2022
Flag  
GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH
88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP
$71BCURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP GROWTH
24%CURRENT US$
Rnk 113 / 186
2022
Flag
GDP PC 
$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH
58.5%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC
$18,413CURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP PC GROWTH
37.3%CURRENT US$
Rnk 53 / 186

About

Iceland-Croatia Trade: In 2022, Iceland exported $127k to Croatia. The main products that Iceland exported to Croatia were Refined Petroleum ($72.8k), Scales ($25.6k), and Other Processed Fruits and Nuts ($8.43k). Over the past 5 years the exports of Iceland to Croatia have decreased at an annualized rate of 43.8%, from $2.26M in 2017 to $127k in 2022.

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

Croatia-Iceland Trade: In 2022, Croatia exported $5.59M to Iceland. The main products that Croatia exported to Iceland were Electric Motor Parts ($1.08M), Electrical Transformers ($876k), and Cars ($655k). Over the past 5 years the exports of Croatia to Iceland have increased at an annualized rate of 1.71%,  from $4.96M in 2017 to $5.59M in 2022.

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.

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. 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, Iceland exported $127k to Croatia. The main products exported from Iceland to Croatia were Refined Petroleum ($72.8k), Scales ($25.6k), and Other Processed Fruits and Nuts ($8.43k). During the last 5 years the exports of Iceland to Croatia have decreased at an annualized rate of 43.8%, from $2.26M in 2017 to $127k in 2022.

In 2017, Croatia exported $5.59M to Iceland. The main products exported from Croatia to Iceland were Electric Motor Parts ($1.08M), Electrical Transformers ($876k), and Cars ($655k). During the last 5 years the exports of Croatia to Iceland have increased at an annualized rate of 1.71%, from $4.96M in 2022 to $5.59M in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Croatia (Flag)

Iceland Exports

Croatia Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Croatia
Top Destination
Italy$3.44B

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

In 2022, countries that imported more from Iceland than Croatia included Netherlands ($1.97B), United Kingdom ($672M), and Norway ($459M).

In 2022, countries that imported more from Croatia than Iceland included Italy ($3.44B), Slovenia ($2.87B), and Hungary ($2.65B).

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

Comparative Advantage Iceland - Croatia

Flow
Scale

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

During 2022, Iceland had a large net trade with Croatia in the exports of Mineral Products ($72.8k), Machines ($27.2k), and Foodstuffs ($16.9k).

During 2017, Croatia had a large net trade with Iceland in the exports of Machines ($2.62M), Transportation ($956k), and Metals ($411k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iceland Croatia+N/AN/A
Top Product Potential Croatia Iceland+N/AN/A

N/A

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Bilateral Service Trade

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

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.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Iceland (Flag) and Croatia (Flag) (2022)

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