ZAGREB, May 30 (Hina) - An export-import ratio of a mere 45.5%, a foreign deficit largely exceeding the value of exports and a considerably slower growth of exports in relation to imports are some of the characteristics of Croatia's
foreign trade in this year's first four months.
ZAGREB, May 30 (Hina) - An export-import ratio of a mere 45.5%, a
foreign deficit largely exceeding the value of exports and a
considerably slower growth of exports in relation to imports are
some of the characteristics of Croatia's foreign trade in this
year's first four months. #L#
From January through April 2003, exports totalled 13.2 billion
kuna, an increase of 7.3 percent compared to the same period last
year. At the same time, imports slightly exceeded 29 billion kuna,
recording an increase of 13.2 percent. The foreign trade deficit
totalled 15.8 billion kuna, according to data released on the
Central Bureau of Statistics' web site on Friday.
Due to a significant drop, some 16.8 percent, in the value of the
dollar in relation to the kuna, trade growth rates expressed in
dollars are much higher than those expressed in kuna.
Expressed in dollars, Croatia's exports in the first four months
totalled 1.88 billion, an increase of 29 percent compared to the
same period last year, while imports totalled 4.13 billion, an
increase of 36.1 percent.
The export-import developments resulted in a foreign trade deficit
totalling US$2.25 billion, as much as 42.6 percent more than in last
year's first four months.
Croatia exported $418 million and imported 1.18 billion worth of
goods in April alone, which sank the export-import ratio to a mere
35.5%.
(1 USD = 6.43 kuna)
(hina) rml sb