ZAGREB, September 6, 2019 – Croatia’s exports reached 66.4 billion kuna in the first seven months of 2019, an increase of 8.2% over the same period in 2018, while imports went up by 6.9% to 109.8 billion kuna, according to initial data from the State Bureau of Statistics (DZS) released on Friday.
The foreign trade deficit was 43.4 billion kuna, up 2 billion kuna, while the coverage of imports by exports increased from 59.7% in the first seven months of 2018 to 60.4% in the same period this year.
Exports to EU member states rose by 6.7% to 44.8 billion kuna, while exports to non-EU countries increased by 11.5% to 21.5 billion kuna. At the same time, imports from EU member states rose by 9.7% to HRK 88.7 billion, while imports from non-EU countries fell by 3.4% to 21 billion kuna.
Viewed in euros, exports totalled €8.9 billion, up 8.3%, while imports went up by 7.1% to €14.8 billion. The foreign trade deficit was €5.8 billion, up from €5.56 billion at the same time last year.
EU exports amounted to slightly over €6 billion, an increase of 6.8%, and non-EU exports rose by 11.6% to €2.9 billion. EU imports increased by 9.9% to €11.9 billion and non-EU imports declined by 3.3% to €2.8 billion.
The DZS revised upwards its data for the first six months of the year, saying that exports increased by 5.5% to 54.7 billion kuna and imports rose by 7.4% to 93.4 billion kuna. Initial data showed that exports increased by 5.1% and imports by 6.8%.
In the first half of the year the foreign trade deficit was 38.7 billion kuna and the coverage of imports by exports was 58.5%.
Viewed in euros, exports in the first half of 2019, compared with the first half of 2018, rose by 5.8% to €7.4 billion and imports went up by 7.6% to €12.6 billion. The foreign trade deficit was €5.2 billion.
More economy news can be found in the Business section.
