Business

Croatia's January Exports Up by 43.7%, Imports by 43.9%

By 11 March 2022
Croatia's January Exports Up by 43.7%, Imports by 43.9%
Image: Pixabay

ZAGREB, 11 March (2022) - Croatia exported HRK 12.3 billion worth of commodities in January 2022, which is an increase of 43.7% over the same period in 2021, while imports rose by 43.9% to HRK 18.8 billion, according to initial data released by the National Bureau of Statistics on Friday.

The foreign trade deficit was HRK 6.6 billion, increasing by 2 billion from January 2021. Coverage of imports by exports was 65.1%.

Exports to EU member states rose by 50.4% from January 2021 to HRK 8.97 billion, while imports increased by 27.4% to HRK 13.6 billion.

Exports to non-EU countries grew by 28.3% to HRK 3.3 billion, and imports from those countries rose by 117.1% to HRK 5.2 billion.

Expressed in euro, exports totalled €1.6 billion, up 44.1% year on year, while imports grew by 44.4% to €2.5 billion. The trade deficit was €874.6 million.

The value of EU exports was €1.2 billion, which is an increase of 50.8% compared with January 2021, while imports rose by 27.8% to €1.8 billion.

Exports to non-EU countries went up by 28.6% to €439.7 million, and imports increased by 117.6% to €697.9 million.

Data for the whole of 2021 shows that exports increased by 28.2% to HRK 143.7 billion and imports by 23.5% to HRK 213 billion compared with 2020.

The trade deficit was HRK 69.3 billion, and coverage of imports by exports was 67.5%.

Expressed in euro, last year exports totalled €19.1 billion, increasing by 28.2% year on year, while imports grew by 23.5% to €28.3 billion. The trade deficit was €9.2 billion.

(€1 = HRK 7.560109

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