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2023
Flag → Flag
Exports $70.7MRnk 62 / 211
2023
Flag → Flag
Top Product $7.05MRubber Tires
2023
Flag → Flag
Exports $74.3MRnk 39 / 191
2023
Flag → Flag
Top Product $10.7MKnit Socks and Hosiery
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 34 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP GROWTH41%CURRENT US$
Rnk 92 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$21,865CURRENT US$
Rnk 60 / 196
2013-2023
Flag
GDP PC GROWTH54.7%CURRENT US$
Rnk 41 / 195

About

Portugal-Croatia Trade: In 2023, Portugal exported $70.7M to Croatia. The main products that Portugal exported to Croatia were Rubber Tires ($7.05M), Uncoated Paper ($5.4M), and Cars ($5.24M). Over the past 5 years the exports of Portugal to Croatia have increased at an annualized rate of 7.95%, from $48.2M in 2018 to $70.7M in 2023.

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 2023, Croatia exported $74.3M to Portugal. The main products that Croatia exported to Portugal were Knit Socks and Hosiery ($10.7M), Mattresses ($5.02M), and Seats ($4.61M). Over the past 5 years the exports of Croatia to Portugal have decreased at an annualized rate of 0.67%,  from $76.9M in 2018 to $74.3M in 2023.

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 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €5.79M and imported €5.94M from Croatia, resulting in a negative trade balance of €151k. Between November 2023 and November 2024 the exports of Portugal have decreased by €-675k (-10.4%) from €6.47M to €5.79M, while imports decreased by €-1.68M (-22%) from €7.62M to €5.94M.

Trade In November 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 November 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 November 2024, the decrease in Portugal's year-by-year exports to Croatia was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. (€-927k or -65.1%), Electrical machinery and electronics (€-309k or -77.3%), and Paper articles (€-157k or -19.6%). In November 2024, the decrease in Portugal's year-by-year imports  from Croatia was explained primarily by an decrease in product imports  in Furniture, bedding, lamps, & prefab buildings (€-264k or -71.6%), Wood, wood articles, & charcoal (€-110k or -7.3%), and Edible vegetables, roots, & tubers (€-85.3k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-675k(-10.4%)
IMPORT GROWTH (November 2023 - November 2024)€-1.68M(-22%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $70.7M to Croatia. The main products exported from Portugal to Croatia were Rubber Tires ($7.05M), Uncoated Paper ($5.4M), and Cars ($5.24M). During the last 5 years the exports of Portugal to Croatia have increased at an annualized rate of 7.95%, from $48.2M in 2018 to $70.7M in 2023.

In 2018, Croatia exported $74.3M to Portugal. The main products exported from Croatia to Portugal were Knit Socks and Hosiery ($10.7M), Mattresses ($5.02M), and Seats ($4.61M). During the last 5 years the exports of Croatia to Portugal have decreased at an annualized rate of 0.67%, from $76.9M in 2023 to $74.3M in 2018.

Exports from Portugal (Flag) to Croatia (Flag) (2023)

Exports from Croatia (Flag) to Portugal (Flag) (2023)

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Croatia
Top DestinationItaly$3.05B

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 2023, countries that imported more from Portugal than Croatia included Spain ($17.7B), France ($9.19B), and United States ($6.41B).

In 2023, countries that imported more from Croatia than Portugal included Slovenia ($2.45B), Bosnia and Herzegovina ($1.3B), and Serbia ($1.15B).

Difference in imports from Croatia (Flag) and Portugal (Flag) (2023)

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 2023, Portugal had a large net trade with Croatia in the exports of Plastics and Rubbers ($12M), Machines ($11.1M), and Textiles ($11M).

During 2018, Croatia had a large net trade with Portugal in the exports of Textiles ($28.1M), Miscellaneous ($9.97M), and Chemical Products ($9.48M).

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) (2023)

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