Exports in first four months up 2.4 pct, imports soar 3.9 pct

Croatia's commodity exports in the first four months of 2016 increased by 2.4% on the year, reaching HRK 27.8 billion, while imports rose by 3.9% to HRK 46.8 billion, according to revised figures provided by the national statistical office (DZS) on Thursday.

Preliminary figures showed that exports rose by 1.5% on the year to HRK 27.5 billion and that imports grew at the rate of 2.1%, reaching HRK 45.98 billion.

The foreign trade deficit in the first four months was HRK 19 billion or 1.1 billion more than in the same period in 2015. The export-import ratio was 59.3%.

Croatia's biggest foreign trade partner was the European Union where in the first four months of 2016 the country exported HRK 18.75 billion worth of goods or 2.6% more than in the same period the year before. Imports from the EU were up 6.2%, reaching HRK 37.7 billion.

Exports to CEFTA member-countries in the said period amounted to HRK 4.47 billion or 4.8% less than last year, while imports went up 22.9% to 2.67 billion kuna.

Broken down by individual countries, Croatia's biggest foreign trade partner partners were again Germany, Italy and Slovenia.

Exports to Germany in the first four months amounted to HRK 3.5 billion or 12.7% more while imports totalled 7.7 billion or 8.8% more on the year.

Exports to Italy reached HRK 3.8 billion or 6.8% more on the year while imports totalled 6.3 billion or 0.2% more on the year.

Croatia exported 3.5 billion kuna worth of goods to Slovenia or 1.7% more, while imports from that country in the first four months of 2016 amounted to HRK 5.1 billion or 6.7% more on the year.

Expressed in euros, Croatia's exports in the January-April 2016 period reached 3.65 billion or 3.3% more on the year, while imports totalled 6.15 billion or 4.8% more on the year. The foreign trade deficit in the first four months of 2016 amounted to EUR 2.5 billion.

Last update: Thu, 07/07/2016 - 14:41
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