Croatia Agriculture Production Grows by 1 Billion Kuna in 2020

By 7 January 2021
Croatia agriculture has grown by almost one billion kuna in a year
Croatia agriculture has grown by almost one billion kuna in a year © Romulić & Stojčić

January 7, 2021 – Within the last month, TCN was pleased to report that Croatia agriculture and food exports had jumped considerably in 2020, while imports of the same had fallen. The success of Croatia agriculture in 2020 has been confirmed by a new report which shows that the industry has grown by almost one billion kuna in a year

The success of the Croatia agriculture sector in 2020 was detailed in a report by Smarter, a consulting company specialising in the agriculture and food industry. Vecernji List published their coverage of the report in recent days.

In the report, figures show that the value of Croatia agriculture production increased by 4.7% compared to the same period during the previous year. Croatia agriculture revenue, therefore, jumped from 17.9 billion HRK to 18.8 billion, an increase of almost one billion kuna. The 12 month period of Croatia agriculture used to compile the figures ends in November within each comparative year.

Figures show that Croatia agriculture experienced excellent results in crop production (wheat, soybeans, corn, etc). This contributing evidence goes some way to explain the good news TCN reported back in December that, according to the country's Central Bureau of Statistics, the total value of Croatia agriculture and food exports in the period from January to September 2020 amounted to 1.7 billion Euros, an increase of 5 percent from the same period in 2019. Within the same period, the value of agricultural and food imports into Croatia was 2.5 billion Euros, a decline of 7.3 percent from last year.

The result of the 2020 successes in Croatia agriculture has been a reduction in the foreign trade deficit by 26.6% in the agriculture and food sector. The improvement in 2020 is being partly attributed to grants and payments under the Rural Development Program (RDP), which have grown significantly creating a stimulus that in part affected the growth of the value of production and the amount that was produced. Increasing profits within the country's agriculture sector is being catalysed by adding value to the raw product which is grown here, via processing and other methods, which happens prior to export taking place.