Croatia (HRV) and Finland (FIN) Trade | The Observatory of Economic Complexity

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Croatia-Finland Trade: In 2023, Croatia exported $65.9M to Finland. The main products that Croatia exported to Finland were Electrical Transformers ($13.6M), Copper Ore ($11.1M), and Steam Boilers ($7.74M). Over the past 5 years the exports of Croatia to Finland have decreased at an annualized rate of 8.2%, from $101M in 2018 to $65.9M in 2023.

In 2020, Croatia exported services to Finland worth $26.3M, with Other business services ($17M), Travel ($5.71M), and Computer and information services ($2.63M) being the largest in terms of value.

Finland-Croatia Trade: In 2023, Finland exported $77.6M to Croatia. The main products that Finland exported to Croatia were Kaolin Coated Paper ($5.35M), Electrical Transformers ($4.6M), and Kraft Paper ($3.77M). Over the past 5 years the exports of Finland to Croatia have increased at an annualized rate of 14.5%, from $39.5M in 2018 to $77.6M in 2023.

In 2020, Finland exported services to Croatia worth $16M, with Other business services ($6.85M), Computer and information services ($5.71M), and Transportation ($1.14M) 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Croatia exported $65.9M to Finland. The main products exported from Croatia to Finland were Electrical Transformers ($13.6M), Copper Ore ($11.1M), and Steam Boilers ($7.74M). During the last 5 years the exports of Croatia to Finland have decreased at an annualized rate of 8.2%, from $101M in 2018 to $65.9M in 2023.

In 2018, Finland exported $77.6M to Croatia. The main products exported from Finland to Croatia were Kaolin Coated Paper ($5.35M), Electrical Transformers ($4.6M), and Kraft Paper ($3.77M). During the last 5 years the exports of Finland to Croatia have increased at an annualized rate of 14.5%, from $39.5M in 2023 to $77.6M in 2018.

Exports from Croatia () to Finland () (2023)

Exports from Finland () to Croatia () (2023)

Latest Data

Trade between Croatia () and Finland ()

Croatia Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Croatia
Top DestinationItaly$3.05B

Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Croatia than Finland included Slovenia ($2.45B), Bosnia and Herzegovina ($1.3B), and Serbia ($1.15B).

In 2023, countries that imported more from Finland than Croatia included United States ($9.68B), Sweden ($8.13B), and Germany ($9.26B).

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

Comparative Advantage Croatia - Finland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Croatia had a large net trade with Finland in the exports of Machines ($30.7M), Mineral Products ($11.1M), and Foodstuffs ($5.55M).

During 2018, Finland had a large net trade with Croatia in the exports of Machines ($32.8M), Paper Goods ($11.3M), and Transportation ($8.76M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Croatia Finland+$2.95MPackaged Medicaments

Top Product Potential Finland Croatia+$2.46MTelephones

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

Fin Year

Hrv Year

In 2020, Croatia exported services to Finland worth $26.3M, with Other business services ($17M), Travel ($5.71M), and Computer and information services ($2.63M) being the largest in terms of value.

In 2020, Finland exported services to Croatia worth $16M, with Other business services ($6.85M), Computer and information services ($5.71M), and Transportation ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Finland () 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 Finland. This means that a dot/product with the flag of Croatia indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Croatia.

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Historical Data

Bilateral Trade by Products

Exports from Croatia () to Finland () (2023)

Exports from Finland () to Croatia () (2023)

Latest Data

Trade between Croatia () and Finland ()

Croatia Exports

Finland Exports

Market Competitiveness

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

Comparative Advantage Croatia - Finland

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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