Exports in first 11 months of 2023 down by 5%, imports 5.2%

The value of Croatian commodity exports in the first 11 months of 2023 was €21В billion, 5% down from the same period of 2022, while imports totaled €36.4В billion or 5.2% down, show preliminary data from the national statistical office (DZS).

The foreign trade deficit in the first 11 months thus reached €15.4 billion, and the ratio of exports to imports was 57.7% as against 57.6% in the same period of 2022.

From 1 January to 30 November, Croatia exported €14.3 billion worth of goods to other EU countries or 6.2% less than in the same period of 2022. The value of commodity imports from EU members was 3% up to €27.9В billion.

As for exports to non-EU countries, the statistics show a 2.3% drop, to €6.7В billion. At the same time, commodity imports from non-EU countries decreased by 24.9% to €8.5В billion.

The national statistical office on Tuesday also released revised data on trade in the first ten months of this year, which show that exports in that period shrank by 4.4% to €19В billion, while imports dropped by also 4.4% to €33.3В billion.