Monday, 30 May 2022

Exports in 2021 Up 29%, Imports by 24%

ZAGREB, 30 May 2022 - Croatia's commodity export in 2021 totalled HRK 144.3 billion, up by HRK 32 billion or 29% on the year, while import was valued at HRK 214 billion, up by 42 billion of 24%, the Croatian Bureau of Statistics (DZS) reported on Monday.

The foreign trade deficit was around HRK 70 billion, increasing by about HRK 9 billion (+16%) from 2020.

The export-import ratio was 67.5% in 2021, whereas in 2020 it was 65%.

With a share of 81% in the total export in 2021, the manufacturing industry generated an increase in exports of about 21%, to HRK 116.3 billion thus contributing the most to overall export trends.

The manufacturing industry contributed the most also to import growth in 2021, accounting for 87% of all imports and an increase in imports of 19% from 2020, to HRK 186.4 billion.

Croatia's most important foreign trade partners in 2021 were EU member states, for 70% of the total exports and about 77% of the total imports.

In 2021, commodity exports to the EU totalled HRK 100 billion, up 31.3% on the year, while imports increased by 20.1% to HRK 163.9 billion.

The biggest foreign trade partners from the EU in 2021 were Germany, Italy and Slovenia.

Trade of goods with non-EU member states accounted for about 30% of the total export in 2021, an increase of about 23%, and for about 23% of the total import, which increased by about 39% compared to 2020.

The biggest foreign trade partners outside the EU in 2021 were Bosnia and Herzegovina, the United States and Serbia.

For more, check out our business section.

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