Croàcia: Visió econòmica i política
Croatia joined the WTO in 2000 and depends heavily on foreign trade, which amounts to 104% of the GDP (World Bank, latest data available). The country mainly exports petroleum oils (9.5%), electrical energy (5.2%), medicaments (3.4%), and wood (2.2%); while imports are driven by motor cars (4%), petroleum oils (6.5%), petroleum gas (3.8%), and medicaments (3.2% - data Comtrade).
In the first eleven months of 2022, the EU accounted for 68.7% of Croatian exports (mainly towards Italy, Hungary, Slovenia, and Germany). Bosnia and Herzegovina was the second single destination (10.4% of total exports). In the same period, the leading import origins were the EU (70.3%, reflecting the structure of exports’ destinations), Serbia (3.4%), Bosnia and Herzegovina (3.4%), and China (3.3% - data Croatian Bureau of Statistics).
In terms of merchandise, Croatia has a structural trade deficit: according to figures by WTO, in 2021 exports of goods totalled USD 22.8 billion (+32.8 y-o-y) while imports increased by 29.4%, to USD 34.5 billion. However, the country is a net exporter of services, with exports – at USD 16.7 billion – far above imports (USD 5.1 billion). According to figures by the World Bank, the overall trade deficit stood at an estimated 1.5% of GDP in 2020, much lower than the level of -7% recorded one year earlier. Preliminary figures from the Croatian Bureau of Statistics show that in the first eleven months of 2022, the value of Croatian merchandise exports totalled HRK 165.8 billion (EUR 22 billion), an increase of 32.1% over the same period of 2021, while the value of imports reached HRK 287.8 billion (EUR 38.2 billion), up by 48.5% year-on-year.
Foreign Trade Values | 2017 | 2018 | 2019 | 2020 | 2021 |
Imports of Goods (million USD) | 24,829 | 28,203 | 28,160 | 26,719 | 34,588 |
Exports of Goods (million USD) | 16,069 | 17,402 | 17,180 | 17,167 | 22,812 |
Imports of Services (million USD) | 4,574 | 5,430 | 5,573 | 3,932 | 5,163 |
Exports of Services (million USD) | 15,054 | 16,354 | 17,162 | 9,714 | 16,770 |
Source: World Trade Organisation (WTO) ; Latest available data
Foreign Trade Indicators | 2017 | 2018 | 2019 | 2020 | 2021 |
Foreign Trade (in % of GDP) | 97.6 | 99.7 | 101.6 | 90.0 | 104.0 |
Trade Balance (million USD) | -9,538 | -11,440 | -11,754 | -10,083 | -12,602 |
Trade Balance (Including Service) (million USD) | 584 | -648 | -289 | -3,948 | -1,023 |
Imports of Goods and Services (Annual % Change) | 8.4 | 7.5 | 6.6 | -12.4 | 17.6 |
Exports of Goods and Services (Annual % Change) | 6.9 | 3.7 | 6.8 | -23.3 | 36.4 |
Imports of Goods and Services (in % of GDP) | 48.5 | 50.3 | 51.0 | 48.5 | 52.7 |
Exports of Goods and Services (in % of GDP) | 49.1 | 49.4 | 50.6 | 41.5 | 51.3 |
Source: World Bank ; Latest available data
Foreign Trade Forecasts | 2022 | 2023 (e) | 2024 (e) | 2025 (e) | 2026 (e) |
---|---|---|---|---|---|
Volume of exports of goods and services (Annual % change) | 25.4 | -7.0 | 3.0 | 3.0 | 3.0 |
Volume of imports of goods and services (Annual % change) | 25.0 | -2.5 | 3.3 | 2.1 | 1.3 |
Source: IMF, World Economic Outlook ; Latest available data
Note: (e) Estimated Data
Main Customers (% of Exports) |
2022 |
Italy | 12.2% |
Slovenia | 11.6% |
Germany | 11.4% |
Hungary | 11.2% |
Bosnia and Herzegovina | 10.4% |
Serbia | 6.2% |
Austria | 5.3% |
France | 2.4% |
United States | 2.3% |
Poland | 2.1% |
Spain | 1.7% |
Romania | 1.5% |
Türkiye | 1.5% |
Netherlands | 1.5% |
Czech Republic | 1.4% |
Montenegro | 1.3% |
Switzerland | 1.3% |
Slovakia | 1.0% |
United Kingdom | 1.0% |
Belgium | 1.0% |
See More Countries | 43.2% |
Main Suppliers (% of Imports) |
2022 |
Italy | 13.8% |
Germany | 12.5% |
Slovenia | 10.8% |
United States | 7.6% |
Hungary | 7.3% |
Austria | 5.2% |
Serbia | 3.5% |
Poland | 3.5% |
Bosnia and Herzegovina | 3.4% |
Netherlands | 3.3% |
China | 3.3% |
Azerbaijan | 2.8% |
France | 2.1% |
Slovakia | 2.0% |
Czech Republic | 1.9% |
Spain | 1.7% |
Belgium | 1.7% |
Türkiye | 1.5% |
Russia | 1.1% |
Romania | 1.1% |
See More Countries | 48.0% |
Source: Comtrade, 2023. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
Source: Comtrade, 2023. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
To go further, check out our service Import Export Flows.
Source: United Nations Statistics Division, 2023. Because of rounding, the sum of the percentages may be smaller/greater than 100%.
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Actualitzacions: September 2023
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