2022
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GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH
1.45%CURRENT US$
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2022
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 GDP
$71BCURRENT US$
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2012-2022
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GDP GROWTH
24%CURRENT US$
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2022
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GDP PC 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH
-0.49%CURRENT US$
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2022
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GDP PC
$18,413CURRENT US$
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2012-2022
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GDP PC GROWTH
37.3%CURRENT US$
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About

Russia-Croatia Trade: In 2022, Russia exported $445M to Croatia. The main products that Russia exported to Croatia were Refined Petroleum ($161M), Coal Briquettes ($101M), and Raw Aluminium ($75.2M). Over the past 5 years the exports of Russia to Croatia have decreased at an annualized rate of 10.1%, from $759M in 2017 to $445M in 2022.

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 2022, Croatia exported $190M to Russia. The main products that Croatia exported to Russia were Packaged Medicaments ($94.6M), Shaving Products ($20.3M), and Knit Socks and Hosiery ($13.3M). Over the past 5 years the exports of Croatia to Russia have decreased at an annualized rate of 5.32%,  from $250M in 2017 to $190M in 2022.

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 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $445M to Croatia. The main products exported from Russia to Croatia were Refined Petroleum ($161M), Coal Briquettes ($101M), and Raw Aluminium ($75.2M). During the last 5 years the exports of Russia to Croatia have decreased at an annualized rate of 10.1%, from $759M in 2017 to $445M in 2022.

In 2017, Croatia exported $190M to Russia. The main products exported from Croatia to Russia were Packaged Medicaments ($94.6M), Shaving Products ($20.3M), and Knit Socks and Hosiery ($13.3M). During the last 5 years the exports of Croatia to Russia have decreased at an annualized rate of 5.32%, from $250M in 2022 to $190M in 2017.

Exports from Russia (Flag) to Croatia (Flag) (2022)

Exports from Croatia (Flag) to Russia (Flag) (2022)

Market Competitiveness

Color
Russia
Top Destination
China$101B
Croatia
Top Destination
Italy$3.44B

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 2022, countries that imported more from Russia than Croatia included China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2022, countries that imported more from Croatia than Russia included Bosnia and Herzegovina ($2.45B), Slovenia ($2.87B), and Austria ($1.39B).

Difference in imports from Croatia (Flag) and Russia (Flag) (2022)

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 2022, Russia had a large net trade with Croatia in the exports of Mineral Products ($330M), Metals ($75.3M), and Chemical Products ($22M).

During 2017, Croatia had a large net trade with Russia in the exports of Chemical Products ($122M), Machines ($20.2M), and Textiles ($20.1M).

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) (2022)

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