2022
Flag  
GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH
88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
Flag
GDP GROWTH
22%CURRENT US$
Rnk 117 / 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
$21,258CURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
Rnk 80 / 186

About

Iceland-Slovakia Trade: In 2022, Iceland exported $24.7M to Slovakia. The main products that Iceland exported to Slovakia were Raw Aluminium ($19.5M), Processed Fish ($809k), and Unpackaged Medicaments ($742k). Over the past 5 years the exports of Iceland to Slovakia have increased at an annualized rate of 23.7%, from $8.53M in 2017 to $24.7M in 2022.

In 2019, Iceland exported services to Slovakia worth $5.71M, with Travel ($5.49M) and Transportation ($224k) being the largest in terms of value.

Slovakia-Iceland Trade: In 2022, Slovakia exported $55.5M to Iceland. The main products that Slovakia exported to Iceland were Cars ($42.6M), Video Displays ($2.28M), and Prefabricated Buildings ($1.04M). Over the past 5 years the exports of Slovakia to Iceland have increased at an annualized rate of 6.11%,  from $41.3M in 2017 to $55.5M in 2022.

In 2020, Slovakia exported services to Iceland worth $4.23M, with Transportation ($1.71M), Travel ($1.26M), and Financial services ($1.03M) 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, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $24.7M to Slovakia. The main products exported from Iceland to Slovakia were Raw Aluminium ($19.5M), Processed Fish ($809k), and Unpackaged Medicaments ($742k). During the last 5 years the exports of Iceland to Slovakia have increased at an annualized rate of 23.7%, from $8.53M in 2017 to $24.7M in 2022.

In 2017, Slovakia exported $55.5M to Iceland. The main products exported from Slovakia to Iceland were Cars ($42.6M), Video Displays ($2.28M), and Prefabricated Buildings ($1.04M). During the last 5 years the exports of Slovakia to Iceland have increased at an annualized rate of 6.11%, from $41.3M in 2022 to $55.5M in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Slovakia (Flag)

Iceland Exports

Slovakia Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Slovakia
Top Destination
Germany$22.2B

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

In 2022, countries that imported more from Iceland than Slovakia included Norway ($459M), Nigeria ($69.3M), and Greenland ($28.2M).

In 2022, countries that imported more from Slovakia than Iceland included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

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

Comparative Advantage Iceland - Slovakia

Flow
Scale

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

During 2022, Iceland had a large net trade with Slovakia in the exports of Metals ($20M), Chemical Products ($2.04M), and Foodstuffs ($818k).

During 2017, Slovakia had a large net trade with Iceland in the exports of Transportation ($43.6M), Machines ($5.66M), and Miscellaneous ($2.35M).

Bilateral Service Trade

In 2019, Iceland exported services to Slovakia worth $5.71M, with Travel ($5.49M) and Transportation ($224k) being the largest in terms of value.

In 2020, Slovakia exported services to Iceland worth $4.23M, with Transportation ($1.71M), Travel ($1.26M), and Financial services ($1.03M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Slovakia (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 Slovakia. This means that a dot/product with the flag of Iceland indicates it has a comparative advantage over Slovakia. Similarly, a dot/product with the flag of Slovakia indicates it has a comparative advantage over Iceland.

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

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