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2023
Flag → Flag
Exports $298MRnk 110 / 220
2023
Flag → Flag
Top Product $81.4MRefined Petroleum
2023
Flag → Flag
Exports $50.6MRnk 48 / 191
2023
Flag → Flag
Top Product $5.64MScrap Vessels
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 34 / 132
2023
Flag  
GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP GROWTH41%CURRENT US$
Rnk 92 / 195
2023
Flag
GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC$21,865CURRENT US$
Rnk 60 / 196
2013-2023
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GDP PC GROWTH54.7%CURRENT US$
Rnk 41 / 195

About

India-Croatia Trade: In 2023, India exported $298M to Croatia. The main products that India exported to Croatia were Refined Petroleum ($81.4M), Nitrogen Heterocyclic Compounds ($18.2M), and Coated Flat-Rolled Iron ($15.3M). Over the past 5 years the exports of India to Croatia have increased at an annualized rate of 13.1%, from $160M in 2018 to $298M in 2023.

In 2023, India did not export any services to Croatia.

Croatia-India Trade: In 2023, Croatia exported $50.6M to India. The main products that Croatia exported to India were Scrap Vessels ($5.64M), Electrical Transformers ($5.3M), and Lifting Machinery ($3.44M). Over the past 5 years the exports of Croatia to India have increased at an annualized rate of 4.05%,  from $39.9M in 2018 to $50.6M in 2023.

In 2020, Croatia exported services to India worth $5.83M, with Travel ($3.08M), Royalties and license fees ($1.03M), and Other business services ($800k) being the largest in terms of value.

Comparison: In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B). That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B).

Latest Trends

November, 2024

About

Overview In November 2024, India exported $19.1M and imported $6.56M from Croatia, resulting in a positive trade balance of $12.6M. Between November 2023 and November 2024 the exports of India have increased by $2.61M (15.8%) from $16.5M to $19.1M, while imports increased by $1.59M (32%) from $4.97M to $6.56M.

Trade In November 2024, the top exports of India to Croatia were Rmg Cotton Incl Accessories ($1.62M), Residul Chemicl And Alled Prod ($1.2M), Bulk Drugs, Drug Intermediates ($1.09M), Ceramics And Allied Products ($939k), and Other Construction Machinery ($753k). In November 2024 the top imports of India from Croatia were Project Goods ($39.1M), Pulp And Waste Paper ($759k), Vegetable Oils ($658k), Residul Chemicl And Alled Prod ($468k), and Plywood And Allied Products ($362k).

Growth In November 2024, the increase in India's year-by-year exports to Croatia was explained primarily by an increase in product exports in Rmg Cotton Incl Accessories ($1.37M or 538%), Other Construction Machinery ($753k or 761k%), and Ceramics And Allied Products ($403k or 75.4%). In November 2024, the increase in India's year-by-year imports  from Croatia was explained primarily by an increase in product imports  in Residul Chemicl And Alled Prod ($456k or 4.04k%), Plywood And Allied Products ($214k or 145%), and Electronics Instruments ($141k or 23.4k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)$2.61M(15.8%)
IMPORT GROWTH (November 2023 - November 2024)$1.59M(32%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Croatia and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Croatia and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $298M to Croatia. The main products exported from India to Croatia were Refined Petroleum ($81.4M), Nitrogen Heterocyclic Compounds ($18.2M), and Coated Flat-Rolled Iron ($15.3M). During the last 5 years the exports of India to Croatia have increased at an annualized rate of 13.1%, from $160M in 2018 to $298M in 2023.

In 2018, Croatia exported $50.6M to India. The main products exported from Croatia to India were Scrap Vessels ($5.64M), Electrical Transformers ($5.3M), and Lifting Machinery ($3.44M). During the last 5 years the exports of Croatia to India have increased at an annualized rate of 4.05%, from $39.9M in 2023 to $50.6M in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Croatia
Top DestinationItaly$3.05B

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

In 2023, countries that imported more from India than Croatia included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

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

Comparative Advantage India - Croatia

Flow
Scale

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

During 2023, India had a large net trade with Croatia in the exports of Mineral Products ($81.7M), Chemical Products ($68.6M), and Metals ($39.2M).

During 2018, Croatia had a large net trade with India in the exports of Machines ($20.4M), Transportation ($7.94M), and Chemical Products ($6.92M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Croatia+$23.1MPackaged Medicaments
Top Product Potential Croatia India+$7.12MElectrical Transformers

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 India worth $5.83M, with Travel ($3.08M), Royalties and license fees ($1.03M), and Other business services ($800k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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