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2023
Flag → Flag
Exports $70.5MRnk 96 / 142
2023
Flag → Flag
Top Product $9.62MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $14.4MRnk 66 / 191
2023
Flag → Flag
Top Product $4.31MMachinery Having Individual Functions
2023
Flag
Economic Complexity (ECI) ECI 1.85Rnk 4 / 132
2023
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Economic Complexity (ECI) ECI 0.76Rnk 34 / 132
2023
Flag  
GDP$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
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GDP GROWTH25%CURRENT US$
Rnk 127 / 195
2023
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 GDP$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
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GDP GROWTH41%CURRENT US$
Rnk 92 / 195
2023
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GDP PC $33,121CURRENT US$
Rnk 41 / 195
2013-2023
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GDP PC GROWTH21.9%CURRENT US$
Rnk 99 / 195
2023
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GDP PC$21,865CURRENT US$
Rnk 60 / 196
2013-2023
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GDP PC GROWTH54.7%CURRENT US$
Rnk 41 / 195

About

South Korea-Croatia Trade: In 2023, South Korea exported $70.5M to Croatia. The main products that South Korea exported to Croatia were Vaccines, blood, antisera, toxins and cultures ($9.62M), Cars ($7.49M), and Large Construction Vehicles ($5.59M). Over the past 5 years the exports of South Korea to Croatia have decreased at an annualized rate of 22.1%, from $246M in 2018 to $70.5M in 2023.

In 2023, South Korea did not export any services to Croatia.

Croatia-South Korea Trade: In 2023, Croatia exported $14.4M to South Korea. The main products that Croatia exported to South Korea were Machinery Having Individual Functions ($4.31M), Motor vehicles; parts and accessories (8701 to 8705) ($1.12M), and Musical Instrument Parts ($1.1M). Over the past 5 years the exports of Croatia to South Korea have decreased at an annualized rate of 20%,  from $43.9M in 2018 to $14.4M in 2023.

In 2020, Croatia exported services to South Korea worth $10.5M, with Other business services ($5.6M), Travel ($3.77M), and Transportation ($457k) being the largest in terms of value.

Comparison: In 2023,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B). That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B).

Latest Trends

December, 2024

About

Overview In December 2024, South Korea exported $12.1M and imported $3.95M from Croatia, resulting in a positive trade balance of $8.14M. Between December 2023 and December 2024 the exports of South Korea have increased by $4.04M (50.1%) from $8.05M to $12.1M, while imports decreased by $-15.5M (-79.7%) from $19.4M to $3.95M.

Trade In December 2024, the top exports of South Korea to Croatia were Cars, tractors, trucks & parts thereof. ($1.71M), Plastics & articles thereof ($1.51M), Machinery, mechanical appliances, & parts ($766k), Rubber & articles thereof ($712k), and Electrical machinery and electronics ($539k). In December 2024 the top imports of South Korea from Croatia were Ores, slag and ash ($3.97M), Machinery, mechanical appliances, & parts ($368k), Electrical machinery and electronics ($338k), Tobacco & substitutes ($165k), and Oils seeds, oleaginous fruits, grains, straw... ($77k).

Growth In December 2024, the increase in South Korea's year-by-year exports to Croatia was explained primarily by an increase in product exports in Plastics & articles thereof ($620k or 69.4%), Pharmaceutical products ($270k or 9k%), and Chemical products n.e.s. ($140k or 206%). In December 2024, the decrease in South Korea's year-by-year imports  from Croatia was explained primarily by an decrease in product imports  in Ores, slag and ash ($-728k or -15.5%), Knitted clothing accesories ($-125k or -62.2%), and Machinery, mechanical appliances, & parts ($-79k or -17.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$4.04M(50.1%)
IMPORT GROWTH (December 2023 - December 2024)$-15.5M(-79.7%)

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

To check Croatia and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Croatia and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Korea exported $70.5M to Croatia. The main products exported from South Korea to Croatia were Vaccines, blood, antisera, toxins and cultures ($9.62M), Cars ($7.49M), and Large Construction Vehicles ($5.59M). During the last 5 years the exports of South Korea to Croatia have decreased at an annualized rate of 22.1%, from $246M in 2018 to $70.5M in 2023.

In 2018, Croatia exported $14.4M to South Korea. The main products exported from Croatia to South Korea were Machinery Having Individual Functions ($4.31M), Motor vehicles; parts and accessories (8701 to 8705) ($1.12M), and Musical Instrument Parts ($1.1M). During the last 5 years the exports of Croatia to South Korea have decreased at an annualized rate of 20%, from $43.9M in 2023 to $14.4M in 2018.

Exports from South Korea (Flag) to Croatia (Flag) (2023)

Exports from Croatia (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top DestinationChina$162B
Croatia
Top DestinationItaly$3.05B

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

In 2023, countries that imported more from South Korea than Croatia included China ($162B), United States ($118B), and Hong Kong ($28.8B).

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

Difference in imports from Croatia (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Croatia

Flow
Scale

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

During 2023, South Korea had a large net trade with Croatia in the exports of Machines ($25.2M), Chemical Products ($14.8M), and Plastics and Rubbers ($12.5M).

During 2018, Croatia had a large net trade with South Korea in the exports of Machines ($5.61M), Instruments ($2.26M), and Transportation ($1.79M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Croatia+$18.2MCars
Top Product Potential Croatia South Korea+$1.74MKnit Sweaters

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 South Korea worth $10.5M, with Other business services ($5.6M), Travel ($3.77M), and Transportation ($457k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Croatia (Flag) to South Korea (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Croatia (Flag) (2023)

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