Hungary (HUN) and Croatia (HRV) Trade | The Observatory of Economic Complexity

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Hungary-Croatia Trade: In 2022, Hungary exported $1.8B to Croatia. The main products that Hungary exported to Croatia were Electricity ($1.07B), Packaged Medicaments ($132M), and Cars ($123M). Over the past 5 years the exports of Hungary to Croatia have increased at an annualized rate of 58.1%, from $182M in 2017 to $1.8B in 2022.

In 2020, Hungary exported services to Croatia worth $118M, with Transportation ($52.2M), Other business services ($27M), and Computer and information services ($12.2M) being the largest in terms of value.

Croatia-Hungary Trade: In 2022, Croatia exported $545M to Hungary. The main products that Croatia exported to Hungary were Petroleum Gas ($1.1B), Electricity ($405M), and Crude Petroleum ($381M). Over the past 5 years the exports of Croatia to Hungary have increased at an annualized rate of 49%, from $74.2M in 2017 to $545M in 2022.

In 2020, Croatia exported services to Hungary worth $242M, with Travel ($138M), Other business services ($42.4M), and Transportation ($35.3M) being the largest in terms of value.

Comparison: In 2022, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hungary exported $1.8B to Croatia. The main products exported from Hungary to Croatia were Electricity ($1.07B), Packaged Medicaments ($132M), and Cars ($123M). During the last 5 years the exports of Hungary to Croatia have increased at an annualized rate of 58.1%, from $182M in 2017 to $1.8B in 2022.

In 2017, Croatia exported $545M to Hungary. The main products exported from Croatia to Hungary were Petroleum Gas ($1.1B), Electricity ($405M), and Crude Petroleum ($381M). During the last 22 years the exports of Croatia to Hungary have increased at an annualized rate of 49%, from $74.2M in 1995 to $545M in 2017.

Exports from Hungary () to Croatia () (2022)

Exports from Croatia () to Hungary () (2022)

Latest Data

Trade between Hungary () and Croatia ()

Hungary Exports

Date

Croatia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Croatia
Top DestinationItaly$3.44B

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

In 2022, countries that imported more from Hungary than Croatia included Germany ($35.5B), Romania ($7.94B), and Slovakia ($6.78B).

In 2022, countries that imported more from Croatia than Hungary included Bosnia and Herzegovina ($2.45B), Slovenia ($2.87B), and Montenegro ($330M).

Difference in imports from Croatia () and Hungary () (2022)

Comparative Advantage Hungary - Croatia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Croatia in the exports of Mineral Products ($1.28B), Chemical Products ($408M), and Machines ($295M).

During 2017, Croatia had a large net trade with Hungary in the exports of Mineral Products ($1.94B), Chemical Products ($125M), and Vegetable Products ($70.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Croatia+$62.2MCars

Top Product Potential Croatia Hungary+$28.9MRefined 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

Hrv Year

Hun Year

In 2020, Hungary exported services to Croatia worth $118M, with Transportation ($52.2M), Other business services ($27M), and Computer and information services ($12.2M) being the largest in terms of value.

In 2020, Croatia exported services to Hungary worth $242M, with Travel ($138M), Other business services ($42.4M), and Transportation ($35.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Hungary () to Croatia () (2022)

Exports from Croatia () to Hungary () (2022)

Latest Data

Trade between Hungary () and Croatia ()

Hungary Exports

Croatia Exports

Market Competitiveness

Difference in imports from Croatia () and Hungary () (2022)

Comparative Advantage Hungary - Croatia

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Hungary () and Croatia () (2022)

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