Exports in Q1 up 36.6%, imports +41.2%

The foreign trade deficit in that period amounted to HRK 25.6 billion, 8.5 billion more on the year, while the coverage of imports by exports was 61.9%, whereas in the comparable period of 2021 it was 64%.

The export of goods to the EU in Q1 totalled HRK 30.2 billion, 42.9% more on the year, while imports from the EU increased by 31.8% to HRK 50 billion.

Exports to non-EU countries increased by 22.6% to HRK 11.6 billion while imports from non-EU countries soared by 78% to HRK 17.3 billion.

Expressed in euros, Croatia’s commodity exports in Q1 totalled €5.5 billion, an increase of 37.1% from Q1 2021, while imports increased by 41.8% to €8.9 billion.

The foreign trade deficit amounted to €3.4 billion in that period.

Goods exported to the EU in Q1 totalled €4 billion, an increase of 43.4% compared to Q1 2021, while exports to non-EU countries increased by 23.1% to €1.5 billion.

Goods imported from the EU totalled €6.6 billion (+32.3%), while imports from non-EU countries soared by 78.7%% to €2.3 billion.

(€1 = HRK 7.544176)

For more, make sure to check out our dedicated business section.

 

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