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Top 100 Commodity Net Exporters: The Heroes of Our Time

<p>Top 10 robnih neto izvoznika</p>
Top 10 robnih neto izvoznika / Image by: foto

In the editorial office of Lider, we suffer from a collective allergy to the summer counting of every tourist. This is not due to an unwillingness towards tourism, which is an absolutely indispensable element for the success of the Croatian economy. The problem is that the media have long swallowed the cuckoo’s egg of tourism that politics has served them as a crucial factor, if not for the survival of the state, then at least as a key to surviving the winter. The thesis is that we will retain wages and employment during the winter only if we earn enough in the summer. And so Croatia has been trembling for decades, even before ‘Game of Thrones’, under the slogan of R. R. Martin: Winter is coming! Indeed, winter is coming, so what?

Trucks More Powerful Than Tourism

Due to such a perception of all-powerful tourism, we have started counting trucks that are being exported from Croatian companies on the Lider portal. These trucks carried goods worth almost sixty percent more than the total tourist revenue to other countries last year.

The hundred exporters on the ranking list achieved 4.3 billion euros in net exports last year, while all other entrepreneurs barely exceeded positive zero in foreign trade – only 182 million euros. In other words, the top hundred account for 96 percent of Croatia’s net exports!

In the printed edition of Lider, we published that the largest commodity net exporter is Coca-Cola HBC, but the company warned us that this is not accurate data. We used data from annual financial reports, which indeed stated that Coca-Cola’s export was 176 million euros. However, the company later corrected this figure to 29 million euros. However, they only stated this in notes which, as explained by Fina, are not part of the standard set of documentation, but only explain what is stated in the report.

Regardless, Coca-Cola would still be on the list, but not in first place, rather in 46th place.

We apologize for this inaccuracy.

— Samoborska Klimaoprema is the largest commodity net exporter with 169 million euros, and only five other companies achieved a foreign trade surplus greater than one hundred million euros: four Zagreb companies – CE-ZA-R (159 million euros), Pliva Hrvatska (157 million euros), Končar – DST (133 million euros), and Vertiv Croatia (132 million euros) – and Bugatti Rimac (127 million euros) from Sveta Nedelja.

Interestingly, five companies from our top 10 exporters reported not a single euro in imports. This result applies to as many as 33 companies on the ranking list. Among them is the largest commodity net exporter Klimaoprema, as well as two other high-tech companies: Vertiv Croatia and Carel Adriatic. Equally astonishing is the insignificant import of Bugatti Rimac at 4,343 euros, but its sister company Rimac Technology, which deals with battery systems, imported goods worth more than 55 million euros. Despite inconsistencies in reporting, our ranking list is nonetheless instructive and shows the distribution of power in the export and industrial scene.

You can read the complete analysis with the table of the top 100 commodity net exporters in the new digital and printed edition of Lider.

The article is available in printed
and digital editions of Lider

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