2023
Flag  
GDP
$45.1BCURRENT US$
Rnk 96 / 195
2013-2023
Flag
GDP GROWTH
47.2%CURRENT US$
Rnk 80 / 195
2023
Flag
 GDP
$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP GROWTH
41%CURRENT US$
Rnk 92 / 195
2023
Flag
GDP PC 
$3,686CURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP PC GROWTH
28.4%CURRENT US$
Rnk 82 / 195
2023
Flag
GDP PC
$21,865CURRENT US$
Rnk 60 / 196
2013-2023
Flag
GDP PC GROWTH
54.7%CURRENT US$
Rnk 41 / 195

About

Bolivia-Croatia Trade: In 2023, Bolivia exported $560k to Croatia. The main products that Bolivia exported to Croatia were Buckwheat ($427k), Coconuts, Brazil Nuts, and Cashews ($133k), and Other Processed Fruits and Nuts ($523). Over the past 5 years the exports of Bolivia to Croatia have decreased at an annualized rate of 5.16%, from $730k in 2018 to $560k in 2023.

In 2023, Bolivia did not export any services to Croatia.

Croatia-Bolivia Trade: In 2023, Croatia exported $173k to Bolivia. The main products that Croatia exported to Bolivia were Electric Furnaces ($48.2k), Rock Wool ($35.4k), and Knit Sweaters ($26.6k). Over the past 5 years the exports of Croatia to Bolivia have increased at an annualized rate of 12.5%,  from $96.1k in 2018 to $173k in 2023.

In 2023, Croatia did not export any services to Bolivia.

Comparison: In 2023,  Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B). 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, Bolivia exported $560k to Croatia. The main products exported from Bolivia to Croatia were Buckwheat ($427k), Coconuts, Brazil Nuts, and Cashews ($133k), and Other Processed Fruits and Nuts ($523). During the last 5 years the exports of Bolivia to Croatia have decreased at an annualized rate of 5.16%, from $730k in 2018 to $560k in 2023.

In 2018, Croatia exported $173k to Bolivia. The main products exported from Croatia to Bolivia were Electric Furnaces ($48.2k), Rock Wool ($35.4k), and Knit Sweaters ($26.6k). During the last 5 years the exports of Croatia to Bolivia have increased at an annualized rate of 12.5%, from $96.1k in 2023 to $173k in 2018.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
Brazil$1.54B
Croatia
Top Destination
Italy$3.05B

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

In 2023, countries that imported more from Bolivia than Croatia included Brazil ($1.54B), India ($1.33B), and Argentina ($1.15B).

In 2023, countries that imported more from Croatia than Bolivia included Italy ($3.05B), Slovenia ($2.45B), and Germany ($2.58B).

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

Comparative Advantage Bolivia - Croatia

Flow
Scale

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

During 2023, Bolivia had a large net trade with Croatia in the exports of Vegetable Products ($560k) and Foodstuffs ($523).

During 2018, Croatia had a large net trade with Bolivia in the exports of Machines ($49.8k), Textiles ($36.9k), and Stone And Glass ($35.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Croatia+$71.4kCoconuts, Brazil Nuts, and Cashews
Top Product Potential Croatia Bolivia+$78.8kPlastic Pipes

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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Economic Complexity

Competitive Landscape

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

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

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