FOREIGN TRADE IN GOODS
The COVID-19 pandemic has directly affected international trade in goods; therefore, in the period from January to June 2020, its effects on the foreign trade in goods of the Republic of Croatia are also noticeable. According to provisional data, from January to June, total export of the Republic of Croatia amounted to 6.9 billion euros, while total import was 11.1 billion euros. Foreign trade deficit amounted to 4.3 billion euros in the observed period, which was 19.7% lower than in the same period of the previous year.
The most important foreign trade partners of the Republic of Croatia were EU Member States. In the first six months of 2020, the EU market had a share of 76.4% in the total foreign trade in goods of the Republic of Croatia. The largest foreign trade partners from the EU in the first six months of 2020, observing in euros, were Germany, with a share of 14.5%, Italy, with a share of 12.3%, and Slovenia, with a share of 11.1%. The largest foreign trade partners outside the EU, with which the Republic of Croatia realised trade in goods in the first six months, were its neighbouring countries Bosnia and Herzegovina as well as Serbia. In the first half of 2020, Bosnia and Herzegovina had a share of 5.0% and Serbia of 3.3% in the total foreign trade in goods of the Republic of Croatia.
Observing the total export of the Republic of Croatia in the first six months of 2020, which amounted to 6.9 billion euros, the most exported goods were electrical machinery, appliances and devices, worth 515.7 million euros, medicinal and pharmaceutical products, worth 469.6 million euros, as well as petroleum and petroleum products, worth 467.1 million euros. At the same time, the total import of the Republic of Croatia amounted to 11.1 billion euros. In the first six months of 2020, the most imported goods were medicinal and pharmaceutical products, worth 859.1 million euros, road vehicles, worth 751.6 million euros, as well as petroleum and petroleum products, worth 734.2 million euros.
