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2023
Flag → Flag
Exports $367MRnk 25 / 200
2023
Flag → Flag
Top Product $102MRefined Copper
2023
Flag → Flag
Exports $167MRnk 25 / 191
2023
Flag → Flag
Top Product $20.3MBeauty Products
2023
Flag
Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 34 / 132
2023
Flag  
GDP$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH83.4%CURRENT US$
Rnk 30 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP GROWTH41%CURRENT US$
Rnk 92 / 195
2023
Flag
GDP PC $15,886CURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP PC GROWTH107%CURRENT US$
Rnk 6 / 195
2023
Flag
GDP PC$21,865CURRENT US$
Rnk 60 / 196
2013-2023
Flag
GDP PC GROWTH54.7%CURRENT US$
Rnk 41 / 195

About

Bulgaria-Croatia Trade: In 2023, Bulgaria exported $367M to Croatia. The main products that Bulgaria exported to Croatia were Refined Copper ($102M), Refined Petroleum ($24.7M), and Packaged Medicaments ($20.3M). Over the past 5 years the exports of Bulgaria to Croatia have increased at an annualized rate of 9.5%, from $233M in 2018 to $367M in 2023.

In 2020, Bulgaria exported services to Croatia worth $27.5M, with Other business services ($8.91M), Transportation ($8.57M), and Travel ($3.54M) being the largest in terms of value.

Croatia-Bulgaria Trade: In 2023, Croatia exported $167M to Bulgaria. The main products that Croatia exported to Bulgaria were Beauty Products ($20.3M), Rolled Tobacco ($10.6M), and Railway Freight Cars ($9.05M). Over the past 5 years the exports of Croatia to Bulgaria have increased at an annualized rate of 5.03%,  from $131M in 2018 to $167M in 2023.

In 2020, Croatia exported services to Bulgaria worth $27M, with Other business services ($7.88M), Travel ($6.62M), and Insurance services ($4.57M) being the largest in terms of value.

Comparison: In 2023,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B). That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bulgaria exported $367M to Croatia. The main products exported from Bulgaria to Croatia were Refined Copper ($102M), Refined Petroleum ($24.7M), and Packaged Medicaments ($20.3M). During the last 5 years the exports of Bulgaria to Croatia have increased at an annualized rate of 9.5%, from $233M in 2018 to $367M in 2023.

In 2018, Croatia exported $167M to Bulgaria. The main products exported from Croatia to Bulgaria were Beauty Products ($20.3M), Rolled Tobacco ($10.6M), and Railway Freight Cars ($9.05M). During the last 5 years the exports of Croatia to Bulgaria have increased at an annualized rate of 5.03%, from $131M in 2023 to $167M in 2018.

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

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

Latest Data

Trade between Bulgaria (Flag) and Croatia (Flag)

Bulgaria Exports

Croatia Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.84B
Croatia
Top DestinationItaly$3.05B

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

In 2023, countries that imported more from Bulgaria than Croatia included Romania ($5.63B), Germany ($6.84B), and Greece ($3.04B).

In 2023, countries that imported more from Croatia than Bulgaria included Slovenia ($2.45B), Bosnia and Herzegovina ($1.3B), and Hungary ($1.23B).

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

Comparative Advantage Bulgaria - Croatia

Flow
Scale

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

During 2023, Bulgaria had a large net trade with Croatia in the exports of Metals ($130M), Foodstuffs ($42.5M), and Machines ($29.2M).

During 2018, Croatia had a large net trade with Bulgaria in the exports of Chemical Products ($38.5M), Foodstuffs ($26.1M), and Machines ($24.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Croatia+$12.8MPetroleum Gas
Top Product Potential Croatia Bulgaria+$3.9MPackaged 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, Bulgaria exported services to Croatia worth $27.5M, with Other business services ($8.91M), Transportation ($8.57M), and Travel ($3.54M) being the largest in terms of value.

In 2020, Croatia exported services to Bulgaria worth $27M, with Other business services ($7.88M), Travel ($6.62M), and Insurance services ($4.57M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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