Croatia / Iceland

Croatia-Iceland Trade: In 2022, Croatia exported $5.59M to Iceland. The main products that Croatia exported to Iceland were Electric Motor Parts ($1.08M), Electrical Transformers ($876k), and Cars ($655k). Over the past 5 years the exports of Croatia to Iceland have increased at an annualized rate of 2.41%, from $4.96M in 2017 to $5.59M in 2022.

In 2020, Croatia exported services to Iceland worth $23.6M, with Other business services ($21.2M), Computer and information services ($1.71M), and Travel ($457k) being the largest in terms of value.

Iceland-Croatia Trade: In 2022, Iceland exported $127k to Croatia. The main products that Iceland exported to Croatia were Refined Petroleum ($72.8k), Scales ($25.6k), and Other Processed Fruits and Nuts ($8.43k). Over the past 5 years the exports of Iceland to Croatia have decreased at an annualized rate of 43.8%,  from $2.26M in 2017 to $127k in 2022.

In 2019, Iceland exported services to Croatia worth $2.13M, with Travel ($1.9M) and Transportation ($224k) being the largest in terms of value.

Comparison In 2022,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.8),  and 73 in total exports ($26B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.