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2022
Flag → Flag
Exports $26.1MRnk 133 / 218
2022
Flag → Flag
Top Product $8.14MAir Conditioners
2022
Flag → Flag
Exports $13.4MRnk 66 / 182
2022
Flag → Flag
Top Product $6.06MRubberworking Machinery
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP GROWTH24%CURRENT US$
Rnk 113 / 186
2022
Flag
GDP PC $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC$18,413CURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 186

About

Thailand-Croatia Trade: In 2022, Thailand exported $26.1M to Croatia. The main products that Thailand exported to Croatia were Air Conditioners ($8.14M), Sugar Preserved Foods ($1.56M), and Rubber Apparel ($1.28M). Over the past 5 years the exports of Thailand to Croatia have decreased at an annualized rate of 11.8%, from $48.9M in 2017 to $26.1M in 2022.

In 2022, Thailand did not export any services to Croatia.

Croatia-Thailand Trade: In 2022, Croatia exported $13.4M to Thailand. The main products that Croatia exported to Thailand were Rubberworking Machinery ($6.06M), Other Printed Material ($1.29M), and Packaged Medicaments ($878k). Over the past 5 years the exports of Croatia to Thailand have increased at an annualized rate of 10.6%,  from $8.13M in 2017 to $13.4M in 2022.

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 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). 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
Value

In 2022, Thailand exported $26.1M to Croatia. The main products exported from Thailand to Croatia were Air Conditioners ($8.14M), Sugar Preserved Foods ($1.56M), and Rubber Apparel ($1.28M). During the last 5 years the exports of Thailand to Croatia have decreased at an annualized rate of 11.8%, from $48.9M in 2017 to $26.1M in 2022.

In 2017, Croatia exported $13.4M to Thailand. The main products exported from Croatia to Thailand were Rubberworking Machinery ($6.06M), Other Printed Material ($1.29M), and Packaged Medicaments ($878k). During the last 5 years the exports of Croatia to Thailand have increased at an annualized rate of 10.6%, from $8.13M in 2022 to $13.4M in 2017.

Exports from Thailand (Flag) to Croatia (Flag) (2022)

Exports from Croatia (Flag) to Thailand (Flag) (2022)

Latest Data

Trade between Thailand (Flag) and Croatia (Flag)

Thailand Exports

Croatia Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Croatia
Top DestinationItaly$3.44B

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 2022, countries that imported more from Thailand than Croatia included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Croatia than Thailand included Slovenia ($2.87B), Bosnia and Herzegovina ($2.45B), and Hungary ($2.65B).

Difference in imports from Croatia (Flag) and Thailand (Flag) (2022)

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 2022, Thailand had a large net trade with Croatia in the exports of Machines ($12M), Plastics and Rubbers ($5.24M), and Foodstuffs ($3.1M).

During 2017, Croatia had a large net trade with Thailand in the exports of Machines ($8.01M), Chemical Products ($1.47M), and Paper Goods ($1.39M).

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) (2022)

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