2023
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GDP
$84.4BCURRENT US$
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2013-2023
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GDP GROWTH
41%CURRENT US$
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2023
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 GDP
$31.3BCURRENT US$
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2013-2023
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GDP GROWTH
94.3%CURRENT US$
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2023
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GDP PC 
$21,865CURRENT US$
Rnk 60 / 195
2013-2023
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GDP PC GROWTH
54.7%CURRENT US$
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2023
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GDP PC
$79,637CURRENT US$
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2013-2023
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GDP PC GROWTH
59.9%CURRENT US$
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About

Croatia-Iceland Trade: In 2023, Croatia exported $6.63M to Iceland. The main products that Croatia exported to Iceland were Electrical Transformers ($2.95M), Chocolate ($657k), and Iron Structures ($300k). Over the past 5 years the exports of Croatia to Iceland have increased at an annualized rate of 0.067%, from $6.61M in 2018 to $6.63M in 2023.

In 2020, Croatia exported services to Iceland worth $23.6M, with Other business services ($21.2M), Computer and information services ($1.71M), and Travel ($457k) being the largest in terms of value.

Iceland-Croatia Trade: In 2023, Iceland exported $897k to Croatia. The main products that Iceland exported to Croatia were Special Purpose Ships ($436k), Refined Petroleum ($337k), and Medical Instruments ($71.3k). Over the past 5 years the exports of Iceland to Croatia have increased at an annualized rate of 6.03%,  from $670k in 2018 to $897k in 2023.

In 2019, Iceland exported services to Croatia worth $2.13M, with Travel ($1.9M) and Transportation ($224k) being the largest in terms of value.

Comparison In 2023,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.76),  and 75 in total exports ($22.5B). That same year, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Croatia exported $6.63M to Iceland. The main products exported from Croatia to Iceland were Electrical Transformers ($2.95M), Chocolate ($657k), and Iron Structures ($300k). During the last 5 years the exports of Croatia to Iceland have increased at an annualized rate of 0.067%, from $6.61M in 2018 to $6.63M in 2023.

In 2018, Iceland exported $897k to Croatia. The main products exported from Iceland to Croatia were Special Purpose Ships ($436k), Refined Petroleum ($337k), and Medical Instruments ($71.3k). During the last 5 years the exports of Iceland to Croatia have increased at an annualized rate of 6.03%, from $670k in 2023 to $897k in 2018.

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

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

Latest Data

Trade between Croatia (Flag) and Iceland (Flag)

Croatia Exports

Iceland Exports

Market Competitiveness

Color
Croatia
Top Destination
Italy$3.05B
Iceland
Top Destination
Netherlands$1.97B

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

In 2023, countries that imported more from Croatia than Iceland included Italy ($3.05B), Slovenia ($2.45B), and Germany ($2.58B).

In 2023, countries that imported more from Iceland than Croatia included Netherlands ($1.97B), Norway ($444M), and United Kingdom ($607M).

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

Comparative Advantage Croatia - Iceland

Flow
Scale

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

During 2023, Croatia had a large net trade with Iceland in the exports of Machines ($3.52M), Foodstuffs ($760k), and Metals ($593k).

During 2018, Iceland had a large net trade with Croatia in the exports of Transportation ($436k), Mineral Products ($337k), and Instruments ($78.3k).

Bilateral Service Trade

In 2020, Croatia exported services to Iceland worth $23.6M, with Other business services ($21.2M), Computer and information services ($1.71M), and Travel ($457k) being the largest in terms of value.

In 2019, Iceland exported services to Croatia worth $2.13M, with Travel ($1.9M) and Transportation ($224k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Iceland (Flag) to Croatia (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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