2023
Flag  
GDP
$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP GROWTH
41%CURRENT US$
Rnk 92 / 195
2023
Flag
 GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC 
$21,865CURRENT US$
Rnk 60 / 195
2013-2023
Flag
GDP PC GROWTH
54.7%CURRENT US$
Rnk 41 / 195
2023
Flag
GDP PC
$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195

About

Croatia-India Trade: In 2023, Croatia exported $50.6M to India. The main products that Croatia exported to India were Scrap Vessels ($5.64M), Electrical Transformers ($5.3M), and Lifting Machinery ($3.44M). Over the past 5 years the exports of Croatia to India have increased at an annualized rate of 4.89%, from $39.9M in 2018 to $50.6M in 2023.

In 2020, Croatia exported services to India worth $5.83M, with Travel ($3.08M), Royalties and license fees ($1.03M), and Other business services ($800k) being the largest in terms of value.

India-Croatia Trade: In 2023, India exported $298M to Croatia. The main products that India exported to Croatia were Refined Petroleum ($81.4M), Nitrogen Heterocyclic Compounds ($18.2M), and Coated Flat-Rolled Iron ($15.3M). Over the past 5 years the exports of India to Croatia have increased at an annualized rate of 3.14%,  from $160M in 2018 to $298M in 2023.

In 2023, India did not export any services to Croatia.

Comparison: In 2023,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B). That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Croatia exported $50.6M to India. The main products exported from Croatia to India were Scrap Vessels ($5.64M), Electrical Transformers ($5.3M), and Lifting Machinery ($3.44M). During the last 5 years the exports of Croatia to India have increased at an annualized rate of 4.89%, from $39.9M in 2018 to $50.6M in 2023.

In 2018, India exported $298M to Croatia. The main products exported from India to Croatia were Refined Petroleum ($81.4M), Nitrogen Heterocyclic Compounds ($18.2M), and Coated Flat-Rolled Iron ($15.3M). During the last 5 years the exports of India to Croatia have increased at an annualized rate of 3.14%, from $160M in 2023 to $298M in 2018.

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

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

Latest Data

Trade between Croatia (Flag) and India (Flag)

Croatia Exports

India Exports

Market Competitiveness

Color
Croatia
Top Destination
Italy$3.05B
India
Top Destination
United States$85.5B

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

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

In 2023, countries that imported more from India than Croatia included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Croatia - India

Flow
Scale

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

During 2023, Croatia had a large net trade with India in the exports of Machines ($20.4M), Transportation ($7.94M), and Chemical Products ($6.92M).

During 2018, India had a large net trade with Croatia in the exports of Mineral Products ($81.7M), Chemical Products ($68.6M), and Metals ($39.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Croatia India+$7.12MElectrical Transformers
Top Product Potential India Croatia+$23.1MPackaged 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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Economic Complexity

Competitive Landscape

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

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

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