Croatia Grows its Exports by 11.7%

The growing trend of exports of Croatian goods has continued in the first seven months of this year, seeing an increase of 11.7 percent or nearly 4.7 billion kuna (616 million euros) compared to the same period last year, according to figures released today from the National Bureau of Statistics (CBS)…

From January till the end of July Croatia exported goods onto the international market worth 44.76 billion kuna (5.8 billion euros), which is 11.7% or 4.69 billion kuna (616 million euros) more than the same period in 2013. Imports also rose in the first 7 months of the year, up 3.9% from last year to 75.84 billion kuna (10 billion euros). The foreign trade deficit as a result dropped by 5.4% from the same period last year.

CBS data shows that the bulk of Croatia’s trade, around 65% of exports and 75% of imports, is still with EU member states. Although most trade is within the EU, there has been growth in the number of goods exported outside the Union (6.8% to 16 billion kuna (2.1 billion euros).