Croatia among EU countries with two-digit export growth rate

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Croatia has maintained its position among the European Union countries that recorded two-digit export growth in the first eight months of the year, according to a report by the EU’ statistical office Eurostat released on Friday.

Croatia’s commodity exports in January-August 2015 increased by 11% compared with the same period in 2014, which was one percentage point less than in the first seven months of the year. Croatia recorded the same growth rate as the United Kingdom, and higher rates were recorded only by Cyprus and Ireland, of 25% and 21% respectively.

Croatia also saw a 16% increase in exports of goods to other EU countries. Only Ireland recorded a higher rate, of 22%. Two-digit rates of between 11% and 15% were also recorded by Greece, Poland, Luxembourg and Cyprus.

Croatia’s exports to third countries rose by 3% in the January-August period. The highest rate, of 40%, was recorded by Cyprus, followed by Malta (+27%) and the UK (+21%).

Croatia’s imports in the first eight months of 2015 went up by 6% in comparison with the same period in 2014. The highest rate of total imports in the eight-month period was recorded by Malta (+16%), followed by Ireland (+14%) and the UK (+10%).

Croatia’s imports from other EU countries rose by 10%. Malta recorded the highest rate of imports, of 13%, followed by Ireland at 12%.

Croatia’s commodity imports from third countries fell by 5%. The highest increase in imports from third countries was recorded by Luxembourg, of as much as 55%, and the largest decrease was registered by Finland, of 22%.

“The first estimate for extra-EU28 exports of goods in August 2015 was €131.8 billion, up by 7% compared with August 2014 (€123.1 bn). Imports from the rest of the world stood at €134.1 bn, up by 1% compared with August 2014 (€133.1 bn). As a result, the EU28 recorded a €2.3 bn deficit in trade in goods with the rest of the world in August 2015, compared with -€10.0 bn in August 2014. Intra-EU28 trade rose to €215.3 bn in August 2015, +4% compared with August 2014.

“The first estimate for euro area (EA19) exports of goods to the rest of the world in August 2015 was €148.3 billion, an increase of 6% compared with August 2014 (€140.5 bn). Imports from the rest of the world stood at €137.1 bn, a rise of 3% compared with August 2014 (€133.1 bn). As a result, the euro area recorded a €11.2 bn surplus in trade in goods with the rest of the world in August 2015, compared with +€7.4 bn in August 2014. Intra-euro area trade rose to €114.7 bn in August 2015, up by 2% compared with August 2014,” Eurostat said.

(Hina)

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