Croatia's trade gap shrinks 1.1% to EUR 6.5bn in 2012 stats office.

By bne IntelliNews February 1, 2013
Croatia's foreign trade deficit, measured in the local kuna currency, shrank 1.1% to HRK 49.3bn (EUR 6.5bn) in 2012, the statistics office said. According to IntelliNews calculations, the gap accounted for 14.4% of the projected full-year GDP as compared to 14.9% of GDP in 2011. In Jan-Dec, imports widened by an annual 0.4% to HRK 121.5bn, while exports increased by 1.4% on the year to HRK 72.2bn. The Jan-Dec trade deficit reached, down on the year. In December alone, however, the trade gap widened 28.2% on the year to HRK 3.28bn (EUR 435.8mn) after shrinking 30.8% in November. Exports went down an annual 18.4% to HRK 5.1bn in December, following a 23.2% yearly increase in the previous month. Imports dropped 4.9% on the year to HRK 8.4bn in December after falling 1.3% on the year a month earlier. In full 2012, imports of transport equipment and parts and accessories thereof rose the most compared to 2011 - by 7.4%, followed by fuels and lubricants, which saw a 5.2% increase, and imports of goods with a rise of 4.2%. Within the Jan-Dec exports, the highest annual increases were seen in the segments of goods, up 40.8%, and fuels and lubricants, up 15%, while the highest drop was reported in transport equipment and parts and accessories thereof, down 18.5%. The industrial sector classification indicated that the annual increase in Jan-Dec imports was mainly fuelled by a 22.3% rise in electricity, gas, steam and air conditioning supply and 4.4% increase in mining and quarrying. In the twelve-month export structure the highest growth was recorded in electricity, gas, steam and air conditioning supply (up 89.9% on the year), while the highest drop was seen in professional, scientific and technical activities (down 96% on the year).

Related Articles

Croatian govt to acquire four companies part of 3.Maj shipyard.

The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be ... more

Croatias Dukat to make takeover bid for Slovenias Ljubljanske Mlekarne.

Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more

Croatia's construction output down 2.1% y/y in Jan 2013.

Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more

Dismiss