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

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $25.5M in 2023.

In 2018, 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 2023 to $1.89M in 2018.

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

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

Latest Data

Trade between Slovenia (Flag) and Iceland (Flag)

Slovenia Exports

Iceland Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Slovenia - Iceland

Flow
Scale

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

During 2023, Slovenia had a large net trade with Iceland in the exports of Transportation ($9.71M), Instruments ($4.19M), and Machines ($3.57M).

During 2018, Iceland had a large net trade with Slovenia in the exports of Metals ($984k), Animal Products ($330k), and Instruments ($268k).

Bilateral Service Trade

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.

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

Service trade data is presented based on availability.

Services Exports from Slovenia (Flag) to Iceland (Flag) (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Slovenia and Iceland. This means that a dot/product with the flag of Slovenia indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over Slovenia.

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

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