Croatia's January-May exports drop 9 pct year-on-year, imports drop 14.4 pct

Croatia's January-May exports drop 9 pct year-on-year, imports drop 14.4 pct

Croatia's January-May exports drop 9 pct year-on-year, imports drop 14.4 pct Izvor: Pixabay

The value of Croatia's exports in the first five months of 2020 amounted to 41.9 billion kuna (€5.5 billion), or 9 percent down in from the same period in 2019. In the same period, imports dropped by 14.4 percent to 68.5 billion kuna (€9 billion), the state stistics bureau DZS said on Thursday.

The total foreign trade deficit in the period from January to May was 26.5 billion kuna (3.5 billion), while the coverage of imports by exports was 61.3 percent.

Exports to other EU member states in the January-May 2020 period reached 29.6 billion (3.9 billion), down 5.3 percent year-on-year, and imports from those countries fell by 15.5 percent to 55.1 billion kuna (7.3 billion).

Exports to non-EU countries contracted by 16.7 percent to 12.3 billion kuna (€1.6 billion) and imports dropped by 9.4 percent to 13.4 billion kuna (1.8 billion).

(1 = 7.55 kuna)

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