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2023
Flag → Flag
Exports $743MRnk 47 / 220
2023
Flag → Flag
Top Product $97.1MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $254MRnk 22 / 191
2023
Flag → Flag
Top Product $48.5MVaccines, blood, antisera, toxins and cultures
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
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Economic Complexity (ECI) ECI 0.76Rnk 34 / 132
2023
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GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
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 GDP$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
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GDP GROWTH41%CURRENT US$
Rnk 92 / 195
2023
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GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
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GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
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GDP PC$21,865CURRENT US$
Rnk 60 / 196
2013-2023
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GDP PC GROWTH54.7%CURRENT US$
Rnk 41 / 195

About

Belgium-Croatia Trade: In 2023, Belgium exported $743M to Croatia. The main products that Belgium exported to Croatia were Vaccines, blood, antisera, toxins and cultures ($97.1M), Cars ($80.4M), and Large Construction Vehicles ($28.5M). Over the past 5 years the exports of Belgium to Croatia have increased at an annualized rate of 10.1%, from $459M in 2018 to $743M in 2023.

In 2020, Belgium exported services to Croatia worth $45.7M, with Other business services ($27.4M), Travel ($6.85M), and Transportation ($3.43M) being the largest in terms of value.

Croatia-Belgium Trade: In 2023, Croatia exported $254M to Belgium. The main products that Croatia exported to Belgium were Vaccines, blood, antisera, toxins and cultures ($48.5M), Veneer Sheets ($21.7M), and Cars ($12.8M). Over the past 5 years the exports of Croatia to Belgium have decreased at an annualized rate of 4.48%,  from $320M in 2018 to $254M in 2023.

In 2020, Croatia exported services to Belgium worth $184M, with Transportation ($51.6M), Travel ($50.5M), and Other business services ($42.4M) being the largest in terms of value.

Comparison: In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B). That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B).

Latest Trends

November, 2024

About

Overview In November 2024, Belgium exported €37M and imported €34.6M from Croatia, resulting in a positive trade balance of €2.44M. Between November 2023 and November 2024 the exports of Belgium have decreased by €-6.53M (-15%) from €43.6M to €37M, while imports increased by €11.9M (52.1%) from €22.8M to €34.6M.

Trade In November 2024, the top exports of Belgium to Croatia were Pharmaceutical products (€17.7M), Cars, tractors, trucks & parts thereof. (€7.2M), Plastics & articles thereof (€4.11M), Machinery, mechanical appliances, & parts (€3.77M), and Optical, photo, & film equipment; medical... (€1.87M). In November 2024 the top imports of Belgium from Croatia were Pharmaceutical products (€4.34M), Machinery, mechanical appliances, & parts (€1.75M), Wood, wood articles, & charcoal (€1.15M), Cars, tractors, trucks & parts thereof. (€1.01M), and Furniture, bedding, lamps, & prefab buildings (€557k).

Growth In November 2024, the decrease in Belgium's year-by-year exports to Croatia was explained primarily by an decrease in product exports in Chemical products n.e.s. (€-10.6M or -90.7%), Pharmaceutical products (€-2.37M or -11.8%), and Cars, tractors, trucks & parts thereof. (€-1.62M or -18.4%). In November 2024, the increase in Belgium's year-by-year imports  from Croatia was explained primarily by an increase in product imports  in Pharmaceutical products (€2.82M or 185%), Machinery, mechanical appliances, & parts (€727k or 71.1%), and Paints, dyes, & varnishes (€74.3k or 156%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-6.53M(-15%)
IMPORT GROWTH (November 2023 - November 2024)€11.9M(52.1%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Croatia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Croatia and Belgium Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $743M to Croatia. The main products exported from Belgium to Croatia were Vaccines, blood, antisera, toxins and cultures ($97.1M), Cars ($80.4M), and Large Construction Vehicles ($28.5M). During the last 5 years the exports of Belgium to Croatia have increased at an annualized rate of 10.1%, from $459M in 2018 to $743M in 2023.

In 2018, Croatia exported $254M to Belgium. The main products exported from Croatia to Belgium were Vaccines, blood, antisera, toxins and cultures ($48.5M), Veneer Sheets ($21.7M), and Cars ($12.8M). During the last 5 years the exports of Croatia to Belgium have decreased at an annualized rate of 4.48%, from $320M in 2023 to $254M in 2018.

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

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

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Croatia
Top DestinationItaly$3.05B

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

In 2023, countries that imported more from Belgium than Croatia included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

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

Comparative Advantage Belgium - Croatia

Flow
Scale

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

During 2023, Belgium had a large net trade with Croatia in the exports of Chemical Products ($190M), Machines ($99.5M), and Transportation ($91.1M).

During 2018, Croatia had a large net trade with Belgium in the exports of Chemical Products ($74.1M), Machines ($40.7M), and Wood Products ($28.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Croatia+$30.2MCars
Top Product Potential Croatia Belgium+$18MPackaged 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, Belgium exported services to Croatia worth $45.7M, with Other business services ($27.4M), Travel ($6.85M), and Transportation ($3.43M) being the largest in terms of value.

In 2020, Croatia exported services to Belgium worth $184M, with Transportation ($51.6M), Travel ($50.5M), and Other business services ($42.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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