Croatia’s trade volume with Russia seven times larger than with Ukraine

NEWS 24.02.202214:07
Pixabay / Ilustracija

According to the latest data from the Croatian chamber of commerce HGK, about 100 Croatian companies exported goods to Ukraine in 2021, and these were primarily medical and pharmaceutical products, state agency Hina reported on Thursday, in the wake of the Russian invasion of Ukraine.

According to the latest data from the state statistics bureau, the total trade between Croatian and Ukraine from January to November 2021, amounted to $103.4 million, up by 7.4 percent from the same period in 2020. In that period Croatia exported $58 million worth of goods, which is a fall of 3.5 percent, and at the same time imports increased by 25 percent to $46 million.

On the other hand, the trade between Croatia and the Russia – after EU sanctions had been introduced in 2014 – amounts to about $500 million per year. In 2019 it totaled $504 million, and in 2020 the volume dropped to $467 million. At the end of November 2021, trade amounted to $742 million which is an increase of 17.3 percent year-on-year. Exports to Russia during that period amounted to $216 million (up by 24 percent) while imports amounted to $525 million (up by 109 percent).