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2022
Flag → Flag
Exports $424MRnk 26 / 206
2022
Flag → Flag
Top Product $108MRefined Copper
2022
Flag → Flag
Exports $161MRnk 24 / 182
2022
Flag → Flag
Top Product $15.5MRolled Tobacco
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
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Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
Flag  
GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
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GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP GROWTH24%CURRENT US$
Rnk 113 / 186
2022
Flag
GDP PC $13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC$18,413CURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 186

About

Bulgaria-Croatia Trade: In 2022, Bulgaria exported $424M to Croatia. The main products that Bulgaria exported to Croatia were Refined Copper ($108M), Refined Petroleum ($75.9M), and Knit Women's Suits ($15M). Over the past 5 years the exports of Bulgaria to Croatia have increased at an annualized rate of 21%, from $163M in 2017 to $424M in 2022.

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 2022, Croatia exported $161M to Bulgaria. The main products that Croatia exported to Bulgaria were Rolled Tobacco ($15.5M), Beauty Products ($12.6M), and Rock Wool ($5.82M). Over the past 5 years the exports of Croatia to Bulgaria have increased at an annualized rate of 10.4%,  from $98.2M in 2017 to $161M in 2022.

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 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $424M to Croatia. The main products exported from Bulgaria to Croatia were Refined Copper ($108M), Refined Petroleum ($75.9M), and Knit Women's Suits ($15M). During the last 5 years the exports of Bulgaria to Croatia have increased at an annualized rate of 21%, from $163M in 2017 to $424M in 2022.

In 2017, Croatia exported $161M to Bulgaria. The main products exported from Croatia to Bulgaria were Rolled Tobacco ($15.5M), Beauty Products ($12.6M), and Rock Wool ($5.82M). During the last 5 years the exports of Croatia to Bulgaria have increased at an annualized rate of 10.4%, from $98.2M in 2022 to $161M in 2017.

Exports from Bulgaria (Flag) to Croatia (Flag) (2022)

Exports from Croatia (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and Croatia (Flag)

Bulgaria Exports

Croatia Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.91B
Croatia
Top DestinationItaly$3.44B

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 2022, countries that imported more from Bulgaria than Croatia included Romania ($6.55B), Germany ($6.91B), and Greece ($2.93B).

In 2022, countries that imported more from Croatia than Bulgaria included Bosnia and Herzegovina ($2.45B), Slovenia ($2.87B), and Hungary ($2.65B).

Difference in imports from Croatia (Flag) and Bulgaria (Flag) (2022)

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 2022, Bulgaria had a large net trade with Croatia in the exports of Metals ($137M), Mineral Products ($84.3M), and Chemical Products ($40.1M).

During 2017, Croatia had a large net trade with Bulgaria in the exports of Chemical Products ($29.9M), Foodstuffs ($28.9M), and Machines ($22.3M).

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) (2022)

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