Iceland (ISL) and Slovakia (SVK) Trade | OEC - The Observatory of Economic Complexity

About

Iceland-Slovakia In 2021, Iceland exported $16.9M to Slovakia. The main products that Iceland exported to Slovakia are Raw Aluminium ($11.3M), Packaged Medicaments ($1.54M), and Processed Fish ($906k). During the last 26 years the exports of Iceland to Slovakia have increased at an annualized rate of 15%, from $445k in 1995 to $16.9M in 2021.

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 In 2021, Slovakia exported $36.1M to Iceland. The main products that Slovakia exported to Iceland were Cars ($24.3M), Video Displays ($2.28M), and Other Furniture ($1.02M). During the last 26 years the exports of Slovakia to Iceland have increased at an annualized rate of 13%, from $1.5M in 1995 to $36.1M in 2021.

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 2021, Iceland ranked 113 in total exports ($6.76B), and does not have data regarding Economic Complexity Index. That same year, Slovakia ranked 16 in the Economic Complexity Index (ECI 1.31), and 38 in total exports ($104B).

Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Iceland exported $16.9M to Slovakia. The main products exported from Iceland to Slovakia were Raw Aluminium ($11.3M), Packaged Medicaments ($1.54M), and Processed Fish ($906k). During the last 26 years the exports of Iceland to Slovakia have increased at an annualized rate of 15%, from $445k in 1995 to $16.9M in 2021.

In 2021, Slovakia exported $36.1M to Iceland. The main products exported from Slovakia to Iceland were Cars ($24.3M), Video Displays ($2.28M), and Other Furniture ($1.02M). During the last 26 years the exports of Slovakia to Iceland have increased at an annualized rate of 13%, from $1.5M in 1995 to $36.1M in 2021.

Latest Data

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Iceland Exports

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Date

Slovakia Exports

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Date

Market Competitiveness

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Color

SectionYear

Iceland
Top Destination: Netherlands, $1.65B

Slovakia
Top Destination: Germany, $21.8B

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 2021, countries that imported more from Iceland than Slovakia were Nigeria ($66.5M), Greenland ($18.1M), and Senegal ($15.6M).

In 2021, countries that imported more from Slovakia than Iceland were Germany ($21.8B), Czechia ($11.6B), and Poland ($8.47B).

Comparative Advantage Iceland - Slovakia

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Flow

Scale

Year

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

During 2021, Iceland had a large net trade with Slovakia in the exports of Metals ($11.3M), Chemical Products ($1.64M), and Machines ($1.45M).

During 2021, Slovakia had a large net trade with Iceland in the exports of Transportation ($24.9M), Machines ($5.72M), and Miscellaneous ($1.54M).

Service Trade

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Bilateral Service Trade

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Svk YearIsl Year

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.

Economic Complexity

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Competitive Landscape

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

About

Historical Data

Bilateral Trade by Products

Latest Data

Iceland Exports

Slovakia Exports

Market Competitiveness

Comparative Advantage Iceland - Slovakia

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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