Goods exports in first 5 months of 2016 up by 4.3%, imports by 4.7%

Croatia's commodity exports in the first five months of 2016 went up 4.3% on the year, amounting to HRK 35.7 billion, while imports went up 4.7%, reaching HRK 59.5 billion, the national statistical office said on Monday.

The foreign trade deficit in said period was HRK 23.8 billion, HRK 1.3 billion higher than in the first five months of 2015. The export-import ratio was 60%.

Expressed in euros, exports in the first five months in 2016 amounted to 4.7 billion, up 5.3% on the year, while imports totalled 7.8 billion (+5.7%). The foreign trade deficit amounted to EUR 3.1 billion.

The European Union remained the most important market for Croatian products, with exports reaching HRK 24.3 billion (+5.8%), while imports went up 6.4% to HRK 47.5 billion.

Exports to Central European Free Trade Agreement countries reached HRK 5.7 billion (-4.3%), while imports jumped 19.7% to HRK 3.4 billion.

Germany, Italy and Slovenia remained Croatia's main trade partners. Commodity exports to Germany in the first five months of 2016 amounted to HRK 4.5 billion (+13.6%), while imports stood at HRK 9.7 billion (+9.6%). Exports to Italy reached nearly HRK 5 billion (+8.6%), while imports were HRK 7.9 billion (+0.7%). Exports to Slovenia totalled HRK 4.5 billion (+6.5%) and imports to HRK 6.5 billion (+9.5%).

Last update: Mon, 08/08/2016 - 12:34

More from Business

Greek ferry services remain disrupted as strike extended to Friday

Ferry services in Greece will remain disrupted through the week, after a seafarers' union extended an ongoing strike...

Belgrade Stock Exchange joins SEE Link

The Belgrade Stock Exchange (BELEX) has been connected to the South-East European Link, a project started by...

European investors shrug at Renzi resignation after failed referendum

 European markets on Monday shrugged off this weekend's failed constitutional reform referendum in Italy.

US unemployment rate dips to 9-year low

The US unemployment rate fell in November to 4.6 per cent, a nine-year low, the Bureau of Labour Statistics said...

Chinese firm building full-size Titanic replica for tourists

Construction has begun on the world's first full-size replica of the Titanic in China, a country that fell in love...