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Croatia's exports increase by 14%, imports by 11.9% in Jan-Oct 2017 

09.01.2018  14:16
Source: HINA
Croatia's goods exports increased by 14% in the January-October period of 2017 over the same period in 2016, while imports rose by 11.9%, according to revised figures released on Monday by the National Bureau of Statistics (DZS). The DZS revised upward its initial estimate of a 1.35% increase in exports and a 10.9% increase in imports.

According to the latest figures, in the first ten months of 2017 Croatia exported HRK 85.4 billion worth of goods and imported HRK 136.5 billion. The foreign trade deficit was HRK 51.1 billion, and coverage of imports by exports was 62.6%.

Viewed in euros, exports rose by 15.3% to EUR 11.5 billion and imports increased by 13.2% to HRK 18.3 billion. The foreign trade deficit was EUR 6.9 billion. The manufacturing industry generated 88.8% of exports, worth EUR 10.2 billion, or 15% more than in 2016. Also, 87.2% of imports accounted for the manufacturing industry which grew by 11.8% to EU 16 billion.

The European Union remained the principal market for Croatian goods, with 64.8% of exports and 78% of imports relating to that market. Croatian exports to the EU amounted to EUR 7.4 billion, up 11.6%, while imports totalled EUR 14.3 billion, an increase of 12.4%.

Italy, Germany and Slovenia remain Croatia's main trading partners. Exports to Italy rose by 14.8% to EUR 1.55 billion, those to Germany reached EUR 1.41 billion, up 18%, while exports to Slovenia decreased by 0.8% to EUR 1.24 billion. At the same time, imports from Germany rose by 9.5% to EUR 2.9 billion, imports from Italy increased by 12.8% to EUR 2.4 billion, and imports from Slovenia went up by 8.7% to EUR 1.96 billion.

Croatia also recorded a significant increase in trade with CEFTA (Central European Free Trade Agreement) countries. Its exports to those countries increased by 22.4% to EUR 2.02 billion and imports rose by 20.5% to EUR 1.13 billion. Most of the CEFTA exports went to Bosnia and Herzegovina, increasing by 23.7% to EUR 1.14 billion, while imports from that country rose by 24.4% to EUR 571.4 million. Exports to Serbia amounted to EUR 550.5 million, up 30.2%, while imports from that country went up by 20.9% to EUR 482.1 million.

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