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2022
Flag → Flag
Exports $748MRnk 51 / 222
2022
Flag → Flag
Top Product $132MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $256MRnk 20 / 182
2022
Flag → Flag
Top Product $42.5MVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
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 GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
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GDP GROWTH24%CURRENT US$
Rnk 113 / 186
2022
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GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
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GDP PC$18,413CURRENT US$
Rnk 56 / 186
2012-2022
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GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 186

About

Belgium-Croatia Trade: In 2022, Belgium exported $748M to Croatia. The main products that Belgium exported to Croatia were Vaccines, blood, antisera, toxins and cultures ($132M), Cars ($65.1M), and Industrial Fatty Acids, Oils and Alcohols ($56.9M). Over the past 5 years the exports of Belgium to Croatia have increased at an annualized rate of 9.94%, from $465M in 2017 to $748M in 2022.

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 Trade: In 2022, Croatia exported $256M to Belgium. The main products that Croatia exported to Belgium were Vaccines, blood, antisera, toxins and cultures ($42.5M), Veneer Sheets ($24.1M), and Packaged Medicaments ($12.9M). Over the past 5 years the exports of Croatia to Belgium have decreased at an annualized rate of 2.95%,  from $297M in 2017 to $256M in 2022.

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 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B).

Latest Trends

August, 2024

About

Overview In August 2024, Belgium exported €47.9M and imported €13.2M from Croatia, resulting in a positive trade balance of €34.8M. Between August 2023 and August 2024 the exports of Belgium have increased by €6.6M (16%) from €41.3M to €47.9M, while imports increased by €3.33M (33.7%) from €9.86M to €13.2M.

Trade In August 2024, the top exports of Belgium to Croatia were Pharmaceutical products (€17.7M), Cars, tractors, trucks & parts thereof. (€7.2M), Plastics & articles thereof (€4.11M), Machinery, mechanical appliances, & parts (€3.77M), and Optical, photo, & film equipment; medical... (€1.87M). In August 2024 the top imports of Belgium from Croatia were Pharmaceutical products (€4.34M), Machinery, mechanical appliances, & parts (€1.75M), Wood, wood articles, & charcoal (€1.15M), Cars, tractors, trucks & parts thereof. (€1.01M), and Furniture, bedding, lamps, & prefab buildings (€557k).

Growth In August 2024, the increase in Belgium's year-by-year exports to Croatia was explained primarily by an increase in product exports in Plastics & articles thereof (€1.51M or 58%), Machinery, mechanical appliances, & parts (€1.34M or 55.2%), and Optical, photo, & film equipment; medical... (€435k or 30.2%). In August 2024, the increase in Belgium's year-by-year imports  from Croatia was explained primarily by an increase in product imports  in Pharmaceutical products (€2.82M or 185%), Machinery, mechanical appliances, & parts (€727k or 71.1%), and Paints, dyes, & varnishes (€74.3k or 156%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€6.6M(16%)
IMPORT GROWTH (August 2023 - August 2024)€3.33M(33.7%)

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.

For full datasets download visit Bulk Download page.

Explore Croatia and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $748M to Croatia. The main products exported from Belgium to Croatia were Vaccines, blood, antisera, toxins and cultures ($132M), Cars ($65.1M), and Industrial Fatty Acids, Oils and Alcohols ($56.9M). During the last 5 years the exports of Belgium to Croatia have increased at an annualized rate of 9.94%, from $465M in 2017 to $748M in 2022.

In 2017, Croatia exported $256M to Belgium. The main products exported from Croatia to Belgium were Vaccines, blood, antisera, toxins and cultures ($42.5M), Veneer Sheets ($24.1M), and Packaged Medicaments ($12.9M). During the last 5 years the exports of Croatia to Belgium have decreased at an annualized rate of 2.95%, from $297M in 2022 to $256M in 2017.

Exports from Belgium (Flag) to Croatia (Flag) (2022)

Exports from Croatia (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Croatia
Top DestinationItaly$3.44B

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 2022, countries that imported more from Belgium than Croatia included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Croatia than Belgium included Bosnia and Herzegovina ($2.45B), Slovenia ($2.87B), and Serbia ($1.55B).

Difference in imports from Croatia (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - Croatia

Flow
Scale

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

During 2022, Belgium had a large net trade with Croatia in the exports of Chemical Products ($262M), Machines ($92M), and Transportation ($84.2M).

During 2017, Croatia had a large net trade with Belgium in the exports of Chemical Products ($73.2M), Machines ($50.3M), and Wood Products ($33M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Croatia+$30.2MCars
Top Product Potential Croatia Belgium+$18MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

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.

Services Exports from Belgium (Flag) to Croatia (Flag) (2020)

Services Exports from Croatia (Flag) to Belgium (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Croatia. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Croatia. Similarly, a dot/product with the flag of Croatia indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Croatia (Flag) (2022)

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