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2023
Flag → Flag
Exports $5.63MRnk 86 / 191
2023
Flag → Flag
Top Product $1.95MMachinery Having Individual Functions
2023
Flag → Flag
Exports $754MRnk 10 / 137
2023
Flag → Flag
Top Product $753MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 34 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag  
GDP$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP GROWTH41%CURRENT US$
Rnk 92 / 195
2023
Flag
 GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC $21,865CURRENT US$
Rnk 60 / 195
2013-2023
Flag
GDP PC GROWTH54.7%CURRENT US$
Rnk 41 / 195
2023
Flag
GDP PC$7,126CURRENT US$
Rnk 103 / 196
2013-2023
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GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

Croatia-Azerbaijan Trade: In 2023, Croatia exported $5.63M to Azerbaijan. The main products that Croatia exported to Azerbaijan were Machinery Having Individual Functions ($1.95M), Shaving Products ($660k), and Other Animals ($368k). Over the past 5 years the exports of Croatia to Azerbaijan have increased at an annualized rate of 24.9%, from $1.85M in 2018 to $5.63M in 2023.

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

Azerbaijan-Croatia Trade: In 2023, Azerbaijan exported $754M to Croatia. The main products that Azerbaijan exported to Croatia were Crude Petroleum ($753M), Aluminium Bars ($155k), and Other Women's Undergarments ($36.6k). Over the past 5 years the exports of Azerbaijan to Croatia have increased at an annualized rate of 13.5%,  from $401M in 2018 to $754M in 2023.

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

Comparison: In 2023,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B). That same year, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Croatia exported $5.63M to Azerbaijan. The main products exported from Croatia to Azerbaijan were Machinery Having Individual Functions ($1.95M), Shaving Products ($660k), and Other Animals ($368k). During the last 5 years the exports of Croatia to Azerbaijan have increased at an annualized rate of 24.9%, from $1.85M in 2018 to $5.63M in 2023.

In 2018, Azerbaijan exported $754M to Croatia. The main products exported from Azerbaijan to Croatia were Crude Petroleum ($753M), Aluminium Bars ($155k), and Other Women's Undergarments ($36.6k). During the last 5 years the exports of Azerbaijan to Croatia have increased at an annualized rate of 13.5%, from $401M in 2023 to $754M in 2018.

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

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

Latest Data

Trade between Croatia (Flag) and Azerbaijan (Flag)

Croatia Exports

Azerbaijan Exports

Market Competitiveness

Color
Croatia
Top DestinationItaly$3.05B
Azerbaijan
Top DestinationItaly$11.4B

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

In 2023, countries that imported more from Croatia than Azerbaijan included Slovenia ($2.45B), Germany ($2.58B), and Bosnia and Herzegovina ($1.3B).

In 2023, countries that imported more from Azerbaijan than Croatia included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

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

Comparative Advantage Croatia - Azerbaijan

Flow
Scale

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

During 2023, Croatia had a large net trade with Azerbaijan in the exports of Machines ($3.26M), Chemical Products ($984k), and Animal Products ($368k).

During 2018, Azerbaijan had a large net trade with Croatia in the exports of Mineral Products ($753M), Metals ($155k), and Textiles ($134k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Croatia Azerbaijan+$679kPackaged Medicaments
Top Product Potential Azerbaijan Croatia+$16.1kPetroleum Gas

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 Croatia and Azerbaijan. This means that a dot/product with the flag of Croatia indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Croatia.

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

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