Growth in Exports Outstrips Imports

There has been a significantly higher percentage growth in the value of exports over imports in the first four months of the year...

According to data released today by the Central Bureau of Statistics, the value of exports, in Croatia’s local currency the kuna, grew by 15.8%, whilst imports grew by 8.8% compared to the same period last year. The export-import ratio is now at 58.3 %.

Croatian commodities exported in the first four months of the year totalled 24.5 billion kuna (3.2 billion euros), an increase of 3.34 billion kuna (440 million euros) from last year, whilst imports grew by 3.4 billion kuna to 42 billion kuna (5.5 billion euros).

Exports of machinery and equipment grew by 18.9% this year, whilst the export of chemicals and chemical products grew by 19.6%. The value of food products exported grew by 23.5%, wood and wood products by 36.5%, and clothing was up 58.3%. The value in pharmaceutical products had dropped 17.7%.

Food products continued to be the number of import into Croatia, up 20.1% from the same period last year, followed by chemicals and chemical products, and refined petroleum products.