Croatia’s Exports Rise 5.1%, Imports by 6.8%

Total Croatia News

ZAGREB, August 9, 2019 – Croatia’s commodity exports in the first six months of 2019 totalled 54.4 billion kuna, up 5.1% on the year, while imports went up 6.8% to 92.9 billion kuna, according to first estimates presented by the national statistical office (DZS) on Friday.

The foreign trade deficit was 38.5 billion kuna, nearly 3.2 billion kuna higher than in the corresponding period of 2018.

The export-import ratio dropped annually from 59.5% in the first six months of 2018 to 58.6% in H1 2019.

Commodity exports to EU member states totalled 36.8 billion kuna, up 3.6% on the year, and 17.6 billion kuna to non-EU countries, up 8.4%.

Commodity imports from EU member states increased 10% to 75.6 billion kuna, while those from non-EU countries decreased 5.4%% to 17.3 billion kuna.

Expressed in euros, Croatia’s commodity exports totalled 7.3 billion euro, up 5.3% on the year, while imports went up 7% to 12.5 billion euro in the 2019 H1. The foreign trade deficit stood at 5.2 billion euro, up from the 4.7 billion euro in the 2018 H1.

Commodity exports to EU member states totalled 4.96 billion euro, up 3.8% on the year, and 2.4 billion euro to non-EU countries, up 8.5%.

Commodity imports from EU member states increased 10.2% to 10.2 billion euro, while those from non-EU countries decreased 5.3% to 2.3 billion euro.

Croatia’s commodity exports in the first five months of 2019 totalled 45.9 billion kuna, up 7.6% on the year, while imports went up 10.5% to 79.2 billion kuna, according to the updated statistics.

The first results released by the DZS on 9 July showed that Croatia’s commodity exports in the first five months of 2019 totalled 45.8 billion kuna, up 7.4% on the year, while imports went up 9.8% to 78.7 billion kuna.

More economic news can be found in the Business section.

 

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