Croatia’s Exports Grow Faster than Imports

Total Croatia News

ZAGREB, February 8, 2018 – Croatia’s export of goods in the first 11 months of 2017 went up 13.9% on the year, while imports went up 11%, the national statistical office said on Thursday, raising its estimates from November, when it forecast that exports would go up 13.6% and imports 10.5%.

In the said period, Croatia exported 95.49 billion kuna worth of goods, while importing 149.8 billion kuna, putting the foreign trade deficit at 54.3 billion kuna and the export-import ratio at 63.7%.

Expressed in euros, Croatia’s export of goods in the first 11 months of 2017 went up 15% on the year to 12.8 billion, while imports went up 12.2% to 20.1 billion. The foreign trade deficit was 7.3 billion euro.

The European Union remains the biggest market for Croatian goods, accounting for 65% of exports and 78% of imports in the first 11 months of 2017. Exports to the EU increased 11.4% annually to 8.3 billion euro, while imports went up 12% to 15.68 billion euro.

Italy, Germany and Slovenia remained Croatia’s main trade partners. Exports to Italy went up 14.2% to 1.7 billion euro, exports to Germany went up 18.7% to 1.58 billion euro, while exports to Slovenia dropped 1.7% to 1.38 billion euro.

Imports from Germany went up 8.7% to 3.17 billion euro, imports from Italy went up 12.6% to 2.59 billion euro, and imports from Slovenia went up 8.7% to 2.15 billion euro.

Croatia’s goods exports to Central European Free Trade Agreement countries in the first 11 months of 2017 jumped 22.2% to 2.2 billion euro, while imports rose 18.1% to 1.24 billion euro. Exports to Bosnia and Herzegovina jumped 23.9% annually to 1.25 billion euro, while imports jumped 21.4% to 627.5 million euro. Exports to Serbia jumped 30.3% to 616 million euro, while imports went up 18.6% to 532.4 million euro.


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