Croatia (HRV) and Serbia (SRB) Trade | The Observatory of Economic Complexity

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Croatia-Serbia Trade: In 2023, Croatia exported $1.15B to Serbia. The main products that Croatia exported to Serbia were Electricity ($118M), Soybeans ($47.5M), and Glass Bottles ($43.1M). Over the past 5 years the exports of Croatia to Serbia have increased at an annualized rate of 10.8%, from $688M in 2018 to $1.15B in 2023.

In 2009, Croatia exported services to Serbia worth $248M, with Travel ($247M) and Financial services ($622k) being the largest in terms of value.

Serbia-Croatia Trade: In 2023, Serbia exported $1.18B to Croatia. The main products that Serbia exported to Croatia were Electricity ($204M), Mixed Mineral or Chemical Fertilizers ($27.9M), and Knit Socks and Hosiery ($27.6M). Over the past 5 years the exports of Serbia to Croatia have increased at an annualized rate of 9.98%, from $731M in 2018 to $1.18B in 2023.

In 2019, Serbia exported services to Croatia worth $238M, with Travel ($99.6M), Other business services ($57.1M), and Transportation ($43.7M) 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, Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Croatia exported $1.15B to Serbia. The main products exported from Croatia to Serbia were Electricity ($118M), Soybeans ($47.5M), and Glass Bottles ($43.1M). During the last 5 years the exports of Croatia to Serbia have increased at an annualized rate of 10.8%, from $688M in 2018 to $1.15B in 2023.

In 2018, Serbia exported $1.18B to Croatia. The main products exported from Serbia to Croatia were Electricity ($204M), Mixed Mineral or Chemical Fertilizers ($27.9M), and Knit Socks and Hosiery ($27.6M). During the last 5 years the exports of Serbia to Croatia have increased at an annualized rate of 9.98%, from $731M in 2023 to $1.18B in 2018.

Exports from Croatia () to Serbia () (2023)

Exports from Serbia () to Croatia () (2023)

Latest Data

Trade between Croatia () and Serbia ()

Croatia Exports

Date

Serbia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Croatia
Top DestinationItaly$3.05B

Serbia
Top DestinationGermany$4.76B

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

In 2023, countries that imported more from Croatia than Serbia included Slovenia ($2.45B), Italy ($3.05B), and Cote d'Ivoire ($561M).

In 2023, countries that imported more from Serbia than Croatia included Germany ($4.76B), China ($1.42B), and Romania ($1.59B).

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

Comparative Advantage Croatia - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Croatia had a large net trade with Serbia in the exports of Mineral Products ($200M), Machines ($168M), and Foodstuffs ($165M).

During 2018, Serbia had a large net trade with Croatia in the exports of Mineral Products ($232M), Foodstuffs ($187M), and Metals ($111M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Croatia Serbia+$11.4MRefined Petroleum

Top Product Potential Serbia Croatia+$16.1MRefined Petroleum

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

Srb Year

In 2009, Croatia exported services to Serbia worth $248M, with Travel ($247M) and Financial services ($622k) being the largest in terms of value.

In 2019, Serbia exported services to Croatia worth $238M, with Travel ($99.6M), Other business services ($57.1M), and Transportation ($43.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Croatia () to Serbia () (2009)

Services Exports from Serbia () to Croatia () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Croatia () to Serbia () (2023)

Exports from Serbia () to Croatia () (2023)

Latest Data

Trade between Croatia () and Serbia ()

Croatia Exports

Serbia Exports

Market Competitiveness

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

Comparative Advantage Croatia - Serbia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Croatia () to Serbia () (2009)

Services Exports from Serbia () to Croatia () (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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