2022
Flag  
GDP
$71BCURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP GROWTH
24%CURRENT US$
Rnk 113 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$18,413CURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP PC GROWTH
37.3%CURRENT US$
Rnk 53 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Croatia-South Korea Trade: In 2022, Croatia exported $68.4M to South Korea. The main products that Croatia exported to South Korea were Copper Ore ($88.1M), Electrical Resistors ($3.09M), and Other Inorganic Acids Salts ($2.76M). Over the past 5 years the exports of Croatia to South Korea have increased at an annualized rate of 76.2%, from $4.03M in 2017 to $68.4M in 2022.

In 2020, Croatia exported services to South Korea worth $10.5M, with Other business services ($5.6M), Travel ($3.77M), and Transportation ($457k) being the largest in terms of value.

South Korea-Croatia Trade: In 2022, South Korea exported $336M to Croatia. The main products that South Korea exported to Croatia were Cars ($19.2M), Other Heating Machinery ($13.4M), and Synthetic Rubber ($11.7M). Over the past 5 years the exports of South Korea to Croatia have increased at an annualized rate of 50.4%,  from $43.7M in 2017 to $336M in 2022.

In 2022, South Korea did not export any services to Croatia.

Comparison: In 2022,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Croatia exported $68.4M to South Korea. The main products exported from Croatia to South Korea were Copper Ore ($88.1M), Electrical Resistors ($3.09M), and Other Inorganic Acids Salts ($2.76M). During the last 5 years the exports of Croatia to South Korea have increased at an annualized rate of 76.2%, from $4.03M in 2017 to $68.4M in 2022.

In 2017, South Korea exported $336M to Croatia. The main products exported from South Korea to Croatia were Cars ($19.2M), Other Heating Machinery ($13.4M), and Synthetic Rubber ($11.7M). During the last 22 years the exports of South Korea to Croatia have increased at an annualized rate of 50.4%, from $43.7M in 1995 to $336M in 2017.

Exports from Croatia (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Croatia (Flag) (2022)

Latest Data

Trade between Croatia (Flag) and South Korea (Flag)

Croatia Exports

South Korea Exports

Market Competitiveness

Color
Croatia
Top Destination
Italy$3.44B
South Korea
Top Destination
China$150B

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

In 2022, countries that imported more from Croatia than South Korea included Bosnia and Herzegovina ($2.45B), Slovenia ($2.87B), and Serbia ($1.55B).

In 2022, countries that imported more from South Korea than Croatia included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Croatia (Flag) (2022)

Comparative Advantage Croatia - South Korea

Flow
Scale

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

During 2022, Croatia had a large net trade with South Korea in the exports of Mineral Products ($88.5M), Machines ($5.35M), and Chemical Products ($3.66M).

During 2017, South Korea had a large net trade with Croatia in the exports of Machines ($51.1M), Plastics and Rubbers ($28.2M), and Metals ($23.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Croatia South Korea+$1.74MKnit Sweaters
Top Product Potential South Korea Croatia+$18.2MCars

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

Product Space of Croatia (Flag) and South Korea (Flag) (2022)

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