Flag Iceland / Croatia Flag

2019
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Exports
: $79k, Rnk 116 / 151

2019
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Top Product
: $47.3k, Forging Machines

2019
FlagFlag
Exports
: $5.43M, Rnk 82 / 184

2019
FlagFlag
Top Product
: $2.87M, Electrical Transformers

2019
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Economic Complexity (ECI)
: ECI 0.81, Rnk 37 / 146

2019
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GDP
: $24.2B, CURRENT US$
Rnk 107 / 187

2009-2019
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GDP GROWTH
: 83.7%, CURRENT US$
Rnk 42 / 187

2019
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 GDP
: $60.8B, CURRENT US$
Rnk 78 / 187

2009-2019
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GDP GROWTH
: -2.95%, CURRENT US$
Rnk 176 / 187

2019
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GDP PC 
: $66,945, CURRENT US$
Rnk 7 / 187

2009-2019
Flag
GDP PC GROWTH
: 62%, CURRENT US$
Rnk 42 / 187

2019
Flag
GDP PC
: $14,936, CURRENT US$
Rnk 59 / 187

2009-2019
Flag
GDP PC GROWTH
: 2.72%, CURRENT US$
Rnk 151 / 187

Iceland-Croatia In 2019, Iceland exported $79k to Croatia. The main products that Iceland exported to Croatia are Forging Machines ($47.3k), Other Edible Preparations ($20.4k), and Hydrometers ($1.86k). During the last 24 years the exports of Iceland to Croatia have decreased at an annualized rate of 7.86%, from $563k in 1995 to $79k in 2019.

In 2018, Iceland exported services to Croatia worth $1.89M, with Travel ($1.77M) and Transportation ($118k) being the largest in terms of value.

Croatia-Iceland In 2019, Croatia exported $5.43M to Iceland . The main products that Croatia exported to Iceland were Electrical Transformers ($2.87M), Iron Structures ($601k), and Toilet Paper ($354k). During the last 24 years the exports of Croatia to Iceland have increased at an annualized rate of 15.6%, from $166k in 1995 to $5.43M in 2019.

In 2018, Croatia exported services to Iceland worth $21.4M, with Other business services ($18.3M), Travel ($1.54M), and Computer and information services ($1.42M) being the largest in terms of value.

Comparison In 2019,  Iceland ranked 109 in total exports ($5.99B), and does not have data regarding Economic Complexity Index. That same year, Croatia ranked 37 in the Economic Complexity Index (ECI 0.81), and 75 in total exports ($17.6B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Iceland exported $79k to Croatia. The main products exported from Iceland to Croatia were Forging Machines ($47.3k), Other Edible Preparations ($20.4k), and Hydrometers ($1.86k). During the last 24 years the exports of Iceland to Croatia have decreased at an annualized rate of 7.86%, from $563k in 1995 to $79k in 2019.

In 2019, Croatia exported $5.43M to Iceland. The main products exported from Croatia to Iceland were Electrical Transformers ($2.87M), Iron Structures ($601k), and Toilet Paper ($354k). During the last 24 years the exports of Croatia to Iceland have increased at an annualized rate of 15.6%, from $166k in 1995 to $5.43M in 2019.

Iceland Exports

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Croatia Exports

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Market Competitiveness

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Measure

Iceland
Top Destination
: Netherlands, $1.38B

Croatia
Top Destination
: Italy, $2.35B

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 ($1.38B), United Kingdom ($546M), and Canada ($283M).

In 2019, countries that imported more from Croatia than Iceland were Italy ($2.35B), Slovenia ($1.82B), and Germany ($2.24B).

Comparative Advantage Iceland - Croatia

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Depth

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

During 2019, Iceland had a large net trade with Croatia in the exports of Machines ($49.8k), Foodstuffs ($20.4k), and Instruments ($3.77k).

During 2019, Croatia had a large net trade with Iceland in the exports of Machines ($3.3M), Metals ($895k), and Paper Goods ($359k).

Tariff Section

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This section shows import tariffs for products traded between Iceland and Croatia (using the HS6 product classification and the last year reported).

In 2017, the products from Iceland that paid the highest import tariffs to enter Croatia were Birds' eggs, in shell: fresh, not for incubation, other than fowls of the species Gallus domesticus (domestic hens) (557%) and Milk and cream unsweetened, concentrated (500%).

In 2017, the products from Croatia that paid the highest import tariffs to enter Iceland were Whey (173%) and Milk and cream unsweetened, concentrated (109%).

*The tariffs present between Iceland and Croatia are:
136: Most Favoured Nation duty rate treatement
216: Preferential tariff for European Economic Area
218: Preferential tariff for European Union countries

Bilateral Service Trade

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In 2018, Iceland exported services to Croatia worth $1.89M, with Travel ($1.77M) and Transportation ($118k) being the largest in terms of value.

In 2018, Croatia exported services to Iceland worth $21.4M, with Other business services ($18.3M), Travel ($1.54M), and Computer and information services ($1.42M) 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 red.  This mean that the more blue a dot/product is, the more Iceland has comparative advantage over Croatia. Similarly, the more red a dot/product is, the more Croatia has comparative advantage over Iceland.