Observatory of Economic Complexity

Flag Croatia / Hungary Flag

Exports Flag → Flag  (2018): $601M, Rnk 7 / 184

Top Product Flag → Flag (2018): $110M, Electricity

Exports Flag → Flag (2018): $2.15B, Rnk 16 / 194

Top Product Flag → Flag (2018): $288M, Electricity

Economic Complexity of Flag (2018): ECI 0.74, Rnk 37 / 137

Economic Complexity of Flag (2018): ECI 1.44, Rnk 14 / 137

GDP Flag (2018): $61B, CURRENT US$
Rnk 76 / 196

GDP GROWTH Flag (2008-2018): -13.3%, CURRENT US$
Rnk 188 / 196

GDP Flag (2018): $158B, CURRENT US$
Rnk 55 / 196

GDP GROWTH Flag (2008-2018): -0.16%, CURRENT US$
Rnk 167 / 196

GDP PC Flag (2018): $14,910, CURRENT US$
Rnk 63 / 196

GDP PC GROWTH Flag (2008-2018): -8.58%, CURRENT US$
Rnk 166 / 196

GDP PC Flag (2018): $16,162, CURRENT US$
Rnk 58 / 196

GDP PC GROWTH Flag (2008-2018): 2.59%, CURRENT US$
Rnk 135 / 196

About

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Croatia-Hungary: In 2018, Croatia exported $601M to Hungary. The main products that Croatia exported to Hungary are Electricity ($110M), Refined Petroleum ($21.1M), and Seed Oils ($18.9M). During the last 23 years the exports of Croatia to Hungary have increased at an annualized rate of 10.1%, from $65.5M in 1995 to $601M in 2018.

In 2016, Croatia exported services to Hungary worth $217M, with Travel ($153M), Other business services ($22.9M), and Transportation ($20.1M) being the largest in terms of value.

Hungary-Croatia: In 2018, Hungary exported $2.15B to Croatia . The main products that Hungary exported to Croatia were Electricity ($288M), Petroleum Gas ($274M), and Cars ($160M). During the last 23 years the exports of Croatia to Hungary have increased at an annualized rate of 10.1%, from $65.5M in 1995 to $601M in 2018.

In 2016, Hungary exported services to Croatia worth $107M, with Other business services ($29.5M), Transportation ($23.9M), and Travel ($23.2M) being the largest in terms of value.

Comparison: In 2018,  Croatia ranked 37 in the Economic Complexity Index (ECI 0.74), and 76 in total exports ($17.8B). That same year, Hungary ranked 14 in the Economic Complexity Index (ECI 1.44), and 35 in total exports ($122B).

Product Trade

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Bilateral Trade by Products

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Depth
Value

In 2018, Croatia exported $601M to Hungary. The main products exported from Croatia to Hungary were Electricity ($110M), Refined Petroleum ($21.1M), and Seed Oils ($18.9M). During the last 23 years the exports of Croatia to Hungary have increased at an annualized rate of 10.1%, from $65.5M in 1995 to $601M in 2018.

In 2018, Hungary exported $2.15B to Croatia. The main products exported from Hungary to Croatia were Electricity ($288M), Petroleum Gas ($274M), and Cars ($160M). During the last 23 years the exports of Hungary to Croatia have increased at an annualized rate of 11.6%, from $172M in 1995 to $2.15B in 2018.

Latest Data

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Market Competitiveness

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Measure

Croatia
Top Destination: Italy, $2.48B

Hungary
Top Destination: Germany, $32.6B

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

In 2018, countries that imported more from Croatia than Hungary were Bosnia and Herzegovina ($1.54B), Slovenia ($1.89B), and Gibraltar ($175M).

In 2018, countries that imported more from Hungary than Croatia were Germany ($32.6B), Romania ($6.18B), and Slovakia ($5.76B).

Comparative Advantage Croatia - Hungary

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Depth

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

During 2018, Croatia had a large net trade with Hungary in the exports of Mineral Products ($153M), Chemical Products ($74.3M), and Foodstuffs ($57.1M).

During 2018, Hungary had a large net trade with Croatia in the exports of Mineral Products ($675M), Chemical Products ($336M), and Machines ($259M).

Forecasts

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Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

Explore Forecasts

Service Trade

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Bilateral Service Trade

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In 2016, Croatia exported services to Hungary worth $217M, with Travel ($153M), Other business services ($22.9M), and Transportation ($20.1M) being the largest in terms of value.

In 2016, Hungary exported services to Croatia worth $107M, with Other business services ($29.5M), Transportation ($23.9M), and Travel ($23.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Croatia has comparative advantage over Hungary. Similarly, the more red a dot/product is, the more Hungary has comparative advantage over Croatia.

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