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2023
Flag → Flag
Exports $22.5MRnk 57 / 191
2023
Flag → Flag
Top Product $4.36MBase Metal Watches
2023
Flag → Flag
Exports $6.9MRnk 148 / 198
2023
Flag → Flag
Top Product $1.26MChemical Analysis Instruments
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 34 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP GROWTH41%CURRENT US$
Rnk 92 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
GDP PC $21,865CURRENT US$
Rnk 60 / 195
2013-2023
Flag
GDP PC GROWTH54.7%CURRENT US$
Rnk 41 / 195
2023
Flag
GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Croatia-Hong Kong Trade: In 2023, Croatia exported $22.5M to Hong Kong. The main products that Croatia exported to Hong Kong were Base Metal Watches ($4.36M), Office Machine Parts ($3.51M), and Microphones and Headphones ($2.59M). Over the past 5 years the exports of Croatia to Hong Kong have decreased at an annualized rate of 16.5%, from $55.4M in 2018 to $22.5M in 2023.

In 2020, Croatia exported services to Hong Kong worth $9.71M, with Computer and information services ($5.48M), Other business services ($2.74M), and Transportation ($1.48M) being the largest in terms of value.

Hong Kong-Croatia Trade: In 2023, Hong Kong exported $6.9M to Croatia. The main products that Hong Kong exported to Croatia were Chemical Analysis Instruments ($1.26M), Base Metal Watches ($490k), and Computers ($295k). Over the past 5 years the exports of Hong Kong to Croatia have decreased at an annualized rate of 20.6%,  from $21.9M in 2018 to $6.9M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Croatia exported $22.5M to Hong Kong. The main products exported from Croatia to Hong Kong were Base Metal Watches ($4.36M), Office Machine Parts ($3.51M), and Microphones and Headphones ($2.59M). During the last 5 years the exports of Croatia to Hong Kong have decreased at an annualized rate of 16.5%, from $55.4M in 2018 to $22.5M in 2023.

In 2018, Hong Kong exported $6.9M to Croatia. The main products exported from Hong Kong to Croatia were Chemical Analysis Instruments ($1.26M), Base Metal Watches ($490k), and Computers ($295k). During the last 5 years the exports of Hong Kong to Croatia have decreased at an annualized rate of 20.6%, from $21.9M in 2023 to $6.9M in 2018.

Exports from Croatia (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Croatia (Flag) (2023)

Latest Data

Trade between Croatia (Flag) and Hong Kong (Flag)

Croatia Exports

Hong Kong Exports

Market Competitiveness

Color
Croatia
Top DestinationItaly$3.05B
Hong Kong
Top DestinationChina$25.3B

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

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

In 2023, countries that imported more from Hong Kong than Croatia included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Croatia (Flag) (2023)

Comparative Advantage Croatia - Hong Kong

Flow
Scale

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

During 2023, Croatia had a large net trade with Hong Kong in the exports of Machines ($9.68M), Instruments ($6.8M), and Chemical Products ($2.07M).

During 2018, Hong Kong had a large net trade with Croatia in the exports of Instruments ($2.45M), Machines ($2.12M), and Metals ($597k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Croatia Hong Kong+$1.79MBeauty Products
Top Product Potential Hong Kong Croatia+$2.99MTelephones

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 Hong Kong. This means that a dot/product with the flag of Croatia indicates it has a comparative advantage over Hong Kong. Similarly, a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Croatia.

Product Space of Croatia (Flag) and Hong Kong (Flag) (2023)

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