Croatia (HRV) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Croatia-Austria Trade: In 2023, Croatia exported $1.24B to Austria. The main products that Croatia exported to Austria were Insulated Wire ($112M), Railway Freight Cars ($82.2M), and Electrical Resistors ($50.9M). Over the past 5 years the exports of Croatia to Austria have increased at an annualized rate of 3.24%, from $1.06B in 2018 to $1.24B in 2023.

In 2020, Croatia exported services to Austria worth $780M, with Travel ($642M), Other business services ($68.8M), and Computer and information services ($37.2M) being the largest in terms of value.

Austria-Croatia Trade: In 2023, Austria exported $2.35B to Croatia. The main products that Austria exported to Croatia were Tanned Equine and Bovine Hides ($101M), Packaged Medicaments ($79.7M), and Gold ($52.3M). Over the past 5 years the exports of Austria to Croatia have increased at an annualized rate of 3.87%, from $1.94B in 2018 to $2.35B in 2023.

In 2020, Austria exported services to Croatia worth $355M, with Other business services ($91.4M), Travel ($70.8M), and Transportation ($65.1M) being the largest in terms of value.

Comparison: In 2023, Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Croatia exported $1.24B to Austria. The main products exported from Croatia to Austria were Insulated Wire ($112M), Railway Freight Cars ($82.2M), and Electrical Resistors ($50.9M). During the last 5 years the exports of Croatia to Austria have increased at an annualized rate of 3.24%, from $1.06B in 2018 to $1.24B in 2023.

In 2018, Austria exported $2.35B to Croatia. The main products exported from Austria to Croatia were Tanned Equine and Bovine Hides ($101M), Packaged Medicaments ($79.7M), and Gold ($52.3M). During the last 5 years the exports of Austria to Croatia have increased at an annualized rate of 3.87%, from $1.94B in 2023 to $2.35B in 2018.

Exports from Croatia () to Austria () (2023)

Exports from Austria () to Croatia () (2023)

Latest Data

Trade between Croatia () and Austria ()

Croatia Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Croatia
Top DestinationItaly$3.05B

Austria
Top DestinationGermany$51B

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

In 2023, countries that imported more from Croatia than Austria included Bosnia and Herzegovina ($1.3B), Cote d'Ivoire ($561M), and Montenegro ($289M).

In 2023, countries that imported more from Austria than Croatia included Germany ($51B), United States ($18.1B), and Switzerland ($10.9B).

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

Comparative Advantage Croatia - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Croatia had a large net trade with Austria in the exports of Machines ($399M), Transportation ($165M), and Metals ($141M).

During 2018, Austria had a large net trade with Croatia in the exports of Machines ($525M), Chemical Products ($256M), and Foodstuffs ($211M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Croatia Austria+$12.3MRefined Petroleum

Top Product Potential Austria Croatia+$19.6MCars

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

Aut Year

Hrv Year

In 2020, Croatia exported services to Austria worth $780M, with Travel ($642M), Other business services ($68.8M), and Computer and information services ($37.2M) being the largest in terms of value.

In 2020, Austria exported services to Croatia worth $355M, with Other business services ($91.4M), Travel ($70.8M), and Transportation ($65.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Croatia () to Austria () (2020)

Services Exports from Austria () to Croatia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Croatia () to Austria () (2023)

Exports from Austria () to Croatia () (2023)

Latest Data

Trade between Croatia () and Austria ()

Croatia Exports

Austria Exports

Market Competitiveness

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

Comparative Advantage Croatia - Austria

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Croatia () to Austria () (2020)

Services Exports from Austria () to Croatia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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