Flag Iceland / Czechia Flag

2021
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Exports
: $101M, Rnk 13 / 162

2021
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Top Product
: $89.6M, Raw Aluminium

2021
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Exports
: $70.5M, Rnk 76 / 204

2021
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Top Product
: $39M, Cars

2021
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Economic Complexity (ECI)
: ECI 1.56, Rnk 7 / 131

2021
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GDP
: $25.5B, CURRENT US$
Rnk 104 / 182

2011-2021
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GDP GROWTH
: 67.3%, CURRENT US$
Rnk 32 / 182

2021
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 GDP
: $282B, CURRENT US$
Rnk 45 / 182

2011-2021
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GDP GROWTH
: 23%, CURRENT US$
Rnk 103 / 182

2021
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GDP PC 
: $68,384, CURRENT US$
Rnk 8 / 182

2011-2021
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GDP PC GROWTH
: 43.3%, CURRENT US$
Rnk 38 / 182

2021
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GDP PC
: $26,378, CURRENT US$
Rnk 36 / 182

2011-2021
Flag
GDP PC GROWTH
: 20.6%, CURRENT US$
Rnk 72 / 182

Iceland-Czechia In 2021, Iceland exported $101M to Czechia. The main products that Iceland exported to Czechia are Raw Aluminium ($89.6M), Fish Fillets ($3.58M), and Ferroalloys ($1.86M). During the last 26 years the exports of Iceland to Czechia have increased at an annualized rate of 17.1%, from $1.67M in 1995 to $101M in 2021.

In 2019, Iceland exported services to Czechia worth $20M, with Travel ($15M), Transportation ($2.91M), and Royalties and license fees ($1.23M) being the largest in terms of value.

Czechia-Iceland In 2021, Czechia exported $70.5M to Iceland. The main products that Czechia exported to Iceland were Cars ($39M), Prefabricated Buildings ($1.97M), and Computers ($1.56M). During the last 26 years the exports of Czechia to Iceland have increased at an annualized rate of 9.74%, from $6.28M in 1995 to $70.5M in 2021.

In 2019, Czechia exported services to Iceland worth $6.6M, with Transportation ($3.58M), Travel ($1.9M), and Computer and information services ($560k) being the largest in terms of value.

Comparison In 2021,  Iceland ranked 113 in total exports ($6.76B), and does not have data regarding Economic Complexity Index. That same year, Czechia ranked 7 in the Economic Complexity Index (ECI 1.56), and 29 in total exports ($225B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Iceland exported $101M to Czechia. The main products exported from Iceland to Czechia were Raw Aluminium ($89.6M), Fish Fillets ($3.58M), and Ferroalloys ($1.86M). During the last 26 years the exports of Iceland to Czechia have increased at an annualized rate of 17.1%, from $1.67M in 1995 to $101M in 2021.

In 2021, Czechia exported $70.5M to Iceland. The main products exported from Czechia to Iceland were Cars ($39M), Prefabricated Buildings ($1.97M), and Computers ($1.56M). During the last 26 years the exports of Czechia to Iceland have increased at an annualized rate of 9.74%, from $6.28M in 1995 to $70.5M in 2021.

Iceland Exports

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Czechia Exports

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Market Competitiveness

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Color

Iceland
Top Destination
: Netherlands, $1.65B

Czechia
Top Destination
: Germany, $70.5B

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

In 2021, countries that imported more from Iceland than Czechia were Greenland ($18.1M), Bahamas ($2.23M), and Antigua and Barbuda ($1.02M).

In 2021, countries that imported more from Czechia than Iceland were Germany ($70.5B), Slovakia ($17.8B), and Poland ($14.7B).

Comparative Advantage Iceland - Czechia

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Flow
Scale

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

During 2021, Iceland had a large net trade with Czechia in the exports of Metals ($91.6M), Animal Products ($4.44M), and Instruments ($1.75M).

During 2021, Czechia had a large net trade with Iceland in the exports of Transportation ($41.6M), Machines ($9.46M), and Metals ($5.34M).

Bilateral Service Trade

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In 2019, Iceland exported services to Czechia worth $20M, with Travel ($15M), Transportation ($2.91M), and Royalties and license fees ($1.23M) being the largest in terms of value.

In 2019, Czechia exported services to Iceland worth $6.6M, with Transportation ($3.58M), Travel ($1.9M), and Computer and information services ($560k) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Iceland has comparative advantage over Czechia. Similarly, the more yellow a dot/product is, the more Czechia has comparative advantage over Iceland.