2023
Flag  
GDP
$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
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GDP GROWTH
41%CURRENT US$
Rnk 92 / 195
2023
Flag
 GDP
$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH
23%CURRENT US$
Rnk 132 / 195
2023
Flag
GDP PC 
$21,865CURRENT US$
Rnk 60 / 195
2013-2023
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GDP PC GROWTH
54.7%CURRENT US$
Rnk 41 / 195
2023
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GDP PC
$54,701CURRENT US$
Rnk 20 / 196
2013-2023
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GDP PC GROWTH
16.5%CURRENT US$
Rnk 113 / 195

About

Croatia-Belgium Trade: In 2023, Croatia exported $254M to Belgium. The main products that Croatia exported to Belgium were Vaccines, blood, antisera, toxins and cultures ($48.5M), Veneer Sheets ($21.7M), and Cars ($12.8M). Over the past 5 years the exports of Croatia to Belgium have decreased at an annualized rate of 4.48%, from $320M in 2018 to $254M in 2023.

In 2020, Croatia exported services to Belgium worth $184M, with Transportation ($51.6M), Travel ($50.5M), and Other business services ($42.4M) being the largest in terms of value.

Belgium-Croatia In N/A, Belgium did not export any products to Croatia.

In 2020, Belgium exported services to Croatia worth $45.7M, with Other business services ($27.4M), Travel ($6.85M), and Transportation ($3.43M) being the largest in terms of value.

Comparison: In 2023,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B). That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Croatia exported $254M to Belgium. The main products exported from Croatia to Belgium were Vaccines, blood, antisera, toxins and cultures ($48.5M), Veneer Sheets ($21.7M), and Cars ($12.8M). During the last 5 years the exports of Croatia to Belgium have decreased at an annualized rate of 4.48%, from $320M in 2018 to $254M in 2023.

Belgium does not register exports to Croatia. The main products exported from Belgium to Croatia were Vaccines, blood, antisera, toxins and cultures ($97.1M), Cars ($80.4M), and Large Construction Vehicles ($28.5M).

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

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

Latest Data

Trade between Croatia (Flag) and Belgium (Flag)

Croatia Exports

Belgium Exports

Market Competitiveness

Color
Croatia
Top Destination
Italy$3.05B
Belgium
Top Destination
France$85.6B

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

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

In 2023, countries that imported more from Belgium than Croatia included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

Comparative Advantage Croatia - Belgium

Flow
Scale

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

During 2023, Croatia had a large net trade with Belgium in the exports of Chemical Products ($74.1M), Machines ($40.7M), and Wood Products ($28.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Croatia Belgium+$18MPackaged Medicaments
Top Product Potential Belgium Croatia+$30.2MCars

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, Croatia exported services to Belgium worth $184M, with Transportation ($51.6M), Travel ($50.5M), and Other business services ($42.4M) being the largest in terms of value.

In 2020, Belgium exported services to Croatia worth $45.7M, with Other business services ($27.4M), Travel ($6.85M), and Transportation ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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