Flag Iceland / Croatia Flag

2021
FlagFlag
Exports
: $43.5k, Rnk 125 / 162

2021
FlagFlag
Top Product
: $17k, Other Edible Preparations

2021
FlagFlag
Exports
: $4.35M, Rnk 84 / 185

2021
FlagFlag
Top Product
: $1.61M, Electrical Transformers

2021
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Economic Complexity (ECI)
: ECI 0.81, Rnk 34 / 131

2021
Flag  
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
: $67.8B, CURRENT US$
Rnk 73 / 182

2011-2021
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GDP GROWTH
: 7.39%, CURRENT US$
Rnk 137 / 182

2021
Flag
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
Flag
GDP PC
: $17,399, CURRENT US$
Rnk 48 / 182

2011-2021
Flag
GDP PC GROWTH
: 17.9%, CURRENT US$
Rnk 77 / 182

Iceland-Croatia In 2021, Iceland exported $43.5k to Croatia. The main products that Iceland exported to Croatia are Other Edible Preparations ($17k), Scales ($5.64k), and Animal Food ($3.34k). During the last 26 years the exports of Iceland to Croatia have decreased at an annualized rate of 9.36%, from $559k in 1995 to $43.5k in 2021.

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 2021, Croatia exported $4.35M to Iceland. The main products that Croatia exported to Iceland were Electrical Transformers ($1.61M), Cars ($319k), and Other Iron Products ($291k). During the last 26 years the exports of Croatia to Iceland have increased at an annualized rate of 13.4%, from $165k in 1995 to $4.35M in 2021.

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 2021,  Iceland ranked 113 in total exports ($6.76B), and does not have data regarding Economic Complexity Index. That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.81), and 72 in total exports ($22.8B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Iceland exported $43.5k to Croatia. The main products exported from Iceland to Croatia were Other Edible Preparations ($17k), Scales ($5.64k), and Animal Food ($3.34k). During the last 26 years the exports of Iceland to Croatia have decreased at an annualized rate of 9.36%, from $559k in 1995 to $43.5k in 2021.

In 2021, Croatia exported $4.35M to Iceland. The main products exported from Croatia to Iceland were Electrical Transformers ($1.61M), Cars ($319k), and Other Iron Products ($291k). During the last 26 years the exports of Croatia to Iceland have increased at an annualized rate of 13.4%, from $165k in 1995 to $4.35M in 2021.

Iceland Exports

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Croatia Exports

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Market Competitiveness

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Color

Iceland
Top Destination
: Netherlands, $1.65B

Croatia
Top Destination
: Italy, $2.82B

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 ($1.65B), Spain ($704M), and United Kingdom ($577M).

In 2021, countries that imported more from Croatia than Iceland were Italy ($2.82B), Slovenia ($2.33B), and Germany ($2.63B).

Comparative Advantage Iceland - Croatia

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Flow
Scale

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

During 2021, Iceland had a large net trade with Croatia in the exports of Foodstuffs ($23.5k), Machines ($6.95k), and Instruments ($6.36k).

During 2021, Croatia had a large net trade with Iceland in the exports of Machines ($2.45M), Metals ($367k), and Transportation ($322k).

Bilateral Service Trade

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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.

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