Observatory of Economic Complexity

Flag Croatia

Econ Complexity (2018): 0.74, Rank 37 of 137

Product Exports (2018): $17.8B, Rank 76 of 222

Exports Per Capita (2018): $4.36k, Rank 142 of 219

Product Imports (2018): $29B, Rank 68 of 221

Imports Per Capita (2018): $7.09k, Rank 139 of 219

Service Exports (2017): $14.2B, Rank 43 of 139

Service Imports (2017): $4.06B, Rank 73 of 139

GDP (2018): $61B, CURRENT US$
Rank 76 of 196

GDP growth (2008 - 2018): -13.3%, CURRENT US$
Rank 188 of 196

GDP PC (2018): $14,910, CURRENT US$
Rank 63 of 196

GDP PC GROWTH (2008 - 2018): -8.58%, CURRENT US$
Rank 166 of 196

About

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Overview: In 2018 Croatia was the number 76 economy in the world in terms of GDP (current US$), the number 76 in total exports, the number 68 in total imports, the number 63 economy in terms of GDP per capita (current US$) and the number 37 most complex economy according to the Economic Complexity Index (ECI)

Exports: The top exports of Croatia are Refined Petroleum ($1.3B), Packaged Medicaments ($704M), Sawn Wood ($462M), Blood, antisera, vaccines, toxins and cultures ($381M), and Electrical Transformers ($346M), exporting mostly to Italy ($2.48B), Germany ($2.29B), Slovenia ($1.89B), Bosnia and Herzegovina ($1.54B), and Austria ($1.13B).

Imports: The top imports of Croatia are Crude Petroleum ($2.3B), Cars ($1.49B), Refined Petroleum ($1.04B), Packaged Medicaments ($802M), and Electricity ($637M), importing mostly from Germany ($4.16B), Italy ($3.76B), Slovenia ($3B), Hungary ($2.15B), and Austria ($1.77B).

Location: Croatia borders Bosnia and Herzegovina, Hungary, Montenegro, Serbia, and Slovenia by land and Italy by sea.

Product Trade

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Yearly Exports

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Value
Depth

Top Export (2018): Refined Petroleum, $1.3B

Top Destination (2018): Italy, $2.48B

In 2018, Croatia exported a total of $17.8B, making it the number 76 exporter in the world. During the last five reported years the exports of Croatia have changed by $4.92B from $12.9B in 2013 to $17.8B in 2018.

The most recent exports are led by Refined Petroleum ($1.3B), Packaged Medicaments ($704M), Sawn Wood ($462M), Blood, antisera, vaccines, toxins and cultures ($381M), and Electrical Transformers ($346M). The most common destination for the exports of Croatia are Italy ($2.48B), Germany ($2.29B), Slovenia ($1.89B), Bosnia and Herzegovina ($1.54B), and Austria ($1.13B).

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Yearly Imports

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Value
Depth

Top Import (2018): Crude Petroleum, $2.3B

Top Origin (2018): Germany, $4.16B

In 2018 Croatia imported $29B, making it the number 68 trade destination in the world. During the last five reported years the imports of Croatia changed by $7.1B from $21.9B in 2013 to $29B in 2018.

The most recent imports of Croatia are led by Crude Petroleum ($2.3B), Cars ($1.49B), Refined Petroleum ($1.04B), Packaged Medicaments ($802M), and Electricity ($637M). The most common import partners for Croatia are Germany ($4.16B), Italy ($3.76B), Slovenia ($3B), Hungary ($2.15B), and Austria ($1.77B).

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Monthly Trade

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Market Growth

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

Service Trade

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Service Trade

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Croatia Exports Services (2017): $14.2B

Croatia Imports Services (2017): $4.06B

In 2017, Croatia exported $14.2B worth of services. The top services exported by Croatia in 2017 were Travel ($10.7B), Transportation ($1.29B), Miscellaneous business, professional, and technical services ($1.01B), Computer and information services ($734M), and Personal, cultural, and recreational services ($164M).

The top services imported by Croatia in 2017 were Travel ($1.34B), Miscellaneous business, professional, and technical services ($830M), Transportation ($755M), Computer and information services ($411M), and Royalties and license fees ($297M).

Forecasts

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Trade Forecasts

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This section shows forecasts for total product exports and imports for Croatia. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Croatia are Sugar beet (178%) and Whey (173%).

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

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*The tariffs applied to imports for Croatia are:
109: Caribbean Forum (CARIFORUM) - European Union Economic Partnership Agreements (EPA)
119: Customs Union between EU and Turkey
121: Economic Partnership Agreement (EPA) between the EU and the Southern African Development Community (SADC) EPA Group
122: EU preferential tariff for sugar producing countries
123: European Union Generalized System of Preference
124: European Union GSP for Least Developed Countries
136: Most Favoured Nation duty rate treatement
160: Preferential tariff for Albania
161: Preferential tariff for Algeria
162: Preferential tariff for Andorra
172: Preferential tariff for Bosnia and Herzegovina
177: Preferential tariff for Cameroon
181: Preferential tariff for Central American Common Market CACM (Spanish: Mercado Común Centroamericano MCCA) Central American Integration System SICA
182: Preferential tariff for Chile
189: Preferential tariff for Colombia
205: Preferential tariff for Ecuador
206: Preferential tariff for Egypt
209: Preferential tariff for EPA countries
218: Preferential tariff for European Union countries
222: Preferential tariff for Faroe Islands
223: Preferential tariff for Fiji
224: Preferential tariff for for occupied Palestinian territory
226: Preferential tariff for Georgia
227: Preferential tariff for Ghana
238: Preferential tariff for Iceland
239: Preferential tariff for India
244: Preferential tariff for Israel
247: Preferential tariff for Jordan
249: Preferential tariff for Korea, Republic of
255: Preferential tariff for Lebanon
258: Preferential tariff for Liechtenstein
262: Preferential tariff for Macedonia
270: Preferential tariff for Mexico
272: Preferential tariff for Montenegro
273: Preferential tariff for Morocco
281: Preferential tariff for Norway
283: Preferential tariff for Overseas Countries and Territories
284: Preferential tariff for Pakistan
287: Preferential tariff for Papua New Guinea
289: Preferential tariff for Peru
293: Preferential tariff for San Marino
295: Preferential tariff for Selected Eastern and Southern African countries(Madagascar, Mauritius, Seychelles and Zimbabwe)
299: Preferential tariff for Singapore
302: Preferential tariff for South Africa
306: Preferential tariff for Switzerland
308: Preferential tariff for Syria
318: Preferential tariff for the republic of Moldova
321: Preferential tariff for Tunisia
325: Preferential tariff for Ukraine
341: Preferential tariffs for countries benefiting from the special incentive arrangement for sustainable development and good governance

Economic Complexity

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Economic Complexity Ranking

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Scale

During the last 20 years Croatia's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨34th to the 37th⁩ 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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Most Specialized Products by RCA Index

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Croatia has a high level of specialization in Handguns (65), Military Weapons (48.6), Other Leather Articles (48), Roofing Tiles (25.2), and Non-Retail Artificial Staple Fibers Yarn (24.4). Specialization is measured using RCA, an index that takes the ratio between Croatia observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Croatia according to the product complexity index (PCI) are Machines for hot working of glass, light bulbs, etc (1.67), Knives, cutting blades, for machines and appliances (1.58), Parts and accessories for machine tools (1.52), Moulds for metals (except ingot), plastic, rubber, etc (1.42), and Machinery for paper pulp, paper, paperboard making nes (1.37). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Croatia according to the relatedness index, are Wood Stakes (0.4), Raw Iron Bars (0.4), Other Vegetables (0.39), Frozen Fruits and Nuts (0.39), and Aluminium Bars (0.38). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Croatia is not specialized in.

Product Space

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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 it is currently specialized in.

Diversification Frontier

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Filter
Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a 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 emissions.

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