Croatia (HRV) and Romania (ROU) Trade | The Observatory of Economic Complexity

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Croatia-Romania Trade: In 2023, Croatia exported $378M to Romania. The main products that Croatia exported to Romania were Other Leather Articles ($46.8M), Beauty Products ($18.7M), and Motor vehicles; parts and accessories (8701 to 8705) ($18.4M). Over the past 5 years the exports of Croatia to Romania have increased at an annualized rate of 6.09%, from $281M in 2018 to $378M in 2023.

In 2020, Croatia exported services to Romania worth $27.6M, with Other business services ($11M), Travel ($10.6M), and Computer and information services ($2.51M) being the largest in terms of value.

Romania-Croatia Trade: In 2023, Romania exported $559M to Croatia. The main products that Romania exported to Croatia were Cars ($102M), Bovine ($44.3M), and Rolled Tobacco ($27M). Over the past 5 years the exports of Romania to Croatia have increased at an annualized rate of 12.1%, from $281M in 2018 to $559M in 2023.

In 2020, Romania exported services to Croatia worth $32.4M, with Other business services ($17.7M), Transportation ($8.68M), and Computer and information services ($4.45M) 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, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Croatia exported $378M to Romania. The main products exported from Croatia to Romania were Other Leather Articles ($46.8M), Beauty Products ($18.7M), and Motor vehicles; parts and accessories (8701 to 8705) ($18.4M). During the last 5 years the exports of Croatia to Romania have increased at an annualized rate of 6.09%, from $281M in 2018 to $378M in 2023.

In 2018, Romania exported $559M to Croatia. The main products exported from Romania to Croatia were Cars ($102M), Bovine ($44.3M), and Rolled Tobacco ($27M). During the last 5 years the exports of Romania to Croatia have increased at an annualized rate of 12.1%, from $281M in 2023 to $559M in 2018.

Exports from Croatia () to Romania () (2023)

Exports from Romania () to Croatia () (2023)

Latest Data

Trade between Croatia () and Romania ()

Croatia Exports

Date

Romania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Croatia
Top DestinationItaly$3.05B

Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Croatia than Romania included Slovenia ($2.45B), Bosnia and Herzegovina ($1.3B), and Cote d'Ivoire ($561M).

In 2023, countries that imported more from Romania than Croatia included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

Comparative Advantage Croatia - Romania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Croatia had a large net trade with Romania in the exports of Chemical Products ($71.5M), Animal Hides ($47M), and Machines ($40.8M).

During 2018, Romania had a large net trade with Croatia in the exports of Transportation ($117M), Machines ($63.4M), and Animal Products ($61.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Croatia Romania+$11.5MPackaged Medicaments

Top Product Potential Romania Croatia+$20.6MCars

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

Rou Year

Hrv Year

In 2020, Croatia exported services to Romania worth $27.6M, with Other business services ($11M), Travel ($10.6M), and Computer and information services ($2.51M) being the largest in terms of value.

In 2020, Romania exported services to Croatia worth $32.4M, with Other business services ($17.7M), Transportation ($8.68M), and Computer and information services ($4.45M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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Historical Data

Bilateral Trade by Products

Exports from Croatia () to Romania () (2023)

Exports from Romania () to Croatia () (2023)

Latest Data

Trade between Croatia () and Romania ()

Croatia Exports

Romania Exports

Market Competitiveness

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

Comparative Advantage Croatia - Romania

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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