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

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Iceland-Slovakia Trade: In 2023, Iceland exported $31.2M to Slovakia. The main products that Iceland exported to Slovakia were Raw Aluminium ($19.8M), Ferroalloys ($3.81M), and Aluminium Bars ($1.43M). Over the past 5 years the exports of Iceland to Slovakia have increased at an annualized rate of 28.5%, from $8.92M in 2018 to $31.2M in 2023.

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

Slovakia-Iceland Trade: In 2023, Slovakia exported $47.6M to Iceland. The main products that Slovakia exported to Iceland were Cars ($30.1M), Video Displays ($3.36M), and Other Furniture ($1.04M). Over the past 5 years the exports of Slovakia to Iceland have increased at an annualized rate of 3.14%, from $40.8M in 2018 to $47.6M in 2023.

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.

Comparison In 2023, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iceland exported $31.2M to Slovakia. The main products exported from Iceland to Slovakia were Raw Aluminium ($19.8M), Ferroalloys ($3.81M), and Aluminium Bars ($1.43M). During the last 5 years the exports of Iceland to Slovakia have increased at an annualized rate of 28.5%, from $8.92M in 2018 to $31.2M in 2023.

In 2018, Slovakia exported $47.6M to Iceland. The main products exported from Slovakia to Iceland were Cars ($30.1M), Video Displays ($3.36M), and Other Furniture ($1.04M). During the last 5 years the exports of Slovakia to Iceland have increased at an annualized rate of 3.14%, from $40.8M in 2023 to $47.6M in 2018.

Exports from Iceland () to Slovakia () (2023)

Exports from Slovakia () to Iceland () (2023)

Latest Data

Trade between Iceland () and Slovakia ()

Iceland Exports

Date

Slovakia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Slovakia
Top DestinationGermany$21.5B

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

In 2023, countries that imported more from Iceland than Slovakia included Greenland ($72.3M), Norway ($444M), and Nigeria ($73.5M).

In 2023, countries that imported more from Slovakia than Iceland included Germany ($21.5B), Czechia ($11.1B), and Hungary ($7.34B).

Difference in imports from Slovakia () and Iceland () (2023)

Comparative Advantage Iceland - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iceland had a large net trade with Slovakia in the exports of Metals ($25.1M), Chemical Products ($2.16M), and Instruments ($1.32M).

During 2018, Slovakia had a large net trade with Iceland in the exports of Transportation ($31.9M), Machines ($8.58M), and Miscellaneous ($2.4M).

Bilateral Service Trade

Svk Year

Isl Year

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

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.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iceland () to Slovakia () (2023)

Exports from Slovakia () to Iceland () (2023)

Latest Data

Trade between Iceland () and Slovakia ()

Iceland Exports

Slovakia Exports

Market Competitiveness

Difference in imports from Slovakia () and Iceland () (2023)

Comparative Advantage Iceland - Slovakia

Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Iceland () and Slovakia () (2023)

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