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Croatian exports up 28.2 pct, imports 17 pct

ZAGREB, Dec 30 (Hina) - In the first 11 months of this year Croatiaexported 44 billion kuna, or USD7.25 billion, in commodities andimported 91.19 billion kuna, or USD15.02 billion, the National Bureauof Statistics said in a report on Thursday.
ZAGREB, Dec 30 (Hina) - In the first 11 months of this year Croatia exported 44 billion kuna, or USD7.25 billion, in commodities and imported 91.19 billion kuna, or USD15.02 billion, the National Bureau of Statistics said in a report on Thursday.

In kuna terms, Croatian exports rose by 15.7 per cent and imports by 5.7 per cent in the reported period. In dollar terms, exports increased by 28.2 per cent and imports by 17 per cent.

The difference is the result of a 9.7 per cent fall in the dollar exchange rate against the kuna and the impact of the euro exchange rate on the US dollar, since about 70 per cent of Croatian trade is carried out in euros.

The foreign trade deficit in the first 11 months was 47.2 billion kuna, or USD7.77 billion, while the export-import ratio was 48.2 per cent.

In November, exports amounted to 4.3 billion kuna, or USD742.05 million, and imports reached 8.7 billion kuna, or USD1.5 billion. The export-import ratio was 49.3 per cent that month.

The export-import ratio was at a record high in September, when it reached 52.9 per cent. It was lowest in July when it stood at 39.9 per cent.

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