2023
Flag  
GDP
$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH
16%CURRENT US$
Rnk 150 / 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 
$53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH
1.51%CURRENT US$
Rnk 152 / 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

Canada-Croatia Trade: In 2023, Canada exported $35.9M to Croatia. The main products that Canada exported to Croatia were Dried Legumes ($5.58M), Electric Soldering Equipment ($3.96M), and Machinery Having Individual Functions ($3.88M). Over the past 5 years the exports of Canada to Croatia have decreased at an annualized rate of 10.9%, from $63.8M in 2018 to $35.9M in 2023.

In 2020, Canada exported services to Croatia worth $746k, with Computer and information services ($746k) being the largest in terms of value.

Croatia-Canada Trade: In 2023, Croatia exported $74.4M to Canada. The main products that Croatia exported to Canada were Packaged Medicaments ($16M), Aluminium Foil ($7.35M), and Vaccines, blood, antisera, toxins and cultures ($6.61M). Over the past 5 years the exports of Croatia to Canada have decreased at an annualized rate of 3.4%,  from $88.4M in 2018 to $74.4M in 2023.

In 2020, Croatia exported services to Canada worth $12.7M, with Computer and information services ($5.14M), Travel ($3.08M), and Other business services ($3.08M) being the largest in terms of value.

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). 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, Canada exported $35.9M to Croatia. The main products exported from Canada to Croatia were Dried Legumes ($5.58M), Electric Soldering Equipment ($3.96M), and Machinery Having Individual Functions ($3.88M). During the last 5 years the exports of Canada to Croatia have decreased at an annualized rate of 10.9%, from $63.8M in 2018 to $35.9M in 2023.

In 2018, Croatia exported $74.4M to Canada. The main products exported from Croatia to Canada were Packaged Medicaments ($16M), Aluminium Foil ($7.35M), and Vaccines, blood, antisera, toxins and cultures ($6.61M). During the last 5 years the exports of Croatia to Canada have decreased at an annualized rate of 3.4%, from $88.4M in 2023 to $74.4M in 2018.

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

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

Market Competitiveness

Color
Canada
Top Destination
United States$410B
Croatia
Top Destination
Italy$3.05B

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

In 2023, countries that imported more from Canada than Croatia included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

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

Comparative Advantage Canada - Croatia

Flow
Scale

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

During 2023, Canada had a large net trade with Croatia in the exports of Machines ($14.2M), Vegetable Products ($6.3M), and Foodstuffs ($4.33M).

During 2018, Croatia had a large net trade with Canada in the exports of Chemical Products ($23.5M), Machines ($15.3M), and Foodstuffs ($8.56M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Croatia+$2.51MPackaged Medicaments
Top Product Potential Croatia Canada+$12.8MPackaged 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, Canada exported services to Croatia worth $746k, with Computer and information services ($746k) being the largest in terms of value.

In 2020, Croatia exported services to Canada worth $12.7M, with Computer and information services ($5.14M), Travel ($3.08M), and Other business services ($3.08M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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