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2022
Flag → Flag
Exports $222kRnk 50 / 144
2022
Flag → Flag
Top Product $105kKnitted Hats
2022
Flag → Flag
Exports $6.68kRnk 145 / 160
2022
Flag → Flag
Top Product $5.64kOther Plastic Products
2022
Flag  
GDP$3.35BCURRENT US$
Rnk 159 / 186
2012-2022
Flag
GDP GROWTH5.12%CURRENT US$
Rnk 155 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC $41,993CURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP PC GROWTH-6.48%CURRENT US$
Rnk 157 / 186
2022
Flag
GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Andorra-Iceland Trade: In 2022, Andorra exported $222k to Iceland. The main products that Andorra exported to Iceland were Knitted Hats ($105k), Shaped Wood ($38.6k), and Video Displays ($22.5k). Over the past 5 years the exports of Andorra to Iceland have increased at an annualized rate of 78.5%, from $12.2k in 2017 to $222k in 2022.

In 2022, Andorra did not export any services to Iceland.

Iceland-Andorra Trade: In 2022, Iceland exported $6.68k to Andorra. The main products that Iceland exported to Andorra were Other Plastic Products ($5.64k), Bi-Wheel Vehicle Parts ($572), and Tanned Furskins ($468). Over the past 5 years the exports of Iceland to Andorra have decreased at an annualized rate of 34.5%,  from $55.6k in 2017 to $6.68k in 2022.

In 2022, Iceland did not export any services to Andorra.

Comparison In 2022,  Andorra ranked 174 in total exports ($407M). That same year, Iceland ranked 116 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Andorra exported $222k to Iceland. The main products exported from Andorra to Iceland were Knitted Hats ($105k), Shaped Wood ($38.6k), and Video Displays ($22.5k). During the last 5 years the exports of Andorra to Iceland have increased at an annualized rate of 78.5%, from $12.2k in 2017 to $222k in 2022.

In 2017, Iceland exported $6.68k to Andorra. The main products exported from Iceland to Andorra were Other Plastic Products ($5.64k), Bi-Wheel Vehicle Parts ($572), and Tanned Furskins ($468). During the last 5 years the exports of Iceland to Andorra have decreased at an annualized rate of 34.5%, from $55.6k in 2022 to $6.68k in 2017.

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

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

Latest Data

Trade between Andorra (Flag) and Iceland (Flag)

Iceland Exports

Market Competitiveness

Color
Andorra
Top DestinationSpain$297M
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Andorra than Iceland included El Salvador ($3.4M), United Arab Emirates ($5.01M), and Lebanon ($1.34M).

In 2022, countries that imported more from Iceland than Andorra included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

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

Comparative Advantage Andorra - Iceland

Flow
Scale

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

During 2022, Andorra had a large net trade with Iceland in the exports of Footwear and Headwear ($110k), Wood Products ($43.6k), and Machines ($31.6k).

During 2017, Iceland had a large net trade with Andorra in the exports of Plastics and Rubbers ($5.64k), Transportation ($572), and Animal Hides ($468).

Economic Complexity

Competitive Landscape

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

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

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