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

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Slovakia-Iceland In 2022, Slovakia exported $55.5M to Iceland. The main products that Slovakia exported to Iceland are Cars ($42.6M), Video Displays ($2.28M), and Prefabricated Buildings ($1.04M). During the last 27 years the exports of Slovakia to Iceland have increased at an annualized rate of 14.3%, from $1.51M in 1995 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.

Iceland-Slovakia 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). During the last 27 years the exports of Iceland to Slovakia have increased at an annualized rate of 16%, from $448k in 1995 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.

Comparison In 2022, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.3), and 41 in total exports ($110B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 27 years the exports of Slovakia to Iceland have increased at an annualized rate of 14.3%, from $1.51M in 1995 to $55.5M in 2022.

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 27 years the exports of Iceland to Slovakia have increased at an annualized rate of 16%, from $448k in 1995 to $24.7M in 2022.

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

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

Latest Data

Trade between Slovakia () and Iceland ()

Slovakia Exports

Date

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovakia
Top DestinationGermany$22.2B

Iceland
Top DestinationNetherlands$1.97B

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

In 2021, countries that imported more from Slovakia than Iceland were Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

In 2021, countries that imported more from Iceland than Slovakia were Norway ($459M), Nigeria ($69.3M), and Greenland ($28.2M).

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

Comparative Advantage Slovakia - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Slovakia had a large net trade with Iceland in the exports of Transportation ($43.6M), Machines ($5.66M), and Miscellaneous ($2.35M).

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

Service Trade

Bilateral Service Trade

Isl Year

Svk Year

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.

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

Service trade data is presented based on availability.

Services Exports from Slovakia () to Iceland () (2020)

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

Economic Complexity

Competitive Landscape

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Slovakia () and Iceland ()

Slovakia Exports

Iceland Exports

Market Competitiveness

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

Comparative Advantage Slovakia - Iceland

Service Trade

Bilateral Service Trade

Services Exports from Slovakia () to Iceland () (2020)

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

Economic Complexity

Competitive Landscape

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

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