2022
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GDP
$71BCURRENT US$
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2012-2022
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GDP GROWTH
24%CURRENT US$
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2022
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 GDP
$27.8BCURRENT US$
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2012-2022
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GDP GROWTH
88.7%CURRENT US$
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GDP PC 
$18,413CURRENT US$
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2012-2022
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GDP PC GROWTH
37.3%CURRENT US$
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2022
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GDP PC
$72,903CURRENT US$
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GDP PC GROWTH
58.5%CURRENT US$
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About

Croatia-Iceland In 2022, Croatia exported $5.59M to Iceland. The main products that Croatia exported to Iceland are Electric Motor Parts ($1.08M), Electrical Transformers ($876k), and Cars ($655k). During the last 27 years the exports of Croatia to Iceland have increased at an annualized rate of 13.9%, from $166k in 1995 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 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). During the last 27 years the exports of Iceland to Croatia have decreased at an annualized rate of 5.36%, from $560k in 1995 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 32 in the Economic Complexity Index (ECI 0.81),  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.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Croatia exported $5.59M to Iceland. The main products exported from Croatia to Iceland were Electric Motor Parts ($1.08M), Electrical Transformers ($876k), and Cars ($655k). During the last 27 years the exports of Croatia to Iceland have increased at an annualized rate of 13.9%, from $166k in 1995 to $5.59M in 2022.

In 2022, Iceland exported $127k to Croatia. The main products exported from Iceland to Croatia were Refined Petroleum ($72.8k), Scales ($25.6k), and Other Processed Fruits and Nuts ($8.43k). During the last 27 years the exports of Iceland to Croatia have decreased at an annualized rate of 5.36%, from $560k in 1995 to $127k in 2022.

Exports from Croatia (Flag) to Iceland (Flag) (2022)

Exports from Iceland (Flag) to Croatia (Flag) (2022)

Latest Data

Trade between Croatia (Flag) and Iceland (Flag)

Croatia Exports

Iceland Exports

Market Competitiveness

Color
Croatia
Top Destination
Italy$3.44B
Iceland
Top Destination
Netherlands$1.97B

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

In 2021, countries that imported more from Croatia than Iceland were Italy ($3.44B), Slovenia ($2.87B), and Hungary ($2.65B).

In 2021, countries that imported more from Iceland than Croatia were Netherlands ($1.97B), United Kingdom ($672M), and Norway ($459M).

Difference in imports from Iceland (Flag) and Croatia (Flag) (2022)

Comparative Advantage Croatia - Iceland

Flow
Scale

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

During 2022, Croatia had a large net trade with Iceland in the exports of Machines ($2.62M), Transportation ($956k), and Metals ($411k).

During 2022, Iceland had a large net trade with Croatia in the exports of Mineral Products ($72.8k), Machines ($27.2k), and Foodstuffs ($16.9k).

Service Trade

Bilateral Service Trade

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.

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

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

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

Product Space of Croatia (Flag) and Iceland (Flag) (2022)

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