FOREIGN TRADE IN GOODS
The total export of the Republic of Croatia from January to October 2022, according to provisional data, amounted to 148.8 billion kuna and it was 37.1 billion kuna, or 33.2%, higher than in the same period of 2021. The total import of the Republic of Croatia amounted to 261.4 billion kuna, which was an increase of 87.7 billion kuna, or 50.5%, compared to the same period of 2021.
Foreign trade deficit of the Republic of Croatia from January to October 2022 amounted to 112.6 billion kuna, which was 50.6 billion kuna, or 81.7%, more than in the same period of 2021.
In the period from January to October 2022, coverage of import by export was 56.9%, while in the period from January to October 2021, it amounted to 64.3%.
The most important foreign trade partners in export of the Republic of Croatia are EU Member States. Export to EU Member States from January to October 2022 accounted for 68.5% of the total export and increased by 34.3% compared to the same period of 2021.
The largest foreign trade partners from the EU from January to October 2022, observing data in kuna, were Italy – increase in export of 26.4% (share in total export of 12.4%), Germany – increase in export of 19.4% (share in total export of 11.3%) and Slovenia – increase in export of 40.4% (share in total export of 11.3%).
Export to non-EU Member States increased by 30.9% from January to October 2022 compared to the same period of 2021, and accounted for 31.5% of the total export. The largest foreign trade partners outside the EU, with which the Republic of Croatia realised trade in goods from January to October 2022, were its neighbouring countries Bosnia and Herzegovina and Serbia. In the observed period, export to Bosnia and Herzegovina increased by 59.5% (share in total export of 10.6%), while export to Serbia increased by 66.2% (share in total export of 5.6%).
The most important foreign trade partners in import of the Republic of Croatia are EU Member States. Import from EU Member States from January to October 2022 accounted for 69.9% of total import and increased by 37.4% compared to the same period of 2021.
Import from Italy increased by 61.5% (share in total import of 13.3%), from Germany by 23.4% (share in total import of 12.2%) and from Slovenia by 48.5% (share in total import of 10.8%).
Import from non-EU Member States from January to October 2022 accounted for 30.1% of total import of the Republic of Croatia and increased by 93.6% compared to the same period of the previous year. From January to October 2022 compared to the same period of 2021, import from the USA increased significantly, by 829.9%, which accounted for 7.7% of the total import, and mostly refers to liquefied natural gas.
Foreign Trade in Goods of the Republic of Croatia with the Russian Federation and Ukraine
From January to October 2022, export to the Russian Federation amounted to 1.1 billion kuna and increased by 0.7% compared to the same period of 2021 (share in total export of 0.7%). The most exported goods were medicinal and pharmaceutical products, worth 602.2 million kuna, essential oils and resinoids; perfumery, cosmetic or toilet preparations, worth 98.2 million kuna, general-purpose industrial machinery, n. e. c., worth 80.2 million kuna, and clothes, worth 76.4 million kuna, which was a decrease of 44.3%, or 60.8 million kuna, for the observed period.
Import from the Russian Federation in the same period amounted to 3.5 billion kuna and increased by 7.2% (share in total import of 1.3%). The most imported goods were petroleum and petroleum products (oils and other products of the distillation of high temperature coal tar, and lubricating oils and other oils), worth 1.8 billion kuna, hard coal, coke and briquette, worth 860.4 million kuna, and non-ferrous metals, worth 535.8 million kuna. In the period from January to October 2022, the import of gas, natural and industrial, decreased by 546.2 million kuna, or 98.2%, compared to the same period of 2021.
From January to October 2022, export to Ukraine amounted to 485.2 million kuna and increased by 49.8% compared to the same period of 2021 (share in total export of 0.3%). The most exported goods were clothes, worth 115.7 million kuna, miscellaneous manufactured articles, n. e. c., worth 88.3 million kuna, and special-purpose machinery, worth 56.8 million kuna. In the observed period, the export of medicinal and pharmaceutical products decreased the most, by 74.3%, or 102.9 million kuna.
At the same period, import from Ukraine amounted to 427.9 million kuna and increased by 69.1% (share in total import of 0.2%). The most imported goods were cereals and cereal products, worth 85.7 million kuna, products of cork and wood, worth 73.0 million kuna, and oil seeds and oleaginous fruits, worth 53.2 million kuna. In the observed period, the import of cereals and cereal products increased the most, by 83.3 million kuna.
