Flag Belgium / Croatia Flag

2021
FlagFlag
Exports
: $759M, Rnk 49 / 221

2021
FlagFlag
Top Product
: $164M, Industrial Fatty Acids, Oils and Alcohols

2021
FlagFlag
Exports
: $311M, Rnk 18 / 185

2021
FlagFlag
Top Product
: $34.8M, Vaccines, blood, antisera, toxins and cultures

2021
Flag
Economic Complexity (ECI)
: ECI 1.28, Rnk 18 / 131

2021
Flag
Economic Complexity (ECI)
: ECI 0.81, Rnk 34 / 131

2021
Flag  
GDP
: $600B, CURRENT US$
Rnk 23 / 182

2011-2021
Flag
GDP GROWTH
: 14.6%, CURRENT US$
Rnk 118 / 182

2021
Flag
 GDP
: $67.8B, CURRENT US$
Rnk 73 / 182

2011-2021
Flag
GDP GROWTH
: 7.39%, CURRENT US$
Rnk 137 / 182

2021
Flag
GDP PC 
: $51,768, CURRENT US$
Rnk 17 / 182

2011-2021
Flag
GDP PC GROWTH
: 9.19%, CURRENT US$
Rnk 106 / 182

2021
Flag
GDP PC
: $17,399, CURRENT US$
Rnk 48 / 182

2011-2021
Flag
GDP PC GROWTH
: 17.9%, CURRENT US$
Rnk 77 / 182

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).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

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

#permalink to section
Color

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

#permalink to section
Flow
Scale

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).

Bilateral Service Trade

#permalink to section

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

#permalink to section

Competitive Landscape

#permalink to section

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.