2023
Flag  
GDP
$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH
-11.8%CURRENT US$
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2023
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 GDP
$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP GROWTH
41%CURRENT US$
Rnk 92 / 195
2023
Flag
GDP PC 
$13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH
-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC
$21,865CURRENT US$
Rnk 60 / 196
2013-2023
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GDP PC GROWTH
54.7%CURRENT US$
Rnk 41 / 195

About

Russia-Croatia Trade: In 2023, Russia exported $63.3M to Croatia. The main products that Russia exported to Croatia were Raw Aluminium ($38.4M), Mixed Mineral or Chemical Fertilizers ($13.9M), and Nitrogenous Fertilizers ($2.35M). Over the past 5 years the exports of Russia to Croatia have decreased at an annualized rate of 32.9%, from $465M in 2018 to $63.3M in 2023.

In 2020, Russia exported services to Croatia worth $18.3M, with Other business services ($9.59M), Transportation ($2.8M), and Travel ($1.85M) being the largest in terms of value.

Croatia-Russia Trade: In 2023, Croatia exported $241M to Russia. The main products that Croatia exported to Russia were Packaged Medicaments ($136M), Knit Socks and Hosiery ($22.1M), and Shaving Products ($14.6M). Over the past 5 years the exports of Croatia to Russia have increased at an annualized rate of 2.74%,  from $211M in 2018 to $241M in 2023.

In 2020, Croatia exported services to Russia worth $48.8M, with Travel ($26.8M), Personal, cultural, and recreational services ($11.7M), and Other business services ($5.25M) being the largest in terms of value.

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $63.3M to Croatia. The main products exported from Russia to Croatia were Raw Aluminium ($38.4M), Mixed Mineral or Chemical Fertilizers ($13.9M), and Nitrogenous Fertilizers ($2.35M). During the last 5 years the exports of Russia to Croatia have decreased at an annualized rate of 32.9%, from $465M in 2018 to $63.3M in 2023.

In 2018, Croatia exported $241M to Russia. The main products exported from Croatia to Russia were Packaged Medicaments ($136M), Knit Socks and Hosiery ($22.1M), and Shaving Products ($14.6M). During the last 5 years the exports of Croatia to Russia have increased at an annualized rate of 2.74%, from $211M in 2023 to $241M in 2018.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$129B
Croatia
Top Destination
Italy$3.05B

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

In 2023, countries that imported more from Russia than Croatia included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Croatia than Russia included Slovenia ($2.45B), Bosnia and Herzegovina ($1.3B), and Austria ($1.24B).

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

Comparative Advantage Russia - Croatia

Flow
Scale

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

During 2023, Russia had a large net trade with Croatia in the exports of Metals ($38.5M), Chemical Products ($17.5M), and Textiles ($4.88M).

During 2018, Croatia had a large net trade with Russia in the exports of Chemical Products ($158M), Textiles ($54.8M), and Machines ($10.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Croatia+$93.7MRefined Petroleum
Top Product Potential Croatia Russia+$27.2MPackaged 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, Russia exported services to Croatia worth $18.3M, with Other business services ($9.59M), Transportation ($2.8M), and Travel ($1.85M) being the largest in terms of value.

In 2020, Croatia exported services to Russia worth $48.8M, with Travel ($26.8M), Personal, cultural, and recreational services ($11.7M), and Other business services ($5.25M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Russia (Flag) and Croatia (Flag) (2023)

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