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Croatia’s export trade amounted to $10.05 billion in 2010 and the country ranked 80th in the world. However, this figure was down from $14.36 billion in 2008.
Italy is Croatia's primary trade partner, being the largest import and export trade relation. Germany is also a key partner.
The major export commodities include transport equipment, machinery, textiles, chemicals, foodstuffs and fuels.
Croatia's primary export partners are Italy (18.9% of exports), Bosnia and Herzegovina (15.3%), Germany (10.7%), Slovenia (7.7%) and Austria (5.7%).
The following graph shows how the various countries contributed to the total export volume (in percentages):
As for Croatian imports, 2010 import trade was valued at $20.47 billion and ranked the country was the 66th in the world.
Import trade revenues declined from 2008 when import trade was valued at $30.42 billion.
The global crisis changed the face of monetary policy. Central banks deployed new tools to counter the effects of the crisis, which have reduced the risk of deflation, stabilised the financial system and calmed financial markets; but potential negative side effects remain. Two weeks ago, the IMF organized a major research conference, in honour of Stanley Fischer, on lessons from the crisis. Here is my take. I shall focus on what I see as the lessons for monetary policy, but before I do this, let me mention two other important conclusions. Read more
Mario Blejer & Eduardo Levy Yeyati,
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