Flag Hungary / Croatia Flag

Exports FlagFlag  (2018): $2.15B, Rnk 16 / 194

Top Product FlagFlag (2018): $288M, Electricity

Exports FlagFlag (2018): $601M, Rnk 7 / 184

Top Product FlagFlag (2018): $110M, Electricity

Economic Complexity of Flag (2018): ECI 1.44, Rnk 14 / 137

Economic Complexity of Flag (2018): ECI 0.74, Rnk 37 / 137

Hungary-Croatia: In 2018, Hungary exported $2.15B to Croatia. The main products exported from Hungary to Croatia were Electricity ($288M), Petroleum Gas ($274M), and Cars ($160M). During the last 23 years the exports of Hungary to Croatia have increased at an annualized rate of 11.6%, from $172M in 1995 to $2.15B in 2018. In 2016, Hungary exported services to Croatia worth $107M, with Other business services ($29.5M), Transportation ($23.9M), and Travel ($23.2M) being the largest in terms of value.

Croatia-Hungary: In 2018, Croatia exported $601M to Hungary. The main products exported from Croatia to Hungary were Electricity ($110M), Refined Petroleum ($21.1M), and Seed Oils ($18.9M). During the last 23 years the exports of Croatia to Hungary have increased at an annualized rate of 10.1%, from $65.5M in 1995 to $601M in 2018. In 2016, Croatia exported services to Hungary worth $217M, with Travel ($153M), Other business services ($22.9M), and Transportation ($20.1M) being the largest in terms of value.

Comparison: In 2018, Hungary ranked 14 in the Economic Complexity Index (ECI 1.44), and 35 in total exports ($122B). That same year, Croatia ranked 37 in the Economic Complexity Index (ECI 0.74), and 76 in total exports ($17.8B). N/A

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Hungary exported $2.15B to Croatia. The main products exported from Hungary to Croatia were Electricity ($288M), Petroleum Gas ($274M), and Cars ($160M). During the last 23 years the exports of Hungary to Croatia have increased at an annualized rate of 11.6%, from $172M in 1995 to $2.15B in 2018.

In 2018, Croatia exported $601M to Hungary. The main products exported from Croatia to Hungary were Electricity ($110M), Refined Petroleum ($21.1M), and Seed Oils ($18.9M). During the last 23 years the exports of Croatia to Hungary have increased at an annualized rate of 10.1%, from $65.5M in 1995 to $601M in 2018.

Market Competitiveness

#permalink to section
Measure

Hungary
Top Destination
: Germany, $32.6B

Croatia
Top Destination
: Italy, $2.48B

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 2018, countries that imported more from Hungary than Croatia were Germany ($32.6B), Romania ($6.18B), and Slovakia ($5.76B).

In 2018, countries that imported more from Croatia than Hungary were Bosnia and Herzegovina ($1.54B), Slovenia ($1.89B), and Gibraltar ($175M).

Comparative Advantage Hungary - Croatia

#permalink to section
Depth

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

During 2018, Hungary had a large net trade with Croatia in the exports of Mineral Products ($675M), Chemical Products ($336M), and Machines ($259M).

During 2018, Croatia had a large net trade with Hungary in the exports of Mineral Products ($153M), Chemical Products ($74.3M), and Foodstuffs ($57.1M).

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Hungary and Croatia. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

#permalink to section

In 2016, Hungary exported services to Croatia worth $107M, with Other business services ($29.5M), Transportation ($23.9M), and Travel ($23.2M) being the largest in terms of value.

In 2016, Croatia exported services to Hungary worth $217M, with Travel ($153M), Other business services ($22.9M), and Transportation ($20.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Hungary has comparative advantage over Croatia. Similarly, the more red a dot/product is, the more Croatia has comparative advantage over Hungary.