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2022
Flag → Flag
Exports $820MRnk 6 / 182
2022
Flag → Flag
Top Product $341MElectricity
2022
Flag → Flag
Exports $632MRnk 7 / 174
2022
Flag → Flag
Top Product $232MElectricity
2022
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Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
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Economic Complexity (ECI) ECI 0.75Rnk 36 / 133
2022
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GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
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GDP GROWTH24%CURRENT US$
Rnk 113 / 186
2022
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 GDP$63.5BCURRENT US$
Rnk 84 / 186
2012-2022
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GDP GROWTH46.6%CURRENT US$
Rnk 71 / 186
2022
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GDP PC $18,413CURRENT US$
Rnk 56 / 186
2012-2022
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GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 186
2022
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GDP PC$9,394CURRENT US$
Rnk 80 / 186
2012-2022
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GDP PC GROWTH56.1%CURRENT US$
Rnk 32 / 186

About

Croatia-Serbia Trade: In 2022, Croatia exported $820M to Serbia. The main products that Croatia exported to Serbia were Electricity ($341M), Gold ($47.6M), and Soybeans ($47.3M). Over the past 5 years the exports of Croatia to Serbia have increased at an annualized rate of 8.38%, from $549M in 2017 to $820M in 2022.

In 2022, Croatia did not export any services to Serbia.

Serbia-Croatia Trade: In 2022, Serbia exported $632M to Croatia. The main products that Serbia exported to Croatia were Electricity ($232M), Mixed Mineral or Chemical Fertilizers ($52.6M), and Seed Oils ($38.9M). Over the past 5 years the exports of Serbia to Croatia have increased at an annualized rate of 19.7%,  from $258M in 2017 to $632M in 2022.

In 2019, Serbia exported services to Croatia worth $238M, with Travel ($99.6M), Other business services ($57.1M), and Transportation ($43.7M) being the largest in terms of value.

Comparison: In 2022,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B). That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Croatia exported $820M to Serbia. The main products exported from Croatia to Serbia were Electricity ($341M), Gold ($47.6M), and Soybeans ($47.3M). During the last 5 years the exports of Croatia to Serbia have increased at an annualized rate of 8.38%, from $549M in 2017 to $820M in 2022.

In 2017, Serbia exported $632M to Croatia. The main products exported from Serbia to Croatia were Electricity ($232M), Mixed Mineral or Chemical Fertilizers ($52.6M), and Seed Oils ($38.9M). During the last 11 years the exports of Serbia to Croatia have increased at an annualized rate of 19.7%, from $258M in 2006 to $632M in 2017.

Exports from Croatia (Flag) to Serbia (Flag) (2022)

Exports from Serbia (Flag) to Croatia (Flag) (2022)

Latest Data

Trade between Croatia (Flag) and Serbia (Flag)

Croatia Exports

Serbia Exports

Market Competitiveness

Color
Croatia
Top DestinationItaly$3.44B
Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from Croatia than Serbia included Slovenia ($2.87B), Italy ($3.44B), and Hungary ($2.65B).

In 2022, countries that imported more from Serbia than Croatia included Germany ($4B), China ($1.3B), and Russia ($1.19B).

Difference in imports from Serbia (Flag) and Croatia (Flag) (2022)

Comparative Advantage Croatia - Serbia

Flow
Scale

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

During 2022, Croatia had a large net trade with Serbia in the exports of Mineral Products ($413M), Machines ($212M), and Foodstuffs ($182M).

During 2017, Serbia had a large net trade with Croatia in the exports of Mineral Products ($275M), Foodstuffs ($150M), and Metals ($127M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Croatia Serbia+$11.4MRefined Petroleum
Top Product Potential Serbia Croatia+$16.1MRefined 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.

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Bilateral Service Trade

In 2019, Serbia exported services to Croatia worth $238M, with Travel ($99.6M), Other business services ($57.1M), and Transportation ($43.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia (Flag) to Croatia (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Croatia (Flag) and Serbia (Flag) (2022)

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