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2022
Flag → Flag
Exports $142MRnk 103 / 220
2022
Flag → Flag
Top Product $19.2MCars
2022
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Exports $113MRnk 31 / 182
2022
Flag → Flag
Top Product $88.1MCopper Ore
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
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GDP GROWTH24%CURRENT US$
Rnk 113 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$18,413CURRENT US$
Rnk 56 / 186
2012-2022
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GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 186

About

South Korea-Croatia Trade: In 2022, South Korea exported $142M to Croatia. The main products that South Korea exported to Croatia were Cars ($19.2M), Other Heating Machinery ($13.4M), and Synthetic Rubber ($11.7M). Over the past 5 years the exports of South Korea to Croatia have decreased at an annualized rate of 15.8%, from $336M in 2017 to $142M in 2022.

In 2022, South Korea did not export any services to Croatia.

Croatia-South Korea Trade: In 2022, Croatia exported $113M to South Korea. The main products that Croatia exported to South Korea were Copper Ore ($88.1M), Electrical Resistors ($3.09M), and Other Inorganic Acids Salts ($2.76M). Over the past 5 years the exports of Croatia to South Korea have increased at an annualized rate of 3.42%,  from $68.4M in 2017 to $113M in 2022.

In 2020, Croatia exported services to South Korea worth $10.5M, with Other business services ($5.6M), Travel ($3.77M), and Transportation ($457k) being the largest in terms of value.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B).

Latest Trends

August, 2024

About

Overview In August 2024, South Korea exported $6.95M and imported $2.23M from Croatia, resulting in a positive trade balance of $4.72M. Between August 2023 and August 2024 the exports of South Korea have increased by $1.71M (32.6%) from $5.24M to $6.95M, while imports decreased by $-2.43M (-52.1%) from $4.67M to $2.23M.

Trade In August 2024, the top exports of South Korea to Croatia were Machinery, mechanical appliances, & parts ($4.85M), Electrical machinery and electronics ($4.51M), Cars, tractors, trucks & parts thereof. ($2.24M), Plastics & articles thereof ($893k), and Rubber & articles thereof ($633k). In August 2024 the top imports of South Korea from Croatia were Ores, slag and ash ($4.7M), Machinery, mechanical appliances, & parts ($447k), Knitted clothing accesories ($201k), Electrical machinery and electronics ($144k), and Tobacco & substitutes ($115k).

Growth In August 2024, the increase in South Korea's year-by-year exports to Croatia was explained primarily by an increase in product exports in Electrical machinery and electronics ($4.15M or 1.14k%), Machinery, mechanical appliances, & parts ($2.79M or 136%), and Optical, photo, & film equipment; medical... ($416k or 520%). In August 2024, the decrease in South Korea's year-by-year imports  from Croatia was explained primarily by an decrease in product imports  in Ores, slag and ash ($-5.15M or -52.3%), Organic chemicals ($-227k or -100%), and Electrical machinery and electronics ($-168k or -53.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$1.71M(32.6%)
IMPORT GROWTH (August 2023 - August 2024)$-2.43M(-52.1%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Croatia and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Croatia and South Korea Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $142M to Croatia. The main products exported from South Korea to Croatia were Cars ($19.2M), Other Heating Machinery ($13.4M), and Synthetic Rubber ($11.7M). During the last 5 years the exports of South Korea to Croatia have decreased at an annualized rate of 15.8%, from $336M in 2017 to $142M in 2022.

In 2017, Croatia exported $113M to South Korea. The main products exported from Croatia to South Korea were Copper Ore ($88.1M), Electrical Resistors ($3.09M), and Other Inorganic Acids Salts ($2.76M). During the last 5 years the exports of Croatia to South Korea have increased at an annualized rate of 3.42%, from $68.4M in 2022 to $113M in 2017.

Exports from South Korea (Flag) to Croatia (Flag) (2022)

Exports from Croatia (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Croatia
Top DestinationItaly$3.44B

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

In 2022, countries that imported more from South Korea than Croatia included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Croatia than South Korea included Bosnia and Herzegovina ($2.45B), Slovenia ($2.87B), and Serbia ($1.55B).

Difference in imports from Croatia (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Croatia

Flow
Scale

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

During 2022, South Korea had a large net trade with Croatia in the exports of Machines ($51.1M), Plastics and Rubbers ($28.2M), and Metals ($23.2M).

During 2017, Croatia had a large net trade with South Korea in the exports of Mineral Products ($88.5M), Machines ($5.35M), and Chemical Products ($3.66M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Croatia+$18.2MCars
Top Product Potential Croatia South Korea+$1.74MKnit Sweaters

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

In 2020, Croatia exported services to South Korea worth $10.5M, with Other business services ($5.6M), Travel ($3.77M), and Transportation ($457k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Croatia (Flag) to South Korea (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Croatia (Flag) (2022)

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