Trends in foreign trade of the primary and secondary wood products

Wood processing is one of the most significant segments in Croatian wood industry. On the basis of established values for period 2000-2011, in this paper we discuss a possibility to predict trends in foreign trade of primary and secondary wood products. The data of import and export values through analyzed period are gathered from Croatian Bureau of Statistics and include the main countries for foreign trade activity with Croatia. The main import-export markets are Italy, Slovenia, Austria and Germany in which it were achieved almost 65% of total value of import and export of a primary and secondary wood products for period 2000-2011. Nearly 40% of total value of export of Croatian wood processing is realized in the Italian market. Over 50% of total import value makes wood products imported from Slovenia, Austria and Bosnia and Herzegovina. In order to predict a future trends in foreign trade, dynamic economic analysis of time series data was performed.