Bosnians are creating weapons in enormous quantities, and the largest deliveries go to this country
Ammunition dominates the list of goods that are being exported from Bosnia and Herzegovina, 94 percent of the sold goods
The capacity of the arms industry in Bosnia and Herzegovina (BiH) is growing each year, and the export of ammunition and military equipment from that country is constantly increasing, according to the BiH Foreign Trade Chamber, reported by Banja Luka's Nezavisne Novine on Tuesday.
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According to the available indicators, the export of the military equipment factory in BiH was worth slightly more than 100 million euros, which is 5.7 percent more than in 2017.
The largest export market for military products from BiH in the past year was Saudi Arabia, and ammunition and military equipment worth around 38 million euros were delivered here.
The second largest market was Turkey, to which the factories of military equipment from BiH exported goods valued at 15.5 million euros.
Afghanistan is among the buyers, and BiH sold weapons and ammo valued up to 11.7 million euros, but also the USA, where the sold products amounted up to 8 million euros.
The buyers are also from Croatia and Serbia.
Ammunition dominates the list of goods that are being exported from Bosnia and Herzegovina, 94 percent of the sold goods and the rest of the exports are weapons.
All ammunition factories are in the territory of the Federation of BiH, and Almin Malisevic, the secretary of the Metal and Electrical Industry Association at the Entity Chamber of Commerce, argues that, regardless of the relatively modest absolute figure that shows the value of total exports, the military industry in BiH should be taken seriously because it has great potential for growth.
- In BiH, the dedicated industry is one of the fastest growing branches. When we look at the total export or production, it does not make a large percentage, but the growth it achieves year after year gives us the right to count on the positive effects of the coming years - said Malisevic.
(Telegraf.co.uk / Hina)