Flag Iceland / Croatia Flag

2020
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Exports
: $43.6k, Rnk 116 / 152

2020
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Top Product
: $25.9k, Other Edible Preparations

2020
FlagFlag
Exports
: $3.36M, Rnk 88 / 185

2020
FlagFlag
Top Product
: $1.02M, Electrical Transformers

2020
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Economic Complexity (ECI)
: ECI 0.73, Rnk 35 / 127

2020
Flag  
GDP
: $21.7B, CURRENT US$
Rnk 108 / 195

2010-2020
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GDP GROWTH
: 57.9%, CURRENT US$
Rnk 47 / 195

2020
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 GDP
: $57.2B, CURRENT US$
Rnk 81 / 195

2010-2020
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GDP GROWTH
: -5.33%, CURRENT US$
Rnk 168 / 195

2020
Flag
GDP PC 
: $59,270, CURRENT US$
Rnk 11 / 195

2010-2020
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GDP PC GROWTH
: 37.1%, CURRENT US$
Rnk 44 / 195

2020
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GDP PC
: $14,134, CURRENT US$
Rnk 59 / 195

2010-2020
Flag
GDP PC GROWTH
: 0.47%, CURRENT US$
Rnk 135 / 195

Iceland-Croatia In 2020, Iceland exported $43.6k to Croatia. The main products that Iceland exported to Croatia are Other Edible Preparations ($25.9k), Computers ($7.33k), and Other Measuring Instruments ($1.61k). During the last 25 years the exports of Iceland to Croatia have decreased at an annualized rate of 9.7%, from $559k in 1995 to $43.6k in 2020.

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 2020, Croatia exported $3.36M to Iceland. The main products that Croatia exported to Iceland were Electrical Transformers ($1.02M), Iron Structures ($614k), and Toilet Paper ($226k). During the last 25 years the exports of Croatia to Iceland have increased at an annualized rate of 12.8%, from $165k in 1995 to $3.36M in 2020.

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 2020,  Iceland ranked 112 in total exports ($5.18B), and does not have data regarding Economic Complexity Index. That same year, Croatia ranked 35 in the Economic Complexity Index (ECI 0.73), and 72 in total exports ($17.7B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Iceland exported $43.6k to Croatia. The main products exported from Iceland to Croatia were Other Edible Preparations ($25.9k), Computers ($7.33k), and Other Measuring Instruments ($1.61k). During the last 25 years the exports of Iceland to Croatia have decreased at an annualized rate of 9.7%, from $559k in 1995 to $43.6k in 2020.

In 2020, Croatia exported $3.36M to Iceland. The main products exported from Croatia to Iceland were Electrical Transformers ($1.02M), Iron Structures ($614k), and Toilet Paper ($226k). During the last 25 years the exports of Croatia to Iceland have increased at an annualized rate of 12.8%, from $165k in 1995 to $3.36M in 2020.

Iceland Exports

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Croatia Exports

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Market Competitiveness

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Measure

Iceland
Top Destination
: Netherlands, $931M

Croatia
Top Destination
: Germany, $2.16B

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 2019, countries that imported more from Iceland than Croatia were Netherlands ($931M), Spain ($796M), and United Kingdom ($517M).

In 2019, countries that imported more from Croatia than Iceland were Italy ($2.11B), Slovenia ($1.73B), and Germany ($2.16B).

Comparative Advantage Iceland - Croatia

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Flow

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

During 2020, Iceland had a large net trade with Croatia in the exports of Foodstuffs ($27.8k), Machines ($9.08k), and Textiles ($3.82k).

During 2020, Croatia had a large net trade with Iceland in the exports of Machines ($1.69M), Metals ($731k), and Paper Goods ($259k).

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.