Croatia (HRV) and Russia (RUS) Trade | The Observatory of Economic Complexity

About

Croatia-Russia Trade: In 2023, Croatia exported $241M to Russia. The main products that Croatia exported to Russia were Packaged Medicaments ($136M), Knit Socks and Hosiery ($22.1M), and Shaving Products ($14.6M). Over the past 5 years the exports of Croatia to Russia have increased at an annualized rate of 2.74%, from $211M in 2018 to $241M in 2023.

In 2020, Croatia exported services to Russia worth $48.8M, with Travel ($26.8M), Personal, cultural, and recreational services ($11.7M), and Other business services ($5.25M) being the largest in terms of value.

Russia-Croatia Trade: In 2023, Russia exported $63.3M to Croatia. The main products that Russia exported to Croatia were Raw Aluminium ($38.4M), Mixed Mineral or Chemical Fertilizers ($13.9M), and Nitrogenous Fertilizers ($2.35M). Over the past 5 years the exports of Russia to Croatia have decreased at an annualized rate of 32.9%, from $465M in 2018 to $63.3M in 2023.

In 2020, Russia exported services to Croatia worth $18.3M, with Other business services ($9.59M), Transportation ($2.8M), and Travel ($1.85M) 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, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Croatia exported $241M to Russia. The main products exported from Croatia to Russia were Packaged Medicaments ($136M), Knit Socks and Hosiery ($22.1M), and Shaving Products ($14.6M). During the last 5 years the exports of Croatia to Russia have increased at an annualized rate of 2.74%, from $211M in 2018 to $241M in 2023.

In 2018, Russia exported $63.3M to Croatia. The main products exported from Russia to Croatia were Raw Aluminium ($38.4M), Mixed Mineral or Chemical Fertilizers ($13.9M), and Nitrogenous Fertilizers ($2.35M). During the last 5 years the exports of Russia to Croatia have decreased at an annualized rate of 32.9%, from $465M in 2023 to $63.3M in 2018.

Exports from Croatia () to Russia () (2023)

Exports from Russia () to Croatia () (2023)

Latest Data

Trade between Croatia () and Russia ()

Croatia Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Croatia
Top DestinationItaly$3.05B

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Croatia than Russia included Slovenia ($2.45B), Bosnia and Herzegovina ($1.3B), and Austria ($1.24B).

In 2023, countries that imported more from Russia than Croatia included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Croatia - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Croatia had a large net trade with Russia in the exports of Chemical Products ($158M), Textiles ($54.8M), and Machines ($10.4M).

During 2018, Russia had a large net trade with Croatia in the exports of Metals ($38.5M), Chemical Products ($17.5M), and Textiles ($4.88M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Croatia Russia+$27.2MPackaged Medicaments

Top Product Potential Russia Croatia+$93.7MRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

Rus Year

Hrv Year

In 2020, Croatia exported services to Russia worth $48.8M, with Travel ($26.8M), Personal, cultural, and recreational services ($11.7M), and Other business services ($5.25M) being the largest in terms of value.

In 2020, Russia exported services to Croatia worth $18.3M, with Other business services ($9.59M), Transportation ($2.8M), and Travel ($1.85M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Croatia () to Russia () (2020)

Services Exports from Russia () to Croatia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Croatia () to Russia () (2023)

Exports from Russia () to Croatia () (2023)

Latest Data

Trade between Croatia () and Russia ()

Croatia Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Croatia - Russia

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Bilateral Service Trade

Services Exports from Croatia () to Russia () (2020)

Services Exports from Russia () to Croatia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Keep Exploring