Croatian Exports Growing Impressively
- New Europe Investor
- September 09, 2015
Croatian exports for the first six months of 2015 increased by 12.2% compared to the same period last year according to the Central Bureau of Statistics (CBS).
During this time, imports increased by 6.3% showing a continued improvement in the economic performance of the country.
Expressed in euros, Croatia exported €5.5 billion worth of goods in the first six months of 2015, whilst imports came to €9.02 billion.
Croatia exported 67% of its goods to the European Union, according to statistics. Exports totalled €3.7 billion in the first six months of the year. This figure is 17% higher than the same period last year, reflecting Croatia’s status as the EU’s newest member.
Exports to countries in the Central European Free Trade Agreement (CEFTA) countries fell by 0.7% to €957 million. These countries include; Albania, Bosnia & Herzegovina, Macedonia, Moldova, Montenegro, Serbia, Kosovo and Croatia.
The largest Croatian individual trade partner is Italy, of which Croatia exported €747 million worth of goods in the first six months of 2015, an increase of 2.9% on the same period last year.
The news is hugely encouraging for Croatia, which only this year came out of six consecutive years of recession.