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2022
Economic Complexity
Trade 0.81Rank 32 of 124
2021
Economic Complexity
Technology 0.17Rank 46 of 96
2022
Economic Complexity
Research 0.14Rank 48 of 135
2022
Product
Exports | Imports $26B | $43.8B73 of 226 |  64 of 226
2022
Per Capita Product
Exports | Imports $6.75k | $11.4k40 of 219 |  27 of 219

About

Overview In 2022, Croatia was the number 80 economy in the world in terms of GDP (current US$), the number 73 in total exports, the number 64 in total imports, the number 56 economy in terms of GDP per capita (current US$) and the number 32 most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Croatia are Refined Petroleum ($1.5B), Electricity ($1.48B), Petroleum Gas ($1.27B), Packaged Medicaments ($719M), and Electrical Transformers ($589M), exporting mostly to Italy ($3.44B), Slovenia ($2.87B), Germany ($2.82B), Hungary ($2.65B), and Bosnia and Herzegovina ($2.45B).

Imports The top imports of Croatia are Petroleum Gas ($3.44B), Refined Petroleum ($3.02B), Electricity ($1.88B), Cars ($1.45B), and Crude Petroleum ($1.27B), importing mostly from Italy ($5.92B), Germany ($5.25B), Slovenia ($4.68B), Hungary ($3.19B), and United States ($3.11B).

Location Croatia borders Bosnia and Herzegovina, Hungary, Montenegro, Serbia, and Slovenia by land and Italy by sea.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Croatia.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2022)Refined Petroleum$1.5B
Top Destination (2022)Italy$3.44B

In 2022, Croatia exported a total of $26B, making it the number 73 exporter in the world. During the last five reported years the exports of Croatia have changed by $9.63B from $16.4B in 2017 to $26B in 2022.

The most recent exports are led by Refined Petroleum ($1.5B), Electricity ($1.48B), Petroleum Gas ($1.27B), Packaged Medicaments ($719M), and Electrical Transformers ($589M). The most common destination for the exports of Croatia are Italy ($3.44B), Slovenia ($2.87B), Germany ($2.82B), Hungary ($2.65B), and Bosnia and Herzegovina ($2.45B).

Explore Visualizations

Exports (2022)
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Destinations (2022)
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Market Growth

Flow
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Fastest Growing Export Markets (2021 - 2022)
Hungary$831M (+ 45.6%)
Bosnia and Herzegovina$637M (+ 35.1%)
Italy$633M (+ 22.5%)
Fastest Growing Import Markets (2021 - 2022)
United States$2.26B (+ 264%)
Italy$1.6B (+ 37%)
Slovenia$1.04B (+ 28.6%)

Total Export Growth by Market (2021 - 2022)

Service Trade

Service Trade

Croatia Exports Services (2020)$8.74B
Croatia Imports Services (2020)$3.67B

In 2020, Croatia exported $8.74B worth of services. The top services exported by Croatia in 2020 were Personal travel ($5.35B), Miscellaneous business, professional, and technical services ($1.34B), Other transport ($640M), Construction abroad ($219M), and Telecommunications services ($189M).

The top services imported by Croatia in 2020 were Miscellaneous business, professional, and technical services ($1.09B), Personal travel ($559M), Other transport ($369M), Other royalties and license fees ($274M), and Business travel ($215M).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Overview

Economic Complexity (Trade)0.81Rank 32 of 124
Economic Complexity (Technology)0.17Rank 46 of 96
Economic Complexity (Research)0.14Rank 48 of 135

Most Specialized Products by RCA Index

Croatia has a high level of specialization in Handguns (64.9), Densified Wood (53.9), Railway Freight Cars (46.4), Other Leather Articles (39.5), and Railway Track Fixtures (27.8). Specialization is measured using RCA, an index that takes the ratio between Croatia observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Croatia according to the product complexity index (PCI) are Halides and halide oxides of non-metals (1.68), Machinery; for working rubber or plastics or for the manufacture of products... (1.63), Machines; for assembling electric or electronic lamps, tubes, valves, flash-bulbs, in glass... (1.5), Knives and cutting blades, for machines or for mechanical appliances (1.45), and Parts & accessories suited for use only/mainly with machines of headings 8456-8465,... (1.43). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Croatia according to the relatedness index, were Aluminium Bars (0.38), Raw Iron Bars (0.38), Waterproof Footwear (0.38), Aqueous Paints (0.37), and Other Vegetable Residues (0.37). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Croatia is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Croatia. These are products that tend to be co-exported with the products that Croatia exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

Filter
Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Economic Complexity Ranking

Methodology
Scale

During the last 20 years Croatia's⁩ ⁨economy has become relatively more complex, moving from the ⁩⁨36th to the 32nd⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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ECI (Trade) Ranking by Country

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