Croatia (HRV) and Peru (PER) Trade | The Observatory of Economic Complexity

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Croatia-Peru Trade: In 2022, Croatia exported $1.64M to Peru. The main products that Croatia exported to Peru were Rock Wool ($354k), Packaged Medicaments ($216k), and Industrial Printers ($188k). Over the past 5 years the exports of Croatia to Peru have decreased at an annualized rate of 7.28%, from $2.39M in 2017 to $1.64M in 2022.

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

Peru-Croatia Trade: In 2022, Peru exported $2.89M to Croatia. The main products that Peru exported to Croatia were Stone Processing Machines ($1.99M), Frozen Fruits and Nuts ($511k), and Dried Legumes ($159k). Over the past 5 years the exports of Peru to Croatia have increased at an annualized rate of 21.2%, from $1.1M in 2017 to $2.89M in 2022.

In 2022, Peru 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, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Croatia exported $1.64M to Peru. The main products exported from Croatia to Peru were Rock Wool ($354k), Packaged Medicaments ($216k), and Industrial Printers ($188k). During the last 5 years the exports of Croatia to Peru have decreased at an annualized rate of 7.28%, from $2.39M in 2017 to $1.64M in 2022.

In 2017, Peru exported $2.89M to Croatia. The main products exported from Peru to Croatia were Stone Processing Machines ($1.99M), Frozen Fruits and Nuts ($511k), and Dried Legumes ($159k). During the last 5 years the exports of Peru to Croatia have increased at an annualized rate of 21.2%, from $1.1M in 2022 to $2.89M in 2017.

Exports from Croatia () to Peru () (2022)

Exports from Peru () to Croatia () (2022)

Latest Data

Trade between Croatia () and Peru ()

Croatia Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Croatia
Top DestinationItaly$3.44B

Peru
Top DestinationChina$17.6B

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

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

In 2022, countries that imported more from Peru than Croatia included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

Difference in imports from Peru () and Croatia () (2022)

Comparative Advantage Croatia - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Croatia had a large net trade with Peru in the exports of Machines ($477k), Stone And Glass ($390k), and Chemical Products ($229k).

During 2017, Peru had a large net trade with Croatia in the exports of Machines ($1.99M), Vegetable Products ($782k), and Foodstuffs ($49.7k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Croatia Peru+$611kPackaged Medicaments

Top Product Potential Peru Croatia+$221kFrozen Fruits and Nuts

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Croatia () to Peru () (2022)

Exports from Peru () to Croatia () (2022)

Latest Data

Trade between Croatia () and Peru ()

Croatia Exports

Peru Exports

Market Competitiveness

Difference in imports from Peru () and Croatia () (2022)

Comparative Advantage Croatia - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Croatia () and Peru () (2022)

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