Analysis and Forecast of Foreign Trade Indicators of Corn in Bosnia and Herzegovina

Abstract

The aim of this paper is to present the application of quantitative methods in the analysis of foreign trade indicators of corn in Bosnia and Herzegovina. Subsequently, based on the analysis, the forecast of import and export parameters was created for the 2018-20 period which predicted that corn imports and exports would increase both in the natural and value form. Furthermore, it was established for the observed period that Serbia was the largest importer of this crop to Bosnia and Herzegovina, and that Turkey was a country to which the corn from Bosnia and Herzegovina was mostly exported. The research in this paper can serve the purpose of further planning and development of both the production and the markets of this crop and agriculture as a whole.