Croatia2019 Economic Complexity : 0.81, Rank 37 of 146
2019 Product Exports | Imports: $17.6B | $29.1B, 75 of 225 | 68 of 225
2019 Per Capita Product Exports | Imports: $4.33k | $7.16k, 42 of 219 | 32 of 219
2018 Service Exports | Imports : $20.4B | $6.13B, 49 of 125 | 75 of 125
Overview In 2019 Croatia was the number 78 economy in the world in terms of GDP (current US$), the number 75 in total exports, the number 68 in total imports, the number 59 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 ($1.1B), Packaged Medicaments ($695M), Cars ($430M), Blood, antisera, vaccines, toxins and cultures ($430M), and Sawn Wood ($429M), exporting mostly to Italy ($2.35B), Germany ($2.24B), Slovenia ($1.82B), Bosnia and Herzegovina ($1.63B), and Austria ($1.01B).
Imports The top imports of Croatia are Crude Petroleum ($1.63B), Cars ($1.47B), Refined Petroleum ($1.4B), Packaged Medicaments ($869M), and Electricity ($784M), importing mostly from Italy ($4.13B), Germany ($4.12B), Slovenia ($3.25B), Hungary ($2.17B), and Austria ($1.65B).
Location Croatia borders Bosnia and Herzegovina, Hungary, Montenegro, Serbia, and Slovenia by land and Italy by sea.
Top Export (2019): Refined Petroleum, $1.1B
Top Destination (2019): Italy, $2.35B
In 2019, Croatia exported a total of $17.6B, making it the number 75 exporter in the world. During the last five reported years the exports of Croatia have changed by $2.01B from $15.6B in 2014 to $17.6B in 2019.
The most recent exports are led by Refined Petroleum ($1.1B), Packaged Medicaments ($695M), Cars ($430M), Blood, antisera, vaccines, toxins and cultures ($430M), and Sawn Wood ($429M). The most common destination for the exports of Croatia are Italy ($2.35B), Germany ($2.24B), Slovenia ($1.82B), Bosnia and Herzegovina ($1.63B), and Austria ($1.01B).
Top Import (2019): Crude Petroleum, $1.63B
Top Origin (2019): Italy, $4.13B
In 2019 Croatia imported $29.1B, making it the number 68 trade destination in the world. During the last five reported years the imports of Croatia changed by $5.66B from $23.4B in 2014 to $29.1B in 2019.
The most recent imports of Croatia are led by Crude Petroleum ($1.63B), Cars ($1.47B), Refined Petroleum ($1.4B), Packaged Medicaments ($869M), and Electricity ($784M). The most common import partners for Croatia are Italy ($4.13B), Germany ($4.12B), Slovenia ($3.25B), Hungary ($2.17B), and Austria ($1.65B).
Fastest Growing Export Markets (2018 - 2019)
Fastest Growing Import Markets (2018 - 2019)
Croatia Exports Services (2018): $20.4B
Croatia Imports Services (2018): $6.13B
In 2018, Croatia exported $20.4B worth of services. The top services exported by Croatia in 2018 were Travel ($15.5B), Other business services ($2.18B), Transportation ($2.01B), Construction services ($320M), and Personal, cultural, and recreational services ($268M).
The top services imported by Croatia in 2018 were Travel ($2.36B), Other business services ($1.73B), Transportation ($1.1B), Royalties and license fees ($434M), and Personal, cultural, and recreational services ($216M).
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.
*The tariffs applied to imports for Croatia are:
Croatia has a high level of specialization in Other Leather Articles (53.1), Handguns (52.2), Roofing Tiles (30.6), Non-Retail Artificial Staple Fibers Yarn (23.4), and Vegetable and Mineral Carvings (22.2). 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 Electric solder, weld, braze,hot metal spray equipment (1.75), Machines for hot working of glass, light bulbs, etc (1.67), Machinery for rubber, plastics industry (1.57), Moulds for metals (except ingot), plastic, rubber, etc (1.54), and Knives, cutting blades, for machines and appliances (1.5). 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, are Raw Iron Bars (0.39), Other Vegetables (0.38), Frozen Fruits and Nuts (0.38), Wood Stakes (0.38), 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.
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.
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.
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.