Croatia (HRV) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Croatia-Italy Trade: In 2023, Croatia exported $3.05B to Italy. The main products that Croatia exported to Italy were Corn ($155M), Sawn Wood ($108M), and Non-fillet Fresh Fish ($95.4M). Over the past 5 years the exports of Croatia to Italy have increased at an annualized rate of 5.27%, from $2.36B in 2018 to $3.05B in 2023.

In 2020, Croatia exported services to Italy worth $533M, with Travel ($414M), Other business services ($48.2M), and Personal, cultural, and recreational services ($25.1M) being the largest in terms of value.

Italy-Croatia Trade: In 2023, Italy exported $6.16B to Croatia. The main products that Italy exported to Croatia were Refined Petroleum ($1.48B), Knit Socks and Hosiery ($106M), and Hot-Rolled Iron ($86.7M). Over the past 5 years the exports of Italy to Croatia have increased at an annualized rate of 10.8%, from $3.69B in 2018 to $6.16B in 2023.

In 2020, Italy exported services to Croatia worth $350M, with Travel ($121M), Other business services ($116M), and Transportation ($73.7M) being the largest in terms of value.

Comparison: In 2023, Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Croatia exported $3.05B to Italy. The main products exported from Croatia to Italy were Corn ($155M), Sawn Wood ($108M), and Non-fillet Fresh Fish ($95.4M). During the last 5 years the exports of Croatia to Italy have increased at an annualized rate of 5.27%, from $2.36B in 2018 to $3.05B in 2023.

In 2018, Italy exported $6.16B to Croatia. The main products exported from Italy to Croatia were Refined Petroleum ($1.48B), Knit Socks and Hosiery ($106M), and Hot-Rolled Iron ($86.7M). During the last 5 years the exports of Italy to Croatia have increased at an annualized rate of 10.8%, from $3.69B in 2023 to $6.16B in 2018.

Exports from Croatia () to Italy () (2023)

Exports from Italy () to Croatia () (2023)

Latest Data

Trade between Croatia () and Italy ()

Croatia Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Croatia
Top DestinationItaly$3.05B

Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Croatia than Italy included Cote d'Ivoire ($561M), Montenegro ($289M), and Kiribati ($223k).

In 2023, countries that imported more from Italy than Croatia included United States ($70.9B), Germany ($71.4B), and France ($61.1B).

Difference in imports from Italy () and Croatia () (2023)

Comparative Advantage Croatia - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Croatia had a large net trade with Italy in the exports of N/A.

During 2018, Italy had a large net trade with Croatia in the exports of Mineral Products ($1.56B), Machines ($872M), and Metals ($863M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Croatia Italy+$49.2MPetroleum Gas

Top Product Potential Italy Croatia+$37.3MPackaged 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

Ita Year

Hrv Year

In 2020, Croatia exported services to Italy worth $533M, with Travel ($414M), Other business services ($48.2M), and Personal, cultural, and recreational services ($25.1M) being the largest in terms of value.

In 2020, Italy exported services to Croatia worth $350M, with Travel ($121M), Other business services ($116M), and Transportation ($73.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Croatia () to Italy () (2020)

Services Exports from Italy () to Croatia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Croatia () to Italy () (2023)

Exports from Italy () to Croatia () (2023)

Latest Data

Trade between Croatia () and Italy ()

Croatia Exports

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Croatia () (2023)

Comparative Advantage Croatia - Italy

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Croatia () to Italy () (2020)

Services Exports from Italy () to Croatia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Croatia () and Italy () (2023)

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