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2023
Flag → Flag
Exports $2.13MRnk 179 / 216
2023
Flag → Flag
Top Product $338kMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $3.49MRnk 60 / 157
2023
Flag → Flag
Top Product $1.36MNon-fillet Frozen Fish
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag  
GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC $49,041CURRENT US$
Rnk 27 / 195
2013-2023
Flag
GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

United Arab Emirates-Iceland Trade: In 2023, United Arab Emirates exported $2.13M to Iceland. The main products that United Arab Emirates exported to Iceland were Motor vehicles; parts and accessories (8701 to 8705) ($338k), Cars ($281k), and Gold ($210k). Over the past 5 years the exports of United Arab Emirates to Iceland have decreased at an annualized rate of 31.8%, from $14.4M in 2018 to $2.13M in 2023.

In 2023, United Arab Emirates did not export any services to Iceland.

Iceland-United Arab Emirates Trade: In 2023, Iceland exported $3.49M to United Arab Emirates. The main products that Iceland exported to United Arab Emirates were Non-fillet Frozen Fish ($1.36M), Orthopedic Appliances ($595k), and Water ($574k). Over the past 5 years the exports of Iceland to United Arab Emirates have increased at an annualized rate of 1.66%,  from $3.21M in 2018 to $3.49M in 2023.

In 2023, Iceland did not export any services to United Arab Emirates.

Comparison In 2023,  United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15),  and 21 in total exports ($357B). That same year, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Arab Emirates exported $2.13M to Iceland. The main products exported from United Arab Emirates to Iceland were Motor vehicles; parts and accessories (8701 to 8705) ($338k), Cars ($281k), and Gold ($210k). During the last 5 years the exports of United Arab Emirates to Iceland have decreased at an annualized rate of 31.8%, from $14.4M in 2018 to $2.13M in 2023.

In 2018, Iceland exported $3.49M to United Arab Emirates. The main products exported from Iceland to United Arab Emirates were Non-fillet Frozen Fish ($1.36M), Orthopedic Appliances ($595k), and Water ($574k). During the last 5 years the exports of Iceland to United Arab Emirates have increased at an annualized rate of 1.66%, from $3.21M in 2023 to $3.49M in 2018.

Exports from United Arab Emirates (Flag) to Iceland (Flag) (2023)

Exports from Iceland (Flag) to United Arab Emirates (Flag) (2023)

Latest Data

Trade between United Arab Emirates (Flag) and Iceland (Flag)

United Arab Emirates Exports

Iceland Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationChina$40.2B
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from United Arab Emirates than Iceland included China ($40.2B), India ($38.2B), and Japan ($37.4B).

In 2023, countries that imported more from Iceland than United Arab Emirates included Denmark ($228M), Norway ($444M), and Greenland ($72.3M).

Difference in imports from Iceland (Flag) and United Arab Emirates (Flag) (2023)

Comparative Advantage United Arab Emirates - Iceland

Flow
Scale

This chart compares trade between United Arab Emirates and Iceland by product, considering products traded by both, United Arab Emirates and Iceland.

During 2023, United Arab Emirates had a large net trade with Iceland in the exports of Transportation ($623k), Machines ($408k), and Precious Metals ($333k).

During 2018, Iceland had a large net trade with United Arab Emirates in the exports of Animal Products ($1.43M), Foodstuffs ($700k), and Instruments ($643k).

Economic Complexity

Competitive Landscape

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

Product Space of United Arab Emirates (Flag) and Iceland (Flag) (2023)

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