Croatia (HRV) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Croatia-Canada Trade: In 2022, Croatia exported $70.8M to Canada. The main products that Croatia exported to Canada were Packaged Medicaments ($16.2M), Semiconductor Devices ($8.49M), and Electrical Transformers ($5.39M). Over the past 5 years the exports of Croatia to Canada have increased at an annualized rate of 2.28%, from $63.3M in 2017 to $70.8M in 2022.

In 2020, Croatia exported services to Canada worth $12.7M, with Computer and information services ($5.14M), Travel ($3.08M), and Other business services ($3.08M) being the largest in terms of value.

Canada-Croatia Trade: In 2022, Canada exported $51.7M to Croatia. The main products that Canada exported to Croatia were Iron Ore ($13.3M), Machinery Having Individual Functions ($7.56M), and Dried Legumes ($4.55M). Over the past 5 years the exports of Canada to Croatia have increased at an annualized rate of 8.88%, from $33.8M in 2017 to $51.7M in 2022.

In 2020, Canada exported services to Croatia worth $746k, with Computer and information services ($746k) being the largest in terms of value.

Comparison: In 2022, Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Croatia exported $70.8M to Canada. The main products exported from Croatia to Canada were Packaged Medicaments ($16.2M), Semiconductor Devices ($8.49M), and Electrical Transformers ($5.39M). During the last 5 years the exports of Croatia to Canada have increased at an annualized rate of 2.28%, from $63.3M in 2017 to $70.8M in 2022.

In 2017, Canada exported $51.7M to Croatia. The main products exported from Canada to Croatia were Iron Ore ($13.3M), Machinery Having Individual Functions ($7.56M), and Dried Legumes ($4.55M). During the last 5 years the exports of Canada to Croatia have increased at an annualized rate of 8.88%, from $33.8M in 2022 to $51.7M in 2017.

Exports from Croatia () to Canada () (2022)

Exports from Canada () to Croatia () (2022)

Latest Data

Trade between Croatia () and Canada ()

Croatia Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Croatia
Top DestinationItaly$3.44B

Canada
Top DestinationUnited States$438B

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

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

In 2022, countries that imported more from Canada than Croatia included United States ($438B), China ($25.4B), and Japan ($14.3B).

Difference in imports from Canada () and Croatia () (2022)

Comparative Advantage Croatia - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Croatia had a large net trade with Canada in the exports of Machines ($23.9M), Chemical Products ($20.5M), and Foodstuffs ($6.9M).

During 2017, Canada had a large net trade with Croatia in the exports of Machines ($13.9M), Mineral Products ($13.3M), and Transportation ($5.74M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Croatia Canada+$12.8MPackaged Medicaments

Top Product Potential Canada Croatia+$2.51MPackaged 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

Can Year

Hrv Year

In 2020, Croatia exported services to Canada worth $12.7M, with Computer and information services ($5.14M), Travel ($3.08M), and Other business services ($3.08M) being the largest in terms of value.

In 2020, Canada exported services to Croatia worth $746k, with Computer and information services ($746k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Croatia () to Canada () (2020)

Services Exports from Canada () to Croatia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Croatia () to Canada () (2022)

Exports from Canada () to Croatia () (2022)

Latest Data

Trade between Croatia () and Canada ()

Croatia Exports

Canada Exports

Market Competitiveness

Difference in imports from Canada () and Croatia () (2022)

Comparative Advantage Croatia - Canada

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Croatia () to Canada () (2020)

Services Exports from Canada () to Croatia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Croatia () and Canada () (2022)

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