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Pricing

2022
Flag → Flag
Exports $45.8MRnk 46 / 182
2022
Flag → Flag
Top Product $8.1MElectrical Transformers
2022
Flag → Flag
Exports $6.71MRnk 135 / 213
2022
Flag → Flag
Top Product $3.44MPassenger and Cargo Ships
2022
Flag
Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag  
GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP GROWTH24%CURRENT US$
Rnk 113 / 186
2022
Flag
 GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC $18,413CURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 186
2022
Flag
GDP PC$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

Croatia-Australia Trade: In 2022, Croatia exported $45.8M to Australia. The main products that Croatia exported to Australia were Electrical Transformers ($8.1M), Gas Turbines ($5.7M), and Packaged Medicaments ($3.4M). Over the past 5 years the exports of Croatia to Australia have increased at an annualized rate of 8.66%, from $30.2M in 2017 to $45.8M in 2022.

In 2020, Croatia exported services to Australia worth $6.17M, with Travel ($4.11M), Transportation ($800k), and Computer and information services ($685k) being the largest in terms of value.

Australia-Croatia Trade: In 2022, Australia exported $6.71M to Croatia. The main products that Australia exported to Croatia were Passenger and Cargo Ships ($3.44M), Electric Batteries ($617k), and Excavation Machinery ($523k). Over the past 5 years the exports of Australia to Croatia have increased at an annualized rate of 3.08%,  from $5.77M in 2017 to $6.71M in 2022.

In 2022, Australia did not export any services to Croatia.

Comparison: In 2022,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Croatia exported $45.8M to Australia. The main products exported from Croatia to Australia were Electrical Transformers ($8.1M), Gas Turbines ($5.7M), and Packaged Medicaments ($3.4M). During the last 5 years the exports of Croatia to Australia have increased at an annualized rate of 8.66%, from $30.2M in 2017 to $45.8M in 2022.

In 2017, Australia exported $6.71M to Croatia. The main products exported from Australia to Croatia were Passenger and Cargo Ships ($3.44M), Electric Batteries ($617k), and Excavation Machinery ($523k). During the last 5 years the exports of Australia to Croatia have increased at an annualized rate of 3.08%, from $5.77M in 2022 to $6.71M in 2017.

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

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

Latest Data

Trade between Croatia (Flag) and Australia (Flag)

Croatia Exports

Australia Exports

Market Competitiveness

Color
Croatia
Top DestinationItaly$3.44B
Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from Croatia than Australia included Slovenia ($2.87B), Hungary ($2.65B), and Bosnia and Herzegovina ($2.45B).

In 2022, countries that imported more from Australia than Croatia included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Croatia - Australia

Flow
Scale

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

During 2022, Croatia had a large net trade with Australia in the exports of Machines ($18.9M), Foodstuffs ($8.56M), and Chemical Products ($4.42M).

During 2017, Australia had a large net trade with Croatia in the exports of Transportation ($3.61M), Machines ($1.99M), and Instruments ($288k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Croatia Australia+$5.45MPackaged Medicaments
Top Product Potential Australia Croatia+$340kExcavation Machinery

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

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

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

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