Georgia (GEO) and Croatia (HRV) Trade | The Observatory of Economic Complexity

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Georgia-Croatia Trade: In 2023, Georgia exported $595k to Croatia. The main products that Georgia exported to Croatia were Mixed Mineral or Chemical Fertilizers ($194k), Plastic Lids ($175k), and Laboratory Ceramic Ware ($81.2k). Over the past 5 years the exports of Georgia to Croatia have increased at an annualized rate of 21.4%, from $226k in 2018 to $595k in 2023.

In 2023, Georgia did not export any services to Croatia.

Croatia-Georgia Trade: In 2023, Croatia exported $15.9M to Georgia. The main products that Croatia exported to Georgia were Chocolate ($3.61M), Baked Goods ($1.58M), and Non-Knit Women's Suits ($870k). Over the past 5 years the exports of Croatia to Georgia have increased at an annualized rate of 7.41%, from $11.1M in 2018 to $15.9M in 2023.

In 2023, Croatia did not export any services to Georgia.

Comparison: In 2023, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Georgia exported $595k to Croatia. The main products exported from Georgia to Croatia were Mixed Mineral or Chemical Fertilizers ($194k), Plastic Lids ($175k), and Laboratory Ceramic Ware ($81.2k). During the last 5 years the exports of Georgia to Croatia have increased at an annualized rate of 21.4%, from $226k in 2018 to $595k in 2023.

In 2018, Croatia exported $15.9M to Georgia. The main products exported from Croatia to Georgia were Chocolate ($3.61M), Baked Goods ($1.58M), and Non-Knit Women's Suits ($870k). During the last 5 years the exports of Croatia to Georgia have increased at an annualized rate of 7.41%, from $11.1M in 2023 to $15.9M in 2018.

Exports from Georgia () to Croatia () (2023)

Exports from Croatia () to Georgia () (2023)

Latest Data

Trade between Georgia () and Croatia ()

Georgia Exports

Date

Croatia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Croatia
Top DestinationItaly$3.05B

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

In 2023, countries that imported more from Georgia than Croatia included Azerbaijan ($828M), Armenia ($712M), and Kyrgyzstan ($519M).

In 2023, countries that imported more from Croatia than Georgia included Italy ($3.05B), Germany ($2.58B), and Slovenia ($2.45B).

Difference in imports from Croatia () and Georgia () (2023)

Comparative Advantage Georgia - Croatia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with Croatia in the exports of Chemical Products ($220k), Plastics and Rubbers ($175k), and Textiles ($84.6k).

During 2018, Croatia had a large net trade with Georgia in the exports of Foodstuffs ($6.34M), Textiles ($5.04M), and Chemical Products ($1.21M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Croatia+$25.6kSpecial Pharmaceuticals

Top Product Potential Croatia Georgia+$828kPackaged 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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Croatia () (2023)

Exports from Croatia () to Georgia () (2023)

Latest Data

Trade between Georgia () and Croatia ()

Georgia Exports

Croatia Exports

Market Competitiveness

Difference in imports from Croatia () and Georgia () (2023)

Comparative Advantage Georgia - Croatia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Georgia () and Croatia () (2023)

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