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2022
Flag → Flag
Exports $256MRnk 20 / 182
2022
Flag → Flag
Top Product $42.5MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $748MRnk 51 / 222
2022
Flag → Flag
Top Product $132MVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP GROWTH24%CURRENT US$
Rnk 113 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC $18,413CURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 186
2022
Flag
GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Croatia-Belgium Trade: In 2022, Croatia exported $256M to Belgium. The main products that Croatia exported to Belgium were Vaccines, blood, antisera, toxins and cultures ($42.5M), Veneer Sheets ($24.1M), and Packaged Medicaments ($12.9M). Over the past 5 years the exports of Croatia to Belgium have decreased at an annualized rate of 2.95%, from $297M in 2017 to $256M in 2022.

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 Trade: In 2022, Belgium exported $748M to Croatia. The main products that Belgium exported to Croatia were Vaccines, blood, antisera, toxins and cultures ($132M), Cars ($65.1M), and Industrial Fatty Acids, Oils and Alcohols ($56.9M). Over the past 5 years the exports of Belgium to Croatia have increased at an annualized rate of 9.94%,  from $465M in 2017 to $748M in 2022.

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 2022,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Croatia exported $256M to Belgium. The main products exported from Croatia to Belgium were Vaccines, blood, antisera, toxins and cultures ($42.5M), Veneer Sheets ($24.1M), and Packaged Medicaments ($12.9M). During the last 5 years the exports of Croatia to Belgium have decreased at an annualized rate of 2.95%, from $297M in 2017 to $256M in 2022.

In 2017, Belgium exported $748M to Croatia. The main products exported from Belgium to Croatia were Vaccines, blood, antisera, toxins and cultures ($132M), Cars ($65.1M), and Industrial Fatty Acids, Oils and Alcohols ($56.9M). During the last 5 years the exports of Belgium to Croatia have increased at an annualized rate of 9.94%, from $465M in 2022 to $748M in 2017.

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

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

Latest Data

Trade between Croatia (Flag) and Belgium (Flag)

Croatia Exports

Belgium Exports

Market Competitiveness

Color
Croatia
Top DestinationItaly$3.44B
Belgium
Top DestinationGermany$91.9B

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 2022, countries that imported more from Croatia than Belgium included Bosnia and Herzegovina ($2.45B), Slovenia ($2.87B), and Serbia ($1.55B).

In 2022, countries that imported more from Belgium than Croatia included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

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 2022, Croatia had a large net trade with Belgium in the exports of Chemical Products ($73.2M), Machines ($50.3M), and Wood Products ($33M).

During 2017, Belgium had a large net trade with Croatia in the exports of Chemical Products ($262M), Machines ($92M), and Transportation ($84.2M).

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) (2022)

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