Croatia (HRV) and Mongolia (MNG) Trade | The Observatory of Economic Complexity

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Croatia-Mongolia Trade: In 2023, Croatia exported $1.07M to Mongolia. The main products that Croatia exported to Mongolia were Insulated Wire ($165k), Electric Generating Sets ($164k), and Air Conditioners ($163k). Over the past 5 years the exports of Croatia to Mongolia have increased at an annualized rate of 16.1%, from $510k in 2018 to $1.07M in 2023.

In 2023, Croatia did not export any services to Mongolia.

Mongolia-Croatia Trade: In 2023, Mongolia exported $893 to Croatia. The main products that Mongolia exported to Croatia were Electric Motor Parts ($518) and Knit Sweaters ($375). Over the past 5 years the exports of Mongolia to Croatia have increased at an annualized rate of 46.6%, from $132 in 2018 to $893 in 2023.

In 2023, Mongolia 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, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Croatia exported $1.07M to Mongolia. The main products exported from Croatia to Mongolia were Insulated Wire ($165k), Electric Generating Sets ($164k), and Air Conditioners ($163k). During the last 5 years the exports of Croatia to Mongolia have increased at an annualized rate of 16.1%, from $510k in 2018 to $1.07M in 2023.

In 2018, Mongolia exported $893 to Croatia. The main products exported from Mongolia to Croatia were Electric Motor Parts ($518) and Knit Sweaters ($375). During the last 5 years the exports of Mongolia to Croatia have increased at an annualized rate of 46.6%, from $132 in 2023 to $893 in 2018.

Exports from Croatia () to Mongolia () (2023)

Exports from Mongolia () to Croatia () (2023)

Latest Data

Trade between Croatia () and Mongolia ()

Croatia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Croatia
Top DestinationItaly$3.05B

Mongolia
Top DestinationChina$13.1B

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

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

In 2023, countries that imported more from Mongolia than Croatia included China ($13.1B), Switzerland ($842M), and Thailand ($67.1M).

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

Comparative Advantage Croatia - Mongolia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Croatia had a large net trade with Mongolia in the exports of Machines ($642k), Chemical Products ($215k), and Footwear and Headwear ($170k).

During 2018, Mongolia had a large net trade with Croatia in the exports of Machines ($518) and Textiles ($375).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Croatia Mongolia+$141kTelephones

Top Product Potential Mongolia Croatia+$22.2kKnit Sweaters

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Croatia () to Mongolia () (2023)

Exports from Mongolia () to Croatia () (2023)

Latest Data

Trade between Croatia () and Mongolia ()

Croatia Exports

Market Competitiveness

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

Comparative Advantage Croatia - Mongolia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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