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2022
Flag → Flag
Exports $93.4MRnk 56 / 208
2022
Flag → Flag
Top Product $18.8MPlanes, Helicopters, and/or Spacecraft
2022
Flag → Flag
Exports $94.5MRnk 35 / 182
2022
Flag → Flag
Top Product $11.8MRough Wood
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP GROWTH24%CURRENT US$
Rnk 113 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$18,413CURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 186

About

Portugal-Croatia Trade: In 2022, Portugal exported $93.4M to Croatia. The main products that Portugal exported to Croatia were Planes, Helicopters, and/or Spacecraft ($18.8M), Cars ($11.9M), and Uncoated Paper ($7.74M). Over the past 5 years the exports of Portugal to Croatia have increased at an annualized rate of 17.9%, from $41.1M in 2017 to $93.4M in 2022.

In 2020, Portugal exported services to Croatia worth $3.43M, with Travel ($3.43M) being the largest in terms of value.

Croatia-Portugal Trade: In 2022, Croatia exported $94.5M to Portugal. The main products that Croatia exported to Portugal were Rough Wood ($11.8M), Knit Socks and Hosiery ($11.2M), and Other Iron Products ($10.6M). Over the past 5 years the exports of Croatia to Portugal have increased at an annualized rate of 5.14%,  from $73.6M in 2017 to $94.5M in 2022.

In 2020, Croatia exported services to Portugal worth $7.65M, with Travel ($5.25M), Other business services ($914k), and Computer and information services ($800k) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). 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, Portugal exported €3.83M and imported €3.1M from Croatia, resulting in a positive trade balance of €722k. Between August 2023 and August 2024 the exports of Portugal have increased by €636k (19.9%) from €3.19M to €3.83M, while imports increased by €421k (15.7%) from €2.68M to €3.1M.

Trade In August 2024, the top exports of Portugal to Croatia were Machinery, mechanical appliances, & parts (€711k), Paper articles (€643k), Cars, tractors, trucks & parts thereof. (€497k), Rubber & articles thereof (€414k), and Raw hides & skin (non-fur) (€224k). In August 2024 the top imports of Portugal from Croatia were Wood, wood articles, & charcoal (€1.39M), Knitted clothing accesories (€1.35M), Pharmaceutical products (€991k), Non-knitted clothing accesories (€217k), and Raw hides & skin (non-fur) (€205k).

Growth In August 2024, the increase in Portugal's year-by-year exports to Croatia was explained primarily by an increase in product exports in Machinery, mechanical appliances, & parts (€553k or 350%), Raw hides & skin (non-fur) (€81.6k or 57.3%), and Non-knitted clothing accesories (€69k or 62.1%). In August 2024, the increase in Portugal's year-by-year imports  from Croatia was explained primarily by an increase in product imports  in Knitted clothing accesories (€607k or 82.1%), Raw hides & skin (non-fur) (€154k or 303%), and Non-knitted clothing accesories (€89.3k or 70.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€636k(19.9%)
IMPORT GROWTH (August 2023 - August 2024)€421k(15.7%)

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

To check Croatia and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Croatia and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $93.4M to Croatia. The main products exported from Portugal to Croatia were Planes, Helicopters, and/or Spacecraft ($18.8M), Cars ($11.9M), and Uncoated Paper ($7.74M). During the last 5 years the exports of Portugal to Croatia have increased at an annualized rate of 17.9%, from $41.1M in 2017 to $93.4M in 2022.

In 2017, Croatia exported $94.5M to Portugal. The main products exported from Croatia to Portugal were Rough Wood ($11.8M), Knit Socks and Hosiery ($11.2M), and Other Iron Products ($10.6M). During the last 5 years the exports of Croatia to Portugal have increased at an annualized rate of 5.14%, from $73.6M in 2022 to $94.5M in 2017.

Exports from Portugal (Flag) to Croatia (Flag) (2022)

Exports from Croatia (Flag) to Portugal (Flag) (2022)

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Croatia
Top DestinationItaly$3.44B

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

In 2022, countries that imported more from Portugal than Croatia included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Croatia than Portugal included Slovenia ($2.87B), Bosnia and Herzegovina ($2.45B), and Hungary ($2.65B).

Difference in imports from Croatia (Flag) and Portugal (Flag) (2022)

Comparative Advantage Portugal - Croatia

Flow
Scale

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

During 2022, Portugal had a large net trade with Croatia in the exports of Transportation ($34.8M), Paper Goods ($10.5M), and Plastics and Rubbers ($10.3M).

During 2017, Croatia had a large net trade with Portugal in the exports of Textiles ($27.9M), Wood Products ($13.8M), and Metals ($12.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Croatia+$7.39MCars
Top Product Potential Croatia Portugal+$3.52MPackaged 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

In 2020, Portugal exported services to Croatia worth $3.43M, with Travel ($3.43M) being the largest in terms of value.

In 2020, Croatia exported services to Portugal worth $7.65M, with Travel ($5.25M), Other business services ($914k), and Computer and information services ($800k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal (Flag) to Croatia (Flag) (2020)

Services Exports from Croatia (Flag) to Portugal (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Portugal (Flag) and Croatia (Flag) (2022)

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