Iceland (ISL) and Croatia (HRV) Trade | The Observatory of Economic Complexity

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Iceland-Croatia In 2022, Iceland exported $127k to Croatia. The main products that Iceland exported to Croatia are Refined Petroleum ($72.8k), Scales ($25.6k), and Other Processed Fruits and Nuts ($8.43k). During the last 27 years the exports of Iceland to Croatia have decreased at an annualized rate of 5.36%, from $560k in 1995 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 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). During the last 27 years the exports of Croatia to Iceland have increased at an annualized rate of 13.9%, from $166k in 1995 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 32 in the Economic Complexity Index (ECI 0.81), and 73 in total exports ($26B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 27 years the exports of Iceland to Croatia have decreased at an annualized rate of 5.36%, from $560k in 1995 to $127k in 2022.

In 2022, 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 27 years the exports of Croatia to Iceland have increased at an annualized rate of 13.9%, from $166k in 1995 to $5.59M in 2022.

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

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

Latest Data

Trade between Iceland () and Croatia ()

Iceland Exports

Date

Croatia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Croatia
Top DestinationItaly$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 2021, countries that imported more from Iceland than Croatia were Netherlands ($1.97B), United Kingdom ($672M), and Norway ($459M).

In 2021, countries that imported more from Croatia than Iceland were Italy ($3.44B), Slovenia ($2.87B), and Hungary ($2.65B).

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

Comparative Advantage Iceland - Croatia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, Croatia had a large net trade with Iceland in the exports of Machines ($2.62M), Transportation ($956k), and Metals ($411k).

Service Trade

Bilateral Service Trade

Hrv Year

Isl Year

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 () to Croatia () (2019)

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

Economic Complexity

Competitive Landscape

Year

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 Croatia. Similarly, the more yellow a dot/product is, the more Croatia has comparative advantage over Iceland.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Iceland () and Croatia ()

Iceland Exports

Croatia Exports

Market Competitiveness

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

Comparative Advantage Iceland - Croatia

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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