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Photograph: Pixabay.com / geralt

Commodity exchange between Croatia and Slovenia has continually increased since 2009 and that growth accelerated when Croatia joined the European Union, and that trend is continuing this year with trade in Q1 amounting to 795 million euro, the Slovenian government's economic analysis office - UMAR - reported on Wednesday.

According to UMAR's data, as the exchange of commodities is growing, Croatia's trade deficit with Slovenia is decreasing owing to an increase in imports of Croatian goods after the Mercator retail chain was taken over by Croatia's Agrokor company.

Slovenian exports to Croatia last year increased by just over 5% while imports from Croatia to Slovenia increased by 26%. Croatia's trade deficit with Slovenia in Q1 was reduced on the year and amounted to 154 million euro.

According to data from the Slovenian Chamber of Commerce, commodity exports from Slovenia to Croatia last year amounted to 1.871 billion euro and imports from Croatia amounted to 1.37 billion euro.

Official Slovenian sources say that mutual investments between the two countries have grown significantly over the past few years. According to Slovenia's central bank, Croatia is the fourth largest investor in Slovenia. By the end of 2014, Croatians had invested 777 million euro in Slovenia, which accounted for 7.7% of all foreign investments in that country.

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