From Oil to Chocolate, Croatian Exports to Albania Grow Dramatically

Lauren Simmonds

The interest in deeper cooperation between Croatia and nearby Albania lies mostly in energy, mechanical engineering, electrical industry, construction, and Croatian exports to Albania are on the up.

As Poslovni Dnevnik/Marija Brnic writes on the 13th of January, 2020, one of the countries with which Croatia is experiencing strong growth in economic co-operation is Albania, and their Economy and Finance Minister Anila Denaj is on an official visit to Zagreb today.

She will talk with Croatian Economy Minister Dark Horvat, accompanied by businessmen, who will participate in the Croatian-Albanian Economic Forum, which will be held at the Croatian Chamber of Commerce (HGK). The businessmen of the two countries showed increased interest in business cooperation last summer, when the first forum was held, attended by some 20 Croatian and 88 Albanian companies, and today about 30 companies from Croatia and 20 companies from Albania applied for the bilateral talks.

Croatian exports to Albania have risen dramatically, and the most opportunities for cooperation, at least according to the Croatian Chamber of Commerce, lie in the energy, mechanical engineering, electrical and electronics, pharmaceutical, food, textile and footwear industries, and especially in construction and investment in Albania.

Among the Croatian companies participating in the Forum are INA, Crosco, Končar, Metal Product, Vindija, Fragaria, Pik Vrbovec plus, Elda, Kemika, Perpetuum Mobile, Tehnix, Altpro, Ozimec, Neoinfo, Elektro Centar Petek, OPG Nevenka Jurin , Surium, Runs with Twins, Sano Modern animal nutrition, Transmitters and communications, Galko, Dam, the Port of Zadar (Luka Zadar), and Bureau Veritas Croatia.

Croatian exports to Albania were at their highest back in 2015, at 67.5 million euros, after which they recorded a decline, but they increased once again and reached almost 64 million euros in the first ten months of 2019, up by 36 percent year-on-year. The main Croatian exports are oil, fish products, electric transformers and chocolate, while from Albania, Croatia imports aluminum, footwear, processed fish, herbs and vegetables.

Imports from Albania are much more modest, but they have continued to grow and amounted to 7 million euros in the last 10 months of 2019.

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