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Exports up 6.1 pct, imports up three pct

ZAGREB, April 5 (Hina) - Croatia's exports in this year's first twomonths were close to 7.25 billion kuna or USD1.26 billion, whileimports were 13.7 billion kuna or in excess of USD2.3 billion,according to figures the Central Bureau of Statistics released onTuesday.
ZAGREB, April 5 (Hina) - Croatia's exports in this year's first two months were close to 7.25 billion kuna or USD1.26 billion, while imports were 13.7 billion kuna or in excess of USD2.3 billion, according to figures the Central Bureau of Statistics released on Tuesday.

The export-import ratio was 52.9 per cent, while the foreign trade deficit was 6.45 billion kuna or in excess of USD1.11 billion.

Expressed in the national currency, exports in January-February were up 6.1 percent from the same time in 2004, while imports were up three percent. Expressed in US dollars, exports went up 11.7 percent and imports 8.5 per cent. This difference was due to the dollar's five per cent decrease in relation to the kuna in said period.

The European Union remained Croatia's chief foreign trade partner. Croatia's exports there amounted to USD853.3 million, while imports from the EU were USD1.54 billion. Exports to the EU went up 16.3 per cent, while imports were up only one per cent.

Croatia exported the most to Italy -- USD283.27 million -- up 37.1 percent, while importing the most from Germany -- USD352.7 million -- up two per cent.

Croatia's second biggest export market was Germany (USD158.5 million), followed by Bosnia-Herzegovina (USD141.47 million).

After Germany, Croatia imports the most from Italy -- USD348.75 million -- down 0.3 per cent.

Croatia's imports from neighbouring Bosnia were USD54.25 million, up 23.3 per cent.

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