Keywords: international trade, Croatia, specialisation, imports, exports, import dependence, export propensity, openness, regional structure, trade patterns, technology, economic development
The analysis of the international trade and specialisation of the Croatian counties
The paper analyses international trade of goods of the Republic of Croatia by counties from 2001 to 2010. The analysis determines the significance of particular counties in the international trade of goods. Beside level of international trade, other indicators like imports dependence, exports propensity, openness and regional structure of exports are used in order to determine importance of international trade for each of individual county. Significant regional differences are found in the international trade pattern in various counties. The paper also analyses the exports concentration and specialisation of Croatian counties. Apart from exports structure defined by NKD 2007 classification, paper further deals with specialisation according to technology structure of exports. In the concluding chapter, the paper explores the connection between export propensity of particular counties, specialisation and the economic development. In accordance to the recent theoretical and empirical research, in the case of Croatian counties, a significant correlation between exports features, specialisation pattern and openness on one side and economic development on the other side is also found. Counties specialised in exports of high technology products are usually more developed than counties specialised in exports of lower technology products.