2023
Flag  
GDP
$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP GROWTH
41%CURRENT US$
Rnk 92 / 195
2023
Flag
 GDP
$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH
27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC 
$21,865CURRENT US$
Rnk 60 / 195
2013-2023
Flag
GDP PC GROWTH
54.7%CURRENT US$
Rnk 41 / 195
2023
Flag
GDP PC
$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH
26.1%CURRENT US$
Rnk 84 / 195

About

Croatia-Portugal Trade: In 2023, Croatia exported $74.3M to Portugal. The main products that Croatia exported to Portugal were Knit Socks and Hosiery ($10.7M), Mattresses ($5.02M), and Seats ($4.61M). Over the past 5 years the exports of Croatia to Portugal have decreased at an annualized rate of 0.67%, from $76.9M in 2018 to $74.3M in 2023.

In 2020, Croatia exported services to Portugal worth $7.65M, with Travel ($5.25M), Other business services ($914k), and Computer and information services ($800k) being the largest in terms of value.

Portugal-Croatia Trade: In 2023, Portugal exported $70.7M to Croatia. The main products that Portugal exported to Croatia were Rubber Tires ($7.05M), Uncoated Paper ($5.4M), and Cars ($5.24M). Over the past 5 years the exports of Portugal to Croatia have increased at an annualized rate of 6.58%,  from $48.2M in 2018 to $70.7M in 2023.

In 2020, Portugal exported services to Croatia worth $3.43M, with Travel ($3.43M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Croatia exported $74.3M to Portugal. The main products exported from Croatia to Portugal were Knit Socks and Hosiery ($10.7M), Mattresses ($5.02M), and Seats ($4.61M). During the last 5 years the exports of Croatia to Portugal have decreased at an annualized rate of 0.67%, from $76.9M in 2018 to $74.3M in 2023.

In 2018, Portugal exported $70.7M to Croatia. The main products exported from Portugal to Croatia were Rubber Tires ($7.05M), Uncoated Paper ($5.4M), and Cars ($5.24M). During the last 5 years the exports of Portugal to Croatia have increased at an annualized rate of 6.58%, from $48.2M in 2023 to $70.7M in 2018.

Exports from Croatia (Flag) to Portugal (Flag) (2023)

Exports from Portugal (Flag) to Croatia (Flag) (2023)

Latest Data

Trade between Croatia (Flag) and Portugal (Flag)

Croatia Exports

Portugal Exports

Market Competitiveness

Color
Croatia
Top Destination
Italy$3.05B
Portugal
Top Destination
Spain$17.7B

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

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

In 2023, countries that imported more from Portugal than Croatia included Spain ($17.7B), France ($9.19B), and United States ($6.41B).

Difference in imports from Portugal (Flag) and Croatia (Flag) (2023)

Comparative Advantage Croatia - Portugal

Flow
Scale

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

During 2023, Croatia had a large net trade with Portugal in the exports of Textiles ($28.1M), Miscellaneous ($9.97M), and Chemical Products ($9.48M).

During 2018, Portugal had a large net trade with Croatia in the exports of Plastics and Rubbers ($12M), Machines ($11.1M), and Textiles ($11M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Croatia Portugal+$3.52MPackaged Medicaments
Top Product Potential Portugal Croatia+$7.39MCars

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

In 2020, Croatia exported services to Portugal worth $7.65M, with Travel ($5.25M), Other business services ($914k), and Computer and information services ($800k) being the largest in terms of value.

In 2020, Portugal exported services to Croatia worth $3.43M, with Travel ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Croatia (Flag) to Portugal (Flag) (2020)

Services Exports from Portugal (Flag) to Croatia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Croatia (Flag) and Portugal (Flag) (2023)

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