Croatia2021 Economic Complexity Trade : 0.81, Rank 34 of 131
2021 Economic Complexity Technology : 0.17, Rank 46 of 96
2021 Economic Complexity Research : 0.27, Rank 43 of 140
2021 Product Exports | Imports: $22.8B | $34.9B, 72 of 226 | 65 of 226
2021 Per Capita Product Exports | Imports: $5.85k | $8.95k, 45 of 219 | 40 of 219
Overview In 2021, Croatia was the number 73 economy in the world in terms of GDP (current US$), the number 72 in total exports, the number 65 in total imports, the number 48 economy in terms of GDP per capita (current US$) and the number 34 most complex economy according to the Economic Complexity Index (ECI) .
Exports The top exports of Croatia are Refined Petroleum ($1.04B), Crude Petroleum ($982M), Packaged Medicaments ($851M), Electricity ($565M), and Electrical Transformers ($500M), exporting mostly to Italy ($2.82B), Germany ($2.63B), Slovenia ($2.33B), Bosnia and Herzegovina ($1.83B), and Hungary ($1.82B).
Imports The top imports of Croatia are Crude Petroleum ($1.35B), Cars ($1.28B), Refined Petroleum ($1.25B), Petroleum Gas ($1.08B), and Packaged Medicaments ($1.05B), importing mostly from Germany ($4.67B), Italy ($4.34B), Slovenia ($3.64B), Hungary ($2.52B), and Austria ($1.98B).
Location Croatia borders Bosnia and Herzegovina, Hungary, Montenegro, Serbia, and Slovenia by land and Italy by sea.
The following section uses the most recent trade data from partners of Croatia.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Top Export (2021): Refined Petroleum, $1.04B
Top Destination (2021): Italy, $2.82B
In 2021, Croatia exported a total of $22.8B, making it the number 72 exporter in the world. During the last five reported years the exports of Croatia have changed by $8.29B from $14.5B in 2016 to $22.8B in 2021.
The most recent exports are led by Refined Petroleum ($1.04B), Crude Petroleum ($982M), Packaged Medicaments ($851M), Electricity ($565M), and Electrical Transformers ($500M). The most common destination for the exports of Croatia are Italy ($2.82B), Germany ($2.63B), Slovenia ($2.33B), Bosnia and Herzegovina ($1.83B), and Hungary ($1.82B).
Croatia Exports Services (2020): $8.74B
Croatia Imports Services (2020): $3.67B
In 2020, Croatia exported $8.74B worth of services. The top services exported by Croatia in 2020 were Personal travel ($5.35B), Miscellaneous business, professional, and technical services ($1.34B), Other transport ($640M), Construction abroad ($219M), and Telecommunications services ($189M).
The top services imported by Croatia in 2020 were Miscellaneous business, professional, and technical services ($1.09B), Personal travel ($559M), Other transport ($369M), Other royalties and license fees ($274M), and Business travel ($215M).
Croatia has a high level of specialization in Handguns (82.9), Densified Wood (60.8), Other Leather Articles (44.7), Iron Ingots (30), and Roofing Tiles (27.3). Specialization is measured using RCA, an index that takes the ratio between Croatia observed and expected exports in each product.
The highest complexity exports of Croatia according to the product complexity index (PCI) are Machinery; for working rubber or plastics or for the manufacture of products... (1.68), Parts & accessories suited for use only/mainly with machines of headings 8456-8465,... (1.61), Machines; calendering or other rolling machines, for other than metal or glass... (1.55), Textile fabrics impregnated, coated, covered or laminated with plastics, other than those... (1.48), and Railway or tramway coaches, vans and trucks; self-propelled tenders, other than those... (1.46). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The top export opportunities for Croatia according to the relatedness index, were Aluminium Bars (0.38), Raw Iron Bars (0.38), Toilet Paper (0.37), Other Small Iron Pipes (0.37), and Confectionery Sugar (0.37). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Croatia is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.
During the last 20 years Croatia's economy has become relatively more complex, moving from the 36th to the 34th position in the ECI rank.
These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.
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