2023
Flag  
GDP
$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH
94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP
$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 88 / 195
2023
Flag
GDP PC 
$79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH
59.9%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC
$32,610CURRENT US$
Rnk 43 / 196
2013-2023
Flag
GDP PC GROWTH
40.3%CURRENT US$
Rnk 61 / 195

About

Iceland-Slovenia Trade: In 2023, Iceland exported $1.89M to Slovenia. The main products that Iceland exported to Slovenia were Raw Aluminium ($637k), Ferroalloys ($345k), and Non-fillet Frozen Fish ($307k). Over the past 5 years the exports of Iceland to Slovenia have decreased at an annualized rate of 2.7%, from $2.17M in 2018 to $1.89M in 2023.

In 2019, Iceland exported services to Slovenia worth $3.47M, with Travel ($3.13M) and Transportation ($336k) being the largest in terms of value.

Slovenia-Iceland Trade: In 2023, Slovenia exported $25.5M to Iceland. The main products that Slovenia exported to Iceland were Cars ($6.24M), Utility Meters ($3.55M), and Trailers and semi-trailers, not mechanically propelled vehicles ($2.81M). Over the past 5 years the exports of Slovenia to Iceland have increased at an annualized rate of 25.7%,  from $8.13M in 2018 to $25.5M in 2023.

In 2020, Slovenia exported services to Iceland worth $3.43M, with Other business services ($2.06M), Construction services ($1.14M), and Transportation ($114k) being the largest in terms of value.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $1.89M to Slovenia. The main products exported from Iceland to Slovenia were Raw Aluminium ($637k), Ferroalloys ($345k), and Non-fillet Frozen Fish ($307k). During the last 5 years the exports of Iceland to Slovenia have decreased at an annualized rate of 2.7%, from $2.17M in 2018 to $1.89M in 2023.

In 2018, Slovenia exported $25.5M to Iceland. The main products exported from Slovenia to Iceland were Cars ($6.24M), Utility Meters ($3.55M), and Trailers and semi-trailers, not mechanically propelled vehicles ($2.81M). During the last 5 years the exports of Slovenia to Iceland have increased at an annualized rate of 25.7%, from $8.13M in 2023 to $25.5M in 2018.

Exports from Iceland (Flag) to Slovenia (Flag) (2023)

Exports from Slovenia (Flag) to Iceland (Flag) (2023)

Latest Data

Trade between Iceland (Flag) and Slovenia (Flag)

Iceland Exports

Slovenia Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Slovenia
Top Destination
Switzerland$13.5B

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

In 2023, countries that imported more from Iceland than Slovenia included Netherlands ($1.97B), Norway ($444M), and Greenland ($72.3M).

In 2023, countries that imported more from Slovenia than Iceland included Switzerland ($13.5B), Germany ($7.21B), and Italy ($6.23B).

Difference in imports from Slovenia (Flag) and Iceland (Flag) (2023)

Comparative Advantage Iceland - Slovenia

Flow
Scale

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

During 2023, Iceland had a large net trade with Slovenia in the exports of Metals ($984k), Animal Products ($330k), and Instruments ($268k).

During 2018, Slovenia had a large net trade with Iceland in the exports of Transportation ($9.71M), Instruments ($4.19M), and Machines ($3.57M).

Bilateral Service Trade

In 2019, Iceland exported services to Slovenia worth $3.47M, with Travel ($3.13M) and Transportation ($336k) being the largest in terms of value.

In 2020, Slovenia exported services to Iceland worth $3.43M, with Other business services ($2.06M), Construction services ($1.14M), and Transportation ($114k) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Product Space of Iceland (Flag) and Slovenia (Flag) (2023)

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