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2022
Flag → Flag
Exports $135MRnk 26 / 182
2022
Flag → Flag
Top Product $21.6MPackaged Medicaments
2022
Flag → Flag
Exports $224MRnk 55 / 218
2022
Flag → Flag
Top Product $39.2MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag  
GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP GROWTH24%CURRENT US$
Rnk 113 / 186
2022
Flag
 GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 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$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186

About

Croatia-Denmark Trade: In 2022, Croatia exported $135M to Denmark. The main products that Croatia exported to Denmark were Packaged Medicaments ($21.6M), Electrical Transformers ($8.58M), and Insulated Wire ($7.17M). Over the past 5 years the exports of Croatia to Denmark have increased at an annualized rate of 13.8%, from $70.6M in 2017 to $135M in 2022.

In 2020, Croatia exported services to Denmark worth $64.9M, with Other business services ($27.4M), Travel ($18.2M), and Transportation ($14.4M) being the largest in terms of value.

Denmark-Croatia Trade: In 2022, Denmark exported $224M to Croatia. The main products that Denmark exported to Croatia were Packaged Medicaments ($39.2M), Pig Meat ($19.8M), and Casein ($17.7M). Over the past 5 years the exports of Denmark to Croatia have increased at an annualized rate of 0.2%,  from $222M in 2017 to $224M in 2022.

In 2020, Denmark exported services to Croatia worth $96.9M, with Transportation ($62.7M), Other business services ($13M), and Royalties and license fees ($5.83M) 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Croatia exported $135M to Denmark. The main products exported from Croatia to Denmark were Packaged Medicaments ($21.6M), Electrical Transformers ($8.58M), and Insulated Wire ($7.17M). During the last 5 years the exports of Croatia to Denmark have increased at an annualized rate of 13.8%, from $70.6M in 2017 to $135M in 2022.

In 2017, Denmark exported $224M to Croatia. The main products exported from Denmark to Croatia were Packaged Medicaments ($39.2M), Pig Meat ($19.8M), and Casein ($17.7M). During the last 5 years the exports of Denmark to Croatia have increased at an annualized rate of 0.2%, from $222M in 2022 to $224M in 2017.

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

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

Latest Data

Trade between Croatia (Flag) and Denmark (Flag)

Croatia Exports

Denmark Exports

Market Competitiveness

Color
Croatia
Top DestinationItaly$3.44B
Denmark
Top DestinationGermany$18.9B

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

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

In 2022, countries that imported more from Denmark than Croatia included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

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

Comparative Advantage Croatia - Denmark

Flow
Scale

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

During 2022, Croatia had a large net trade with Denmark in the exports of Machines ($38.5M), Chemical Products ($28.5M), and Metals ($18.5M).

During 2017, Denmark had a large net trade with Croatia in the exports of Chemical Products ($79.1M), Animal Products ($53.9M), and Machines ($36.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Croatia Denmark+$8.73MPackaged Medicaments
Top Product Potential Denmark Croatia+$18.9MPackaged 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, Croatia exported services to Denmark worth $64.9M, with Other business services ($27.4M), Travel ($18.2M), and Transportation ($14.4M) being the largest in terms of value.

In 2020, Denmark exported services to Croatia worth $96.9M, with Transportation ($62.7M), Other business services ($13M), and Royalties and license fees ($5.83M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Denmark (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 Denmark. This means that a dot/product with the flag of Croatia indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Croatia.

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

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