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2023
Flag → Flag
Exports $27.8MRnk 135 / 216
2023
Flag → Flag
Top Product $7.7MAir Conditioners
2023
Flag → Flag
Exports $12.5MRnk 71 / 191
2023
Flag → Flag
Top Product $2.62MRubberworking Machinery
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 34 / 132
2023
Flag  
GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP GROWTH41%CURRENT US$
Rnk 92 / 195
2023
Flag
GDP PC $7,182CURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 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

Thailand-Croatia Trade: In 2023, Thailand exported $27.8M to Croatia. The main products that Thailand exported to Croatia were Air Conditioners ($7.7M), Other Leather Articles ($3.88M), and Motorcycles and cycles ($1.15M). Over the past 5 years the exports of Thailand to Croatia have decreased at an annualized rate of 2.21%, from $31.1M in 2018 to $27.8M in 2023.

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

Croatia-Thailand Trade: In 2023, Croatia exported $12.5M to Thailand. The main products that Croatia exported to Thailand were Rubberworking Machinery ($2.62M), Metal Molds ($921k), and Shaving Products ($844k). Over the past 5 years the exports of Croatia to Thailand have decreased at an annualized rate of 8.06%,  from $34.2M in 2018 to $12.5M in 2023.

In 2020, Croatia exported services to Thailand worth $1.26M, with Computer and information services ($571k), Other business services ($571k), and Travel ($114k) being the largest in terms of value.

Comparison: In 2023,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $27.8M to Croatia. The main products exported from Thailand to Croatia were Air Conditioners ($7.7M), Other Leather Articles ($3.88M), and Motorcycles and cycles ($1.15M). During the last 5 years the exports of Thailand to Croatia have decreased at an annualized rate of 2.21%, from $31.1M in 2018 to $27.8M in 2023.

In 2018, Croatia exported $12.5M to Thailand. The main products exported from Croatia to Thailand were Rubberworking Machinery ($2.62M), Metal Molds ($921k), and Shaving Products ($844k). During the last 5 years the exports of Croatia to Thailand have decreased at an annualized rate of 8.06%, from $34.2M in 2023 to $12.5M in 2018.

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

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

Latest Data

Trade between Thailand (Flag) and Croatia (Flag)

Thailand Exports

Croatia Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$58.5B
Croatia
Top DestinationItaly$3.05B

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

In 2023, countries that imported more from Thailand than Croatia included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

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

Comparative Advantage Thailand - Croatia

Flow
Scale

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

During 2023, Thailand had a large net trade with Croatia in the exports of Machines ($10.9M), Plastics and Rubbers ($3.94M), and Animal Hides ($3.92M).

During 2018, Croatia had a large net trade with Thailand in the exports of Machines ($6.24M), Chemical Products ($1.53M), and Paper Goods ($1.22M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Croatia+$5.4MAir Conditioners
Top Product Potential Croatia Thailand+$1.89MPackaged Medicaments

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 Thailand worth $1.26M, with Computer and information services ($571k), Other business services ($571k), and Travel ($114k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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