Bosnia and Herzegovina's defence industry has recorded a steady rise in exports, exporting €82 million worth of ammunition and military equipment in the first ten months of 2019, an increase of 20% over the corresponding period in 2018, the Biznisinfo business news website says.
The biggest buyers are Arab countries. For instance, Saudi Arabia bought €26.5 million worth of ammunition and military equipment from Bosnia and Herzegovina in the first ten months of 2019. Egypt followed with purchases totalling €22 million.
Morocco, Afghanistan, the United Arab Emirates and Kenya are among the top ten buyers of ammunition and military equipment manufactured in Bosnia and Herzegovina.
According to the Bosnian Chamber of Foreign Trade, total defence industry exports in 2018 came to €100 million. The lion's share, 94%, related to ammunition and the rest included parts of weapons.
Bosnia's imports of military equipment last year totalled a mere €6 million.