 2.8% in 2021, which is 0.6% points below, as predicted by the World Bank in June’20. Bosnia's economy sunk by an estimated 4% in 2020, more than the 3.2% fall in GDP forecast in June, the World Bank said in its January 2021 Global Economic Prospects report.

The nation at Balkan Peninsula in south-eastern Europe recorded 2088 tonnes of aluminium tubes and pipes import during 2018-19 and the revenue expended for the import remained at $6.88 million. The import for 2020 stood at 533 tonnes and the expenditure occurred for the import noted at $3.67 million. However, when the import & expenditure for 2020 gets assorted by the existing two years, it signifies 2621 tonnes and $10.55 million respectively.

Bosnia and Herzegovina's import for aluminium tubes and pipes in 2018 stood at 859 tonnes and the expenditure remained at $3.20 million, whereas, in 2019, the import saw a rapid growth by 43.07%, as the import volume rose to 1229 tonnes and the expenditure grew to $3.68 million.

The import for 2020 has been captured with a huge downfall by 56.63%, as the import volume dropped to 533 tonnes, while expenditure saw a nominal fall to $3.67 only.

The major trading nations for Bosnia and Herzegovina's import of aluminium tubes and pipes are Austria, China, Denmark, Slovenia, Germany, Turkey, Italy, etc.