Croatia's exports and imports up by over 3% in January-May period

Croatian exports increased by 3.5% in the first five months of 2016 compared with the same period of 2015, while imports went up by 3.1%, according to preliminary figures released by the National Bureau of Statistics (DZS) on Friday.

In the period from January to May 2016, Croatia exported HRK 35.4 billion worth of commodities, while imports exceeded HRK 58.5 billion. The trade deficit was HRK 23.17 billion, an increase of 2.6% over the same period last year. Coverage of imports by exports increased by 0.2 percentage points, from 60.2% in May 2015 to 60.4% in May 2016.

Exports to other EU countries increased by 4.5% to nearly HRK 24 billion and imports from EU countries rose by 4.4% to HRK 46.5 billion. Exports to non-EU countries amounted to HRK 11.39 billion, up 1.5%, while imports from those countries dropped by 1.4% to HRK 12 billion.

(EUR 1 = HRK 7.490971)

Last update: Fri, 08/07/2016 - 13:28

More from Business

Trump meets with US carmakers to push for jobs

US President Donald Trump met with US carmakers Tuesday, part of his effort to pressure the manufacturers to build...

Samsung's quarterly profits more than double despite Note 7 debacle

Samsung's profits for the final quarter of 2016 were more than double the same period in the previous year, the...

Croatia presents investment opportunities to Alibaba

Representatives of the Chinese online company Alibaba are considering the Zadar area in Croatia as a location for...

Financial leaders in Davos optimistic about US, but see trade risk

The US economy will likely profit from the planned policies of its new president, as long as Donald Trump does not...

Facebook to build data centre in Denmark

The Danish city of Odense and social media giant Facebook announced on Thursday the city was to host a new European...