2022
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GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
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 GDP
$71BCURRENT US$
Rnk 80 / 186
2012-2022
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GDP GROWTH
24%CURRENT US$
Rnk 113 / 186
2022
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GDP PC 
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186
2022
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GDP PC
$18,413CURRENT US$
Rnk 56 / 186
2012-2022
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GDP PC GROWTH
37.3%CURRENT US$
Rnk 53 / 186

About

Finland-Croatia Trade: In 2022, Finland exported $70.4M to Croatia. The main products that Finland exported to Croatia were Electrical Transformers ($4.21M), Large Flat-Rolled Stainless Steel ($3.22M), and Kaolin Coated Paper ($3.18M). Over the past 5 years the exports of Finland to Croatia have increased at an annualized rate of 13.2%, from $37.8M in 2017 to $70.4M in 2022.

In 2020, Finland exported services to Croatia worth $16M, with Other business services ($6.85M), Computer and information services ($5.71M), and Transportation ($1.14M) being the largest in terms of value.

Croatia-Finland Trade: In 2022, Croatia exported $52.8M to Finland. The main products that Croatia exported to Finland were Electrical Transformers ($16.6M), Chocolate ($3.22M), and Tractors ($2.81M). Over the past 5 years the exports of Croatia to Finland have increased at an annualized rate of 3.47%,  from $44.5M in 2017 to $52.8M in 2022.

In 2020, Croatia exported services to Finland worth $26.3M, with Other business services ($17M), Travel ($5.71M), and Computer and information services ($2.63M) being the largest in terms of value.

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). 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, Finland exported $70.4M to Croatia. The main products exported from Finland to Croatia were Electrical Transformers ($4.21M), Large Flat-Rolled Stainless Steel ($3.22M), and Kaolin Coated Paper ($3.18M). During the last 5 years the exports of Finland to Croatia have increased at an annualized rate of 13.2%, from $37.8M in 2017 to $70.4M in 2022.

In 2017, Croatia exported $52.8M to Finland. The main products exported from Croatia to Finland were Electrical Transformers ($16.6M), Chocolate ($3.22M), and Tractors ($2.81M). During the last 5 years the exports of Croatia to Finland have increased at an annualized rate of 3.47%, from $44.5M in 2022 to $52.8M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Croatia (Flag)

Finland Exports

Croatia Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Croatia
Top Destination
Italy$3.44B

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

In 2022, countries that imported more from Finland than Croatia included Sweden ($9.1B), United States ($9.17B), and Germany ($9.99B).

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

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

Comparative Advantage Finland - Croatia

Flow
Scale

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

During 2022, Finland had a large net trade with Croatia in the exports of Machines ($29.2M), Paper Goods ($9.45M), and Plastics and Rubbers ($6.87M).

During 2017, Croatia had a large net trade with Finland in the exports of Machines ($30.4M), Foodstuffs ($4.07M), and Transportation ($3.57M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Croatia+$2.46MTelephones
Top Product Potential Croatia Finland+$2.95MPackaged 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, Finland exported services to Croatia worth $16M, with Other business services ($6.85M), Computer and information services ($5.71M), and Transportation ($1.14M) being the largest in terms of value.

In 2020, Croatia exported services to Finland worth $26.3M, with Other business services ($17M), Travel ($5.71M), and Computer and information services ($2.63M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Finland (Flag) and Croatia (Flag) (2022)

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