Portugal (PRT) and Croatia (HRV) Trade | The Observatory of Economic Complexity

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Portugal-Croatia In 2022, Portugal exported $93.4M to Croatia. The main products that Portugal exported to Croatia are Planes, Helicopters, and/or Spacecraft ($18.8M), Cars ($11.9M), and Uncoated Paper ($7.74M). During the last 27 years the exports of Portugal to Croatia have increased at an annualized rate of 14.3%, from $2.53M in 1995 to $93.4M in 2022.

In 2020, Portugal exported services to Croatia worth $3.43M, with Travel ($3.43M) being the largest in terms of value.

Croatia-Portugal In 2022, Croatia exported $94.5M to Portugal. The main products that Croatia exported to Portugal were Rough Wood ($11.8M), Knit Socks and Hosiery ($11.2M), and Other Iron Products ($10.6M). During the last 27 years the exports of Croatia to Portugal have increased at an annualized rate of 14.2%, from $2.61M in 1995 to $94.5M in 2022.

In 2020, Croatia exported services to Portugal worth $7.65M, with Travel ($5.25M), Other business services ($914k), and Computer and information services ($800k) being the largest in terms of value.

Comparison In 2022, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B).

Latest Trends

February, 2024

About

Overview In February 2024, Portugal exported €6.47M and imported €5.84M from Croatia, resulting in a positive trade balance of €633k. Between February 2023 and February 2024 the exports of Portugal have decreased by €-365k (-5.34%) from €6.83M to €6.47M, while imports increased by €2.25M (62.7%) from €3.59M to €5.84M.

Trade In February 2024, the top exports of Portugal to Croatia were Machinery, mechanical appliances, & parts (€711k), Paper articles (€643k), Cars, tractors, trucks & parts thereof. (€497k), Rubber & articles thereof (€414k), and Raw hides & skin (non-fur) (€224k). In February 2024 the top imports of Portugal from Croatia were Wood, wood articles, & charcoal (€1.39M), Knitted clothing accesories (€1.35M), Pharmaceutical products (€991k), Non-knitted clothing accesories (€217k), and Raw hides & skin (non-fur) (€205k).

Growth In February 2024, the decrease in Portugal's year-by-year exports to Croatia was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. (€-927k or -65.1%), Electrical machinery and electronics (€-309k or -77.3%), and Paper articles (€-157k or -19.6%). In February 2024, the increase in Portugal's year-by-year imports from Croatia was explained primarily by an increase in product imports in Knitted clothing accesories (€607k or 82.1%), Raw hides & skin (non-fur) (€154k or 303%), and Non-knitted clothing accesories (€89.3k or 70.1%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-365k(-5.34%)

IMPORT GROWTH (February 2023 - February 2024)€2.25M(62.7%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Croatia and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $93.4M to Croatia. The main products exported from Portugal to Croatia were Planes, Helicopters, and/or Spacecraft ($18.8M), Cars ($11.9M), and Uncoated Paper ($7.74M). During the last 27 years the exports of Portugal to Croatia have increased at an annualized rate of 14.3%, from $2.53M in 1995 to $93.4M in 2022.

In 2022, Croatia exported $94.5M to Portugal. The main products exported from Croatia to Portugal were Rough Wood ($11.8M), Knit Socks and Hosiery ($11.2M), and Other Iron Products ($10.6M). During the last 27 years the exports of Croatia to Portugal have increased at an annualized rate of 14.2%, from $2.61M in 1995 to $94.5M in 2022.

Exports from Portugal () to Croatia () (2022)

Exports from Croatia () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Croatia
Top DestinationItaly$3.44B

This map shows whether countries import more from Portugal or Croatia. Each country is colored based on the difference in imports they receive from Portugal and Croatia or the difference in the growth in imports.

In 2021, countries that imported more from Portugal than Croatia were Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2021, countries that imported more from Croatia than Portugal were Slovenia ($2.87B), Bosnia and Herzegovina ($2.45B), and Hungary ($2.65B).

Difference in imports from Croatia () and Portugal () (2022)

Comparative Advantage Portugal - Croatia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Portugal and Croatia by product, considering products traded by both, Portugal and Croatia.

During 2022, Portugal had a large net trade with Croatia in the exports of Transportation ($34.8M), Paper Goods ($10.5M), and Plastics and Rubbers ($10.3M).

During 2022, Croatia had a large net trade with Portugal in the exports of Textiles ($27.9M), Wood Products ($13.8M), and Metals ($12.3M).

Service Trade

Bilateral Service Trade

Hrv Year

Prt Year

In 2020, Portugal exported services to Croatia worth $3.43M, with Travel ($3.43M) being the largest in terms of value.

In 2020, Croatia exported services to Portugal worth $7.65M, with Travel ($5.25M), Other business services ($914k), and Computer and information services ($800k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal () to Croatia () (2020)

Services Exports from Croatia () to Portugal () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Portugal has comparative advantage over Croatia. Similarly, the more yellow a dot/product is, the more Croatia has comparative advantage over Portugal.

About

Latest Trends

About

Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Portugal () to Croatia () (2022)

Exports from Croatia () to Portugal () (2022)

Market Competitiveness

Difference in imports from Croatia () and Portugal () (2022)

Comparative Advantage Portugal - Croatia

Service Trade

Bilateral Service Trade

Services Exports from Portugal () to Croatia () (2020)

Services Exports from Croatia () to Portugal () (2020)

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Croatia () (2022)

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