{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:15.830Z",
  "seo": {
    "title": "Croatia exports to Iceland: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Croatia to Iceland, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "HRV",
    "country_name": "Croatia"
  },
  "importer": {
    "iso3": "ISL",
    "country_name": "Iceland"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "HRV",
    "importer_iso3": "ISL",
    "all_history_lane_count": 18,
    "current_lane_count": 12,
    "current_product_count": 12,
    "first_observed_last_year": 2008,
    "latest_data_year": 2024,
    "current_trade_usd": 1775473.8007259744,
    "attention_trade_usd": 0,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 1034740.2968893739,
    "unrecovered_drawdown_trade_usd": 562162.1031061994,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 464170.5243949569,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 0,
    "high_volatility_lane_count": 6,
    "unrecovered_drawdown_lane_count": 4,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 2,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 0.9377634649193742,
    "trade_weighted_below_peak_pct": 28.693529373913368,
    "product_concentration_hhi": 1380.182440810563,
    "top1_product_share_pct": 24.931086306016073,
    "top3_product_share_pct": 53.38373233230169,
    "top_product_hs6": "732690",
    "top_product_trade_usd": 442644.9055996965,
    "top_product_description": "Iron or steel: articles n.e.s. in heading no. 7326",
    "top_attention_product_hs6": "",
    "top_attention_product_reason": "",
    "distance_km": 3089.353515625,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.4361000061035156,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 2.561721837716475,
    "avg_mfn_tariff_pct": 3.662871201992336,
    "avg_preferential_tariff_pct": 0.8379256497318008,
    "tariff_advantage_pp": 2.8249455522605356,
    "buyer_biz_entry_days": 11.5,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 25458.933916,
    "buyer_gdp_pc_latest": 68384,
    "buyer_population_latest": 372.295,
    "buyer_gdp_5y_cagr_pct": 5.884796260042391,
    "buyer_gdp_pc_5y_cagr_pct": 4.423582580964003,
    "buyer_population_5y_cagr_pct": 1.399313874282604,
    "buyer_investment_5y_avg_pct": 23.401999999999997,
    "buyer_savings_5y_avg_pct": 24.644,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 0,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Stable",
    "primary_risk_reason": "Volatile products account for the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 25458.933916,
    "buyer_gdp_pc_2024": 68384,
    "buyer_population_2024": 372.295
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 77340.29347853747,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 89633.22914744497,
      "yoy_growth_pct": 15.894606958427037,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 177533.15909893677,
      "yoy_growth_pct": 98.06623144960902,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 397468.8108018588,
      "yoy_growth_pct": 123.88426636420915,
      "cagr_3y_pct": 72.57017780381301
    },
    {
      "year": 1999,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 501742.40548272606,
      "yoy_growth_pct": 26.234409303840557,
      "cagr_3y_pct": 77.55677774853169
    },
    {
      "year": 2000,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 348832.3189644321,
      "yoy_growth_pct": -30.475814849888806,
      "cagr_3y_pct": 25.250387444771395
    },
    {
      "year": 2001,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 190116.03289705707,
      "yoy_growth_pct": -45.49930652599829,
      "cagr_3y_pct": -21.794272085877374
    },
    {
      "year": 2002,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 336637.0585117552,
      "yoy_growth_pct": 77.06926311366674,
      "cagr_3y_pct": -12.455868497213263
    },
    {
      "year": 2003,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 1519520.284605312,
      "yoy_growth_pct": 351.38235562150714,
      "cagr_3y_pct": 63.316449193975544
    },
    {
      "year": 2004,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 549829.4502697235,
      "yoy_growth_pct": -63.81558997005827,
      "cagr_3y_pct": 42.47426270818635
    },
    {
      "year": 2005,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 3106249.8285904163,
      "yoy_growth_pct": 464.94788103231264,
      "cagr_3y_pct": 109.74493699674088
    },
    {
      "year": 2006,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 6963270.828967395,
      "yoy_growth_pct": 124.16969700493325,
      "cagr_3y_pct": 66.09973069349822
    },
    {
      "year": 2007,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 1277466.7673907392,
      "yoy_growth_pct": -81.6542139639831,
      "cagr_3y_pct": 32.44651568569077
    },
    {
      "year": 2008,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 1735211.1984255116,
      "yoy_growth_pct": 35.832198748287446,
      "cagr_3y_pct": -17.6420894468447
    },
    {
      "year": 2009,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 203460.80256268868,
      "yoy_growth_pct": -88.2745799043192,
      "cagr_3y_pct": -69.1996379097141
    },
    {
      "year": 2010,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 192300.85762984562,
      "yoy_growth_pct": -5.48505893630521,
      "cagr_3y_pct": -46.80421729112697
    },
    {
      "year": 2011,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 1426032.6347179608,
      "yoy_growth_pct": 641.5633254547881,
      "cagr_3y_pct": -6.331756941153799
    },
    {
      "year": 2012,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 3246791.990058535,
      "yoy_growth_pct": 127.68006222386923,
      "cagr_3y_pct": 151.76261308289867
    },
    {
      "year": 2013,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 1305774.0076070945,
      "yoy_growth_pct": -59.78264047696036,
      "cagr_3y_pct": 89.36320672028684
    },
    {
      "year": 2014,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 999981.5238887991,
      "yoy_growth_pct": -23.418484510859393,
      "cagr_3y_pct": -11.157486462385346
    },
    {
      "year": 2015,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 1749197.553172309,
      "yoy_growth_pct": 74.92298721379424,
      "cagr_3y_pct": -18.63053414640097
    },
    {
      "year": 2016,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 3812343.488488242,
      "yoy_growth_pct": 117.94813750878244,
      "cagr_3y_pct": 42.924934310393816
    },
    {
      "year": 2017,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 2951266.48855129,
      "yoy_growth_pct": -22.586553455559855,
      "cagr_3y_pct": 43.44061883637789
    },
    {
      "year": 2018,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 5043806.426820387,
      "yoy_growth_pct": 70.90311723412948,
      "cagr_3y_pct": 42.333299315719145
    },
    {
      "year": 2019,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 4001113.9579373794,
      "yoy_growth_pct": -20.67272969356043,
      "cagr_3y_pct": 1.6240033110106689
    },
    {
      "year": 2020,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 2427970.9318925487,
      "yoy_growth_pct": -39.31762610570093,
      "cagr_3y_pct": -6.2988289005652565
    },
    {
      "year": 2021,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 3136978.461456545,
      "yoy_growth_pct": 29.20164818494515,
      "cagr_3y_pct": -14.640661259935062
    },
    {
      "year": 2022,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 4790174.830568685,
      "yoy_growth_pct": 52.70027797208836,
      "cagr_3y_pct": 6.18344575604135
    },
    {
      "year": 2023,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 5940470.700390876,
      "yoy_growth_pct": 24.013651077650323,
      "cagr_3y_pct": 34.74907473035898
    },
    {
      "year": 2024,
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "export_value_usd": 10527744.728278691,
      "yoy_growth_pct": 77.22071632448211,
      "cagr_3y_pct": 49.718202023026016
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "hs_code": "732690",
      "hs_description": "Iron or steel: articles n.e.s. in heading no. 7326",
      "buyer_imports_latest_usd": 24752594.836214866,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.5383328241226153,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "hs_code": "730890",
      "hs_description": "Iron or steel: structures and parts thereof, n.e.s. in heading no. 7308",
      "buyer_imports_latest_usd": 63479174.26540208,
      "current_below_peak_pct": 81.36121992463427,
      "lane_volatility_cv": 1.3949302516198763,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "hs_code": "870120",
      "hs_description": "Tractors: road, for semi-trailers",
      "buyer_imports_latest_usd": 19417489.445122663,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "hs_code": "300490",
      "hs_description": "Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale",
      "buyer_imports_latest_usd": 188316063.76616427,
      "current_below_peak_pct": 68.14462275520731,
      "lane_volatility_cv": 1.0296257222188507,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "hs_code": "392010",
      "hs_description": "Plastics: plates, sheets, film, foil and strip, of polymers of ethylene, non-cellular and not reinforced, laminated, supported or similarly combined with other materials",
      "buyer_imports_latest_usd": 18522822.32351308,
      "current_below_peak_pct": 41.265570832387624,
      "lane_volatility_cv": 0.6055721689783973,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "hs_code": "870423",
      "hs_description": "Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a g.v.w. exceeding 20 tonnes), nes in item no 8704.1",
      "buyer_imports_latest_usd": 26042774.242212847,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.6182354975166209,
      "attention_level": "Watch",
      "primary_risk_reason": "The lane has limited historical coverage",
      "risk_driver_labels": [
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "hs_code": "870422",
      "hs_description": "Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a g.v.w. exceeding 5 tonnes but not exceeding 20 tonnes), nes in item no 8704.1",
      "buyer_imports_latest_usd": 20251468.201978713,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0,
      "attention_level": "Watch",
      "primary_risk_reason": "The lane has limited historical coverage",
      "risk_driver_labels": [
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "hs_code": "870210",
      "hs_description": "Vehicles: public transport type (carries 10 or more passengers), compression-ignition internal combustion piston engine (diesel or semi-diesel)",
      "buyer_imports_latest_usd": 37368684.95757719,
      "current_below_peak_pct": 23.001917999488867,
      "lane_volatility_cv": 0.6300341510473835,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "hs_code": "940690",
      "hs_description": "Buildings: prefabricated, not of wood",
      "buyer_imports_latest_usd": 29065591.772350587,
      "current_below_peak_pct": 92.34516417753346,
      "lane_volatility_cv": 1.4638267271986252,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "HRV",
      "importer_iso3": "ISL",
      "hs_code": "854442",
      "hs_description": "Insulated electric conductors: for a voltage not exceeding 1000 volts, fitted with connectors",
      "buyer_imports_latest_usd": 10121099.404382262,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.1342733598403785,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "HRV",
    "importer_iso3": "ISL",
    "distance_km": 3089,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 0,
    "shared_colonial_history": 0,
    "has_fta": 1,
    "rta_coverage_ratio": 1,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 1,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 25458.933915999998,
    "importer_gdp_per_capita_usd": 68383.7653366282,
    "importer_population": 372.295,
    "importer_biz_entry_days": 11.5,
    "importer_biz_entry_cost_pct": 1.9,
    "exporter_gdp_million_usd": 67837.78854400001,
    "exporter_gdp_per_capita_usd": 17398.76597691716,
    "avg_applied_tariff_pct": 2.561721837716475,
    "avg_mfn_tariff_pct": 3.662871201992336,
    "avg_preferential_tariff_pct": 0.8379256497318008,
    "tariff_advantage_pp": 2.8249455522605356
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/HRV-ISL/risk",
    "html": "https://www.yugalinks.com/trade/corridor/HRV-ISL/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/HRV-ISL/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/HRV-ISL/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/HRV-ISL/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}