2023
Flag  
GDP
$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP GROWTH
41%CURRENT US$
Rnk 92 / 195
2023
Flag
 GDP
$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH
9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC 
$21,865CURRENT US$
Rnk 60 / 195
2013-2023
Flag
GDP PC GROWTH
54.7%CURRENT US$
Rnk 41 / 195
2023
Flag
GDP PC
$64,821CURRENT US$
Rnk 16 / 196
2013-2023
Flag
GDP PC GROWTH
-4.94%CURRENT US$
Rnk 159 / 195

About

Croatia-Australia Trade: In 2023, Croatia exported $58.4M to Australia. The main products that Croatia exported to Australia were Vaccines, blood, antisera, toxins and cultures ($9.17M), Packaged Medicaments ($7.9M), and Electrical Transformers ($6.42M). Over the past 5 years the exports of Croatia to Australia have increased at an annualized rate of 8.79%, from $38.3M in 2018 to $58.4M in 2023.

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 2023, Australia exported $9.39M to Croatia. The main products that Australia exported to Croatia were Coal Briquettes ($2.71M), Stone Processing Machines ($1.78M), and Recreational Boats ($858k). Over the past 5 years the exports of Australia to Croatia have increased at an annualized rate of 22.2%,  from $3.45M in 2018 to $9.39M in 2023.

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

Comparison: In 2023,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Croatia exported $58.4M to Australia. The main products exported from Croatia to Australia were Vaccines, blood, antisera, toxins and cultures ($9.17M), Packaged Medicaments ($7.9M), and Electrical Transformers ($6.42M). During the last 5 years the exports of Croatia to Australia have increased at an annualized rate of 8.79%, from $38.3M in 2018 to $58.4M in 2023.

In 2018, Australia exported $9.39M to Croatia. The main products exported from Australia to Croatia were Coal Briquettes ($2.71M), Stone Processing Machines ($1.78M), and Recreational Boats ($858k). During the last 5 years the exports of Australia to Croatia have increased at an annualized rate of 22.2%, from $3.45M in 2023 to $9.39M in 2018.

Exports from Croatia (Flag) to Australia (Flag) (2023)

Exports from Australia (Flag) to Croatia (Flag) (2023)

Latest Data

Trade between Croatia (Flag) and Australia (Flag)

Croatia Exports

Australia Exports

Market Competitiveness

Color
Croatia
Top Destination
Italy$3.05B
Australia
Top Destination
China$137B

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 2023, countries that imported more from Croatia than Australia included Italy ($3.05B), Slovenia ($2.45B), and Bosnia and Herzegovina ($1.3B).

In 2023, countries that imported more from Australia than Croatia included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia (Flag) and Croatia (Flag) (2023)

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 2023, Croatia had a large net trade with Australia in the exports of Chemical Products ($17.8M), Machines ($17.3M), and Foodstuffs ($10.2M).

During 2018, Australia had a large net trade with Croatia in the exports of Machines ($4.28M), Mineral Products ($2.71M), and Transportation ($1.46M).

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) (2023)

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