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2023
Flag → Flag
Exports $293MRnk 50 / 217
2023
Flag → Flag
Top Product $46.5MPackaged Medicaments
2023
Flag → Flag
Exports $163MRnk 27 / 191
2023
Flag → Flag
Top Product $53.2MElectrical Transformers
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 34 / 132
2023
Flag  
GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP GROWTH41%CURRENT US$
Rnk 92 / 195
2023
Flag
GDP PC $68,454CURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195
2023
Flag
GDP PC$21,865CURRENT US$
Rnk 60 / 196
2013-2023
Flag
GDP PC GROWTH54.7%CURRENT US$
Rnk 41 / 195

About

Denmark-Croatia Trade: In 2023, Denmark exported $293M to Croatia. The main products that Denmark exported to Croatia were Packaged Medicaments ($46.5M), Pig Meat ($41.3M), and Casein ($23.5M). Over the past 5 years the exports of Denmark to Croatia have increased at an annualized rate of 13%, from $159M in 2018 to $293M in 2023.

In 2020, Denmark exported services to Croatia worth $96.9M, with Transportation ($62.7M), Other business services ($13M), and Royalties and license fees ($5.83M) being the largest in terms of value.

Croatia-Denmark Trade: In 2023, Croatia exported $163M to Denmark. The main products that Croatia exported to Denmark were Electrical Transformers ($53.2M), Packaged Medicaments ($24.1M), and Harvesting Machinery ($5.92M). Over the past 5 years the exports of Croatia to Denmark have increased at an annualized rate of 19.7%,  from $66.1M in 2018 to $163M in 2023.

In 2020, Croatia exported services to Denmark worth $64.9M, with Other business services ($27.4M), Travel ($18.2M), and Transportation ($14.4M) being the largest in terms of value.

Comparison: In 2023,  Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). 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, Denmark exported $293M to Croatia. The main products exported from Denmark to Croatia were Packaged Medicaments ($46.5M), Pig Meat ($41.3M), and Casein ($23.5M). During the last 5 years the exports of Denmark to Croatia have increased at an annualized rate of 13%, from $159M in 2018 to $293M in 2023.

In 2018, Croatia exported $163M to Denmark. The main products exported from Croatia to Denmark were Electrical Transformers ($53.2M), Packaged Medicaments ($24.1M), and Harvesting Machinery ($5.92M). During the last 5 years the exports of Croatia to Denmark have increased at an annualized rate of 19.7%, from $66.1M in 2023 to $163M in 2018.

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

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

Latest Data

Trade between Denmark (Flag) and Croatia (Flag)

Denmark Exports

Croatia Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$14.8B
Croatia
Top DestinationItaly$3.05B

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

In 2023, countries that imported more from Denmark than Croatia included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

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

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

Comparative Advantage Denmark - Croatia

Flow
Scale

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

During 2023, Denmark had a large net trade with Croatia in the exports of Chemical Products ($89.2M), Animal Products ($87.6M), and Machines ($48.5M).

During 2018, Croatia had a large net trade with Denmark in the exports of Machines ($82M), Chemical Products ($30.5M), and Metals ($10.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Denmark Croatia+$18.9MPackaged Medicaments
Top Product Potential Croatia Denmark+$8.73MPackaged 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, Denmark exported services to Croatia worth $96.9M, with Transportation ($62.7M), Other business services ($13M), and Royalties and license fees ($5.83M) being the largest in terms of value.

In 2020, Croatia exported services to Denmark worth $64.9M, with Other business services ($27.4M), Travel ($18.2M), and Transportation ($14.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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