2023
Flag  
GDP
$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH
94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP
$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP GROWTH
41%CURRENT US$
Rnk 92 / 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
$21,865CURRENT US$
Rnk 60 / 196
2013-2023
Flag
GDP PC GROWTH
54.7%CURRENT US$
Rnk 41 / 195

About

Iceland-Croatia Trade: In 2023, Iceland exported $897k to Croatia. The main products that Iceland exported to Croatia were Special Purpose Ships ($436k), Refined Petroleum ($337k), and Medical Instruments ($71.3k). Over the past 5 years the exports of Iceland to Croatia have increased at an annualized rate of 6.03%, from $670k in 2018 to $897k in 2023.

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

Croatia-Iceland Trade: In 2023, Croatia exported $6.63M to Iceland. The main products that Croatia exported to Iceland were Electrical Transformers ($2.95M), Chocolate ($657k), and Iron Structures ($300k). Over the past 5 years the exports of Croatia to Iceland have increased at an annualized rate of 0.067%,  from $6.61M in 2018 to $6.63M in 2023.

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.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $897k to Croatia. The main products exported from Iceland to Croatia were Special Purpose Ships ($436k), Refined Petroleum ($337k), and Medical Instruments ($71.3k). During the last 5 years the exports of Iceland to Croatia have increased at an annualized rate of 6.03%, from $670k in 2018 to $897k in 2023.

In 2018, Croatia exported $6.63M to Iceland. The main products exported from Croatia to Iceland were Electrical Transformers ($2.95M), Chocolate ($657k), and Iron Structures ($300k). During the last 5 years the exports of Croatia to Iceland have increased at an annualized rate of 0.067%, from $6.61M in 2023 to $6.63M in 2018.

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

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

Latest Data

Trade between Iceland (Flag) and Croatia (Flag)

Iceland Exports

Croatia Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Croatia
Top Destination
Italy$3.05B

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

In 2023, countries that imported more from Iceland than Croatia included Netherlands ($1.97B), Norway ($444M), and United Kingdom ($607M).

In 2023, countries that imported more from Croatia than Iceland included Italy ($3.05B), Slovenia ($2.45B), and Germany ($2.58B).

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

Comparative Advantage Iceland - Croatia

Flow
Scale

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

During 2023, Iceland had a large net trade with Croatia in the exports of Transportation ($436k), Mineral Products ($337k), and Instruments ($78.3k).

During 2018, Croatia had a large net trade with Iceland in the exports of Machines ($3.52M), Foodstuffs ($760k), and Metals ($593k).

Bilateral Service Trade

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

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.

Service trade data is presented based on availability.

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

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

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

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