United States (USA) and Croatia (HRV) Trade

2022

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Exports $3.11BRnk 58 / 219

2022

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About

United States-Croatia Trade: In 2022, United States exported $3.11B to Croatia. The main products that United States exported to Croatia were Petroleum Gas ($2.46B), Coal Briquettes ($388M), and Planes, Helicopters, and/or Spacecraft ($63.2M). Over the past 5 years the exports of United States to Croatia have increased at an annualized rate of 46%, from $470M in 2017 to $3.11B in 2022.

In 2017, United States exported services to Croatia worth $287M, with Travel ($95M), Transportation ($63M), and Financial services ($39M) being the largest in terms of value.

Croatia-United States Trade: In 2022, Croatia exported $683M to United States. The main products that Croatia exported to United States were Packaged Medicaments ($139M), Handguns ($103M), and Electrical Transformers ($59.6M). Over the past 5 years the exports of Croatia to United States have increased at an annualized rate of 1.95%, from $620M in 2017 to $683M in 2022.

In 2020, Croatia exported services to United States worth $188M, with Computer and information services ($89.1M), Other business services ($37.7M), and Travel ($24.9M) being the largest in terms of value.

Comparison: In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B).

Company data: In 2023, leading companies such as Goodyear Tire and Rubber (168), IKEA Group (12), and Robert Bosch (5) were at the forefront of exporting goods from Croatia to the United States. Conversely, Cooper Tire & Rubber Company Serbia (119), Goodyear Serbia, D.o.o. (33), and Other (29) were notable for importing products to Croatia from the United States.

Latest Trends

September, 2024

About

Overview In September 2024, United States exported $59M and imported $98.9M from Croatia, resulting in a negative trade balance of $39.9M. Between September 2023 and September 2024 the exports of United States have decreased by $-76.1M (-56.3%) from $135M to $59M, while imports increased by $36.9M (59.4%) from $62.1M to $98.9M.

Trade In September 2024, the top exports of United States to Croatia were Petroleum Gas ($52.1M), Coal Briquettes ($21.1M), Commodities not elsewhere specified ($1.92M), Kraft Paper ($1.68M), and Antibiotics ($1.14M). In September 2024 the top imports of United States from Croatia were Packaged Medicaments ($10.7M), Rubberworking Machinery ($4.93M), Handguns ($4.9M), Chocolate ($4.51M), and Antibiotics ($2.88M).

Origins In September 2024 the exports of United States were mainly from Tennessee ($32.9M), New York ($9.79M), California ($3.59M), Illinois ($1.81M), and South Carolina ($1.76M), while imports destinations were mainly Virginia ($30.3M), Illinois ($18.1M), New York ($6.32M), Pennsylvania ($5.89M), and North Carolina ($5.36M).

Growth In September 2024, the decrease in United States's year-by-year exports to Croatia was explained primarily by an decrease in product exports in Coal Briquettes ($-20.7M or -49.5%), Petroleum Gas ($-7.4M or -12.4%), and Air Pumps ($-434k or -97.3%). In September 2024, the increase in United States's year-by-year imports from Croatia was explained primarily by an increase in product imports in Rubberworking Machinery ($3.73M or 311%), Chocolate ($2.24M or 98.3%), and Antibiotics ($1.62M or 129%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (September 2023 - September 2024)$-76.1M(-56.3%)

IMPORT GROWTH (September 2023 - September 2024)$36.9M(59.4%)

MAIN EXPORTER (September 2024)Tennessee$32.9M

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

To check Croatia and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $3.11B to Croatia. The main products exported from United States to Croatia were Petroleum Gas ($2.46B), Coal Briquettes ($388M), and Planes, Helicopters, and/or Spacecraft ($63.2M). During the last 5 years the exports of United States to Croatia have increased at an annualized rate of 46%, from $470M in 2017 to $3.11B in 2022.

In 2017, Croatia exported $683M to United States. The main products exported from Croatia to United States were Packaged Medicaments ($139M), Handguns ($103M), and Electrical Transformers ($59.6M). During the last 5 years the exports of Croatia to United States have increased at an annualized rate of 1.95%, from $620M in 2022 to $683M in 2017.

Exports from United States () to Croatia () (2022)

Exports from Croatia () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Croatia
Top DestinationItaly$3.44B

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

In 2022, countries that imported more from United States than Croatia included Canada ($308B), Mexico ($294B), and China ($151B).

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

Difference in imports from Croatia () and United States () (2022)

Comparative Advantage United States - Croatia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Croatia in the exports of Mineral Products ($2.85B), Transportation ($82.2M), and Machines ($46.2M).

During 2017, Croatia had a large net trade with United States in the exports of Chemical Products ($215M), Machines ($210M), and Weapons ($122M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Croatia+$10.2MVaccines, blood, antisera, toxins and cultures

Top Product Potential Croatia United States+$104MPackaged 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

Hrv Year

Usa Year

In 2017, United States exported services to Croatia worth $287M, with Travel ($95M), Transportation ($63M), and Financial services ($39M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United States () to Croatia () (2017)

Services Exports from Croatia () to United States () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of United States () and Croatia () (2022)

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