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2022
Flag → Flag
Exports $2.96MRnk 93 / 182
2022
Flag → Flag
Top Product $1.14MPackaged Medicaments
2022
Flag → Flag
Exports $2.99MRnk 107 / 187
2022
Flag → Flag
Top Product $2.47MGas Turbines
2022
Flag
Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
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Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP GROWTH24%CURRENT US$
Rnk 113 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
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GDP PC $18,413CURRENT US$
Rnk 56 / 186
2012-2022
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GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 186
2022
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GDP PC$6,630CURRENT US$
Rnk 98 / 186
2012-2022
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GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Croatia-Colombia Trade: In 2022, Croatia exported $2.96M to Colombia. The main products that Croatia exported to Colombia were Packaged Medicaments ($1.14M), Waterproof Footwear ($227k), and Aluminium Foil ($166k). Over the past 5 years the exports of Croatia to Colombia have decreased at an annualized rate of 37.2%, from $30.3M in 2017 to $2.96M in 2022.

In 2009, Croatia exported services to Colombia worth $288k, with Financial services ($288k) being the largest in terms of value.

Colombia-Croatia Trade: In 2022, Colombia exported $2.99M to Croatia. The main products that Colombia exported to Croatia were Gas Turbines ($2.47M), Raw Sugar ($396k), and Bananas ($31k). Over the past 5 years the exports of Colombia to Croatia have decreased at an annualized rate of 16%,  from $7.13M in 2017 to $2.99M in 2022.

In 2022, Colombia did not export any services to Croatia.

Comparison: In 2022,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B). That same year, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Croatia exported $2.96M to Colombia. The main products exported from Croatia to Colombia were Packaged Medicaments ($1.14M), Waterproof Footwear ($227k), and Aluminium Foil ($166k). During the last 5 years the exports of Croatia to Colombia have decreased at an annualized rate of 37.2%, from $30.3M in 2017 to $2.96M in 2022.

In 2017, Colombia exported $2.99M to Croatia. The main products exported from Colombia to Croatia were Gas Turbines ($2.47M), Raw Sugar ($396k), and Bananas ($31k). During the last 5 years the exports of Colombia to Croatia have decreased at an annualized rate of 16%, from $7.13M in 2022 to $2.99M in 2017.

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

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

Latest Data

Trade between Croatia (Flag) and Colombia (Flag)

Croatia Exports

Colombia Exports

Market Competitiveness

Color
Croatia
Top DestinationItaly$3.44B
Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Croatia than Colombia included Slovenia ($2.87B), Hungary ($2.65B), and Italy ($3.44B).

In 2022, countries that imported more from Colombia than Croatia included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

Comparative Advantage Croatia - Colombia

Flow
Scale

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

During 2022, Croatia had a large net trade with Colombia in the exports of Chemical Products ($1.16M), Machines ($648k), and Footwear and Headwear ($368k).

During 2017, Colombia had a large net trade with Croatia in the exports of Machines ($2.48M), Foodstuffs ($397k), and Vegetable Products ($85.1k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Croatia Colombia+$1.98MPackaged Medicaments
Top Product Potential Colombia Croatia+$433kRaw Sugar

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

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

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