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2022
Flag → Flag
Exports $14.5MRnk 61 / 182
2022
Flag → Flag
Top Product $2.72MBeauty Products
2022
Flag → Flag
Exports $10.2MRnk 142 / 198
2022
Flag → Flag
Top Product $2.79MPassenger and Cargo Ships
2022
Flag
Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP GROWTH24%CURRENT US$
Rnk 113 / 186
2022
Flag
 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 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$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

Croatia-Hong Kong Trade: In 2022, Croatia exported $14.5M to Hong Kong. The main products that Croatia exported to Hong Kong were Beauty Products ($2.72M), Office Machine Parts ($1.17M), and Musical Instrument Parts ($1.16M). Over the past 5 years the exports of Croatia to Hong Kong have decreased at an annualized rate of 29.4%, from $82.7M in 2017 to $14.5M in 2022.

In 2020, Croatia exported services to Hong Kong worth $9.71M, with Computer and information services ($5.48M), Other business services ($2.74M), and Transportation ($1.48M) being the largest in terms of value.

Hong Kong-Croatia Trade: In 2022, Hong Kong exported $10.2M to Croatia. The main products that Hong Kong exported to Croatia were Passenger and Cargo Ships ($2.79M), Broadcasting Equipment ($1.5M), and Base Metal Watches ($667k). Over the past 5 years the exports of Hong Kong to Croatia have decreased at an annualized rate of 8.46%,  from $17.4M in 2017 to $10.2M in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Croatia exported $14.5M to Hong Kong. The main products exported from Croatia to Hong Kong were Beauty Products ($2.72M), Office Machine Parts ($1.17M), and Musical Instrument Parts ($1.16M). During the last 5 years the exports of Croatia to Hong Kong have decreased at an annualized rate of 29.4%, from $82.7M in 2017 to $14.5M in 2022.

In 2017, Hong Kong exported $10.2M to Croatia. The main products exported from Hong Kong to Croatia were Passenger and Cargo Ships ($2.79M), Broadcasting Equipment ($1.5M), and Base Metal Watches ($667k). During the last 5 years the exports of Hong Kong to Croatia have decreased at an annualized rate of 8.46%, from $17.4M in 2022 to $10.2M in 2017.

Exports from Croatia (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Croatia (Flag) (2022)

Latest Data

Trade between Croatia (Flag) and Hong Kong (Flag)

Croatia Exports

Hong Kong Exports

Market Competitiveness

Color
Croatia
Top DestinationItaly$3.44B
Hong Kong
Top DestinationChina$23.4B

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

In 2022, countries that imported more from Croatia than Hong Kong included Italy ($3.44B), Slovenia ($2.87B), and Bosnia and Herzegovina ($2.45B).

In 2022, countries that imported more from Hong Kong than Croatia included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

Difference in imports from Hong Kong (Flag) and Croatia (Flag) (2022)

Comparative Advantage Croatia - Hong Kong

Flow
Scale

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

During 2022, Croatia had a large net trade with Hong Kong in the exports of Machines ($5.47M), Chemical Products ($3.2M), and Instruments ($1.98M).

During 2017, Hong Kong had a large net trade with Croatia in the exports of Machines ($3.11M), Transportation ($2.95M), and Instruments ($1.91M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Croatia Hong Kong+$1.79MBeauty Products
Top Product Potential Hong Kong Croatia+$2.99MTelephones

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

Product Space of Croatia (Flag) and Hong Kong (Flag) (2022)

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