Croatia exports down by 6.5%, imports down by 11.1%

ZAGREB, Oct 9 (Hina) – The value of Croatian commodity exports in the first eight months of 2020 was HRK 69.5 billion, 6.5% down from the same period of last year, while imports dropped by 11.1% to HRK 111.1 billion, according to the latest figures from the national statistical office.

The foreign trade deficit in the first eight months was down 17.9% from the same period of last year, totalling HRK 41.6 billion.

A total of HRK 48.5 billion worth of commodities was exported to EU member countries in the first eight months, a 3.4% drop from the same period of last year. Exports to non-EU members dropped by 13.1% to HRK 20.9 billion.

The value of commodity imports from EU member countries dropped by 11.4% to HRK 89.1 billion while the value of imports from other countries dropped by 10% to close to HRK 22 billion.

Expressed in euros, Croatian commodity exports in the first eight months totalled €9.2 billion, a year-on-year decrease of 7.9%, while imports dropped by 12.4% to €14.8 billion.

The foreign trade deficit was €5.5 billion.

Exports to EU member-countries amounted to €6.5 billion or 4.7% less than in the same period of last year. At the same time, exports to non-EU countries dropped by 14.3% to €2.8 billion.

The value of imports from EU member countries dropped by 12.7% from the first eight months of 2019 to €11.85 billion, while the value of imports from non-EU member countries dropped by 11.3% to €2.9 billion.

Exports in first seven months down 7.1%, imports 11.5%

The statistical office also published the latest data on trade in the first seven months which show that exports, expressed in kuna, dropped by 7.1% to HRK 61.96 billion while imports dropped by 11.5% to HRK 98.8 billion.

This is a correction of the office’s preliminary statistics which put the value of commodity exports in the first seven months at HRK 61.5 billion, 7.7% down from the same period of last year, while imports dropped by 11.9% to HRK 98.3 billion.

According to the latest data, the foreign trade deficit in the first seven months totalled HRK 36.8 billion, and the export-import coverage ratio was 62.7%.

Expressed in euros, exports in the first seven months dropped by 8.3% to €8.2 billion, while imports dropped by 12.7% to €13.1 billion.

The foreign trade deficit was €4.9 billion.