Belgium (BEL) and Croatia (HRV) Trade | OEC - The Observatory of Economic Complexity

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Belgium-Croatia In 2021, Belgium exported $759M to Croatia. The main products that Belgium exported to Croatia are Industrial Fatty Acids, Oils and Alcohols ($164M), Vaccines, blood, antisera, toxins and cultures ($108M), and Cars ($63.9M). During the last 22 years the exports of Belgium to Croatia have increased at an annualized rate of 8.1%, from $137M in 1999 to $759M in 2021.

In 2020, Belgium exported services to Croatia worth $45.7M, with Other business services ($27.4M), Travel ($6.85M), and Transportation ($3.43M) being the largest in terms of value.

Croatia-Belgium In 2021, Croatia exported $311M to Belgium. The main products that Croatia exported to Belgium were Vaccines, blood, antisera, toxins and cultures ($34.8M), Cars ($29.7M), and Monofilament ($25.2M). During the last 22 years the exports of Croatia to Belgium have increased at an annualized rate of 9.56%, from $41.7M in 1999 to $311M in 2021.

In 2020, Croatia exported services to Belgium worth $184M, with Transportation ($51.6M), Travel ($50.5M), and Other business services ($42.4M) being the largest in terms of value.

Comparison In 2021, Belgium ranked 18 in the Economic Complexity Index (ECI 1.28), and 15 in total exports ($403B). That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.81), and 72 in total exports ($22.8B).

Latest Trends

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April, 2023

About

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Overview In April 2023, Belgium exported €43.2M and imported €10.1M from Croatia, resulting in a positive trade balance of €33.1M. Between April 2022 and April 2023 the exports of Belgium have decreased by €-2.17M (-4.78%) from €45.4M to €43.2M, while imports decreased by €-7.72M (-43.4%) from €17.8M to €10.1M.

Trade In April 2023, the top exports of Belgium to Croatia were Pharmaceutical products (€20.1M), Chemical products n.e.s. (€11.7M), Cars, tractors, trucks & parts thereof. (€8.82M), Plastics & articles thereof (€2.6M), and Machinery, mechanical appliances, & parts (€2.43M). In April 2023 the top imports of Belgium from Croatia were Wood, wood articles, & charcoal (€1.91M), Pharmaceutical products (€1.52M), Cars, tractors, trucks & parts thereof. (€1.46M), Machinery, mechanical appliances, & parts (€1.02M), and Iron or steel articles (€762k).

Growth In April 2023, the decrease in Belgium's year-by-year exports to Croatia was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts (€-1.56M or -39.2%), Chemical products n.e.s. (€-1.35M or -10.3%), and Misc. manufactures (€-482k or -73.5%). In April 2023, the decrease in Belgium's year-by-year imports from Croatia was explained primarily by an decrease in product imports in Cars, tractors, trucks & parts thereof. (€-1.54M or -51.4%), Wood, wood articles, & charcoal (€-279k or -12.7%), and Paper articles (€-116k or -54.8%).

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (April 2022 - April 2023): €-2.17M, (-4.78%)

IMPORT GROWTH (April 2022 - April 2023): €-7.72M, (-43.4%)

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

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

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Belgium exported $759M to Croatia. The main products exported from Belgium to Croatia were Industrial Fatty Acids, Oils and Alcohols ($164M), Vaccines, blood, antisera, toxins and cultures ($108M), and Cars ($63.9M). During the last 22 years the exports of Belgium to Croatia have increased at an annualized rate of 8.1%, from $137M in 1999 to $759M in 2021.

In 2021, Croatia exported $311M to Belgium. The main products exported from Croatia to Belgium were Vaccines, blood, antisera, toxins and cultures ($34.8M), Cars ($29.7M), and Monofilament ($25.2M). During the last 22 years the exports of Croatia to Belgium have increased at an annualized rate of 9.56%, from $41.7M in 1999 to $311M in 2021.

Market Competitiveness

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Color

SectionYear

Belgium
Top Destination: Germany, $62.7B

Croatia
Top Destination: Italy, $2.82B

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

In 2021, countries that imported more from Belgium than Croatia were Germany ($62.7B), France ($59.9B), and Netherlands ($50.4B).

In 2021, countries that imported more from Croatia than Belgium were Bosnia and Herzegovina ($1.83B), Slovenia ($2.33B), and Serbia ($1.19B).

Comparative Advantage Belgium - Croatia

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Flow

Scale

Year

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

During 2021, Belgium had a large net trade with Croatia in the exports of Chemical Products ($340M), Transportation ($72.5M), and Machines ($70.4M).

During 2021, Croatia had a large net trade with Belgium in the exports of Chemical Products ($70.8M), Machines ($51M), and Transportation ($38.3M).

Service Trade

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Bilateral Service Trade

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Hrv YearBel Year

In 2020, Belgium exported services to Croatia worth $45.7M, with Other business services ($27.4M), Travel ($6.85M), and Transportation ($3.43M) being the largest in terms of value.

In 2020, Croatia exported services to Belgium worth $184M, with Transportation ($51.6M), Travel ($50.5M), and Other business services ($42.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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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 Belgium has comparative advantage over Croatia. Similarly, the more yellow a dot/product is, the more Croatia has comparative advantage over Belgium.

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Belgium - Croatia

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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