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2023
Flag → Flag
Exports $50MRnk 105 / 217
2023
Flag → Flag
Top Product $12.6MPassenger and Cargo Ships
2023
Flag → Flag
Exports $41.9MRnk 51 / 191
2023
Flag → Flag
Top Product $18MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 34 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP GROWTH41%CURRENT US$
Rnk 92 / 195
2023
Flag
GDP PC $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC$21,865CURRENT US$
Rnk 60 / 196
2013-2023
Flag
GDP PC GROWTH54.7%CURRENT US$
Rnk 41 / 195

About

Singapore-Croatia Trade: In 2023, Singapore exported $50M to Croatia. The main products that Singapore exported to Croatia were Passenger and Cargo Ships ($12.6M), Palm Oil ($10.5M), and Vaccines, blood, antisera, toxins and cultures ($5.82M). Over the past 5 years the exports of Singapore to Croatia have increased at an annualized rate of 11.4%, from $29.2M in 2018 to $50M in 2023.

In 2023, Singapore did not export any services to Croatia.

Croatia-Singapore Trade: In 2023, Croatia exported $41.9M to Singapore. The main products that Croatia exported to Singapore were Refined Petroleum ($18M), Electrical Resistors ($6.56M), and Vaccines, blood, antisera, toxins and cultures ($3.18M). Over the past 5 years the exports of Croatia to Singapore have decreased at an annualized rate of 2.54%,  from $47.6M in 2018 to $41.9M in 2023.

In 2020, Croatia exported services to Singapore worth $20.6M, with Transportation ($11.2M), Other business services ($7.08M), and Computer and information services ($1.94M) being the largest in terms of value.

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). 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, Singapore exported $50M to Croatia. The main products exported from Singapore to Croatia were Passenger and Cargo Ships ($12.6M), Palm Oil ($10.5M), and Vaccines, blood, antisera, toxins and cultures ($5.82M). During the last 5 years the exports of Singapore to Croatia have increased at an annualized rate of 11.4%, from $29.2M in 2018 to $50M in 2023.

In 2018, Croatia exported $41.9M to Singapore. The main products exported from Croatia to Singapore were Refined Petroleum ($18M), Electrical Resistors ($6.56M), and Vaccines, blood, antisera, toxins and cultures ($3.18M). During the last 5 years the exports of Croatia to Singapore have decreased at an annualized rate of 2.54%, from $47.6M in 2023 to $41.9M in 2018.

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

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

Latest Data

Trade between Singapore (Flag) and Croatia (Flag)

Singapore Exports

Croatia Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Croatia
Top DestinationItaly$3.05B

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

In 2023, countries that imported more from Singapore than Croatia included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

In 2023, countries that imported more from Croatia than Singapore included Slovenia ($2.45B), Italy ($3.05B), and Bosnia and Herzegovina ($1.3B).

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

Comparative Advantage Singapore - Croatia

Flow
Scale

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

During 2023, Singapore had a large net trade with Croatia in the exports of Chemical Products ($17M), Animal and Vegetable Bi-Products ($13.6M), and Transportation ($12.9M).

During 2018, Croatia had a large net trade with Singapore in the exports of Mineral Products ($18.3M), Machines ($13M), and Chemical Products ($4.17M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Croatia+$6.62MPackaged Medicaments
Top Product Potential Croatia Singapore+$17.8MRefined 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

In 2020, Croatia exported services to Singapore worth $20.6M, with Transportation ($11.2M), Other business services ($7.08M), and Computer and information services ($1.94M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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