Monday, 9 May 2022

Exports in Q1 up 36.6%, imports +41.2%

ZAGREB, 9 May 2022 - In the first three months of 2022, the value of Croatia's commodity exports totalled HRK 41.7 billion, up 36.6% on the year, while imports increased by 41.2% to HRK 67.4 billion, the Croatian Bureau of Statistics (DZS) reported on Monday.

The foreign trade deficit in that period amounted to HRK 25.6 billion, 8.5 billion more on the year, while the coverage of imports by exports was 61.9%, whereas in the comparable period of 2021 it was 64%.

The export of goods to the EU in Q1 totalled HRK 30.2 billion, 42.9% more on the year, while imports from the EU increased by 31.8% to HRK 50 billion.

Exports to non-EU countries increased by 22.6% to HRK 11.6 billion while imports from non-EU countries soared by 78% to HRK 17.3 billion.

Expressed in euros, Croatia's commodity exports in Q1 totalled €5.5 billion, an increase of 37.1% from Q1 2021, while imports increased by 41.8% to €8.9 billion.

The foreign trade deficit amounted to €3.4 billion in that period.

Goods exported to the EU in Q1 totalled €4 billion, an increase of 43.4% compared to Q1 2021, while exports to non-EU countries increased by 23.1% to €1.5 billion.

Goods imported from the EU totalled €6.6 billion (+32.3%), while imports from non-EU countries soared by 78.7%% to €2.3 billion.

(€1 = HRK 7.544176)

For more, make sure to check out our dedicated business section.

Wednesday, 26 August 2020

Croatia's Plum Production Falling, Imports Rising

ZAGREB, Aug 26, 2020 - Plums are increasingly in demand in the EU, however, Croatia's results in growing this fruit oscillate, as plum growing is often affected by weather conditions as it was this year, hence imported plums are dominating the market, an analysis by the Smarter consulting company said on Wednesday.

According to Smarter, which specializes in agriculture and food industry consulting, problems in the production of plums over the past few years have led to many large producers backing out of this business.

Croatia's plum production has recorded significant oscillations in recent years, Smarter underscored, supporting its claims with figures saying that in 2018, a record high 14,487 tonnes were produced whereas in 2014 just over 8,000 tonnes were produced.

This year due to poor weather conditions, the plum crop is expected to be quite bad, Smarter said and added that currently, the offer for plums is good however "the market is dominated by imported plums."

Smarter added that Serbia produces about 500,000 tonnes of plums annually and Bosnia and Herzegovina's plum crop is between 150,000- 200,000 tonnes. Romania too produces about 500,000 tonnes of plum annually and in 2018 its plum crop was a record high, 830,000 tonnes.

Data from the State Bureau of Statistics (DZS) indicate that back in 2008, Croatia produced 48,614 tonnes of plums with more than 32,000 being for its own needs through extensive cultivation while in 2019 production was only 9,403 tonnes," Smater's Miroslav Kuskunovic said.

According to official data, plums are cultivated on 4,500 hectares mostly in Slavonia and Baranja.

Last year 2,535 tonnes of fresh plums were imported with a value of €1.5 million while the country exported 845 tonnes for only €540,000.

Most imported plums came from Serbia (913 tonnes), Moldova (619 tonnes), North Macedonia (427 tonnes) while last year Croatia export 389 tonnes of plums and 57 tonnes of prunes.

At the same time, Croatia imported almost one thousand tonnes of prunes valued at €2 million, two-thirds of which were imported from Chile and Serbia.

Smarter underscored that European analyses indicate that the plum is one of the fruits with the most prospects for exporting in Europe and its market value in the EU exceeds €300 million.

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