The growing interdependence of national economies contributes to greater liberalization of foreign trade and the creation of regional economic integrations in order to stimulate economic development. Although there is no complete agreement on the existence of a positive correlation, a huge number of studies support the existence of a statistically significant link between foreign trade and economic growth. The subject of the paper is the analysis of foreign trade of the Republic of Srpska and the identification of key problems and opportunities in foreign trade. The aim of the research in this paper is to analyze the structure, openness and competitiveness of the economy of the Republic of Srpska, which should provide guidelines for improving the foreign trade balance. The results of the research point to the
base contributes to the improvement of the export performance of the economy.