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2022
Flag → Flag
Exports $22.8MRnk 145 / 219
2022
Flag → Flag
Top Product $17.7MRefined Petroleum
2022
Flag → Flag
Exports $2.91MRnk 56 / 160
2022
Flag → Flag
Top Product $1.12MOther Sea Vessels
2022
Flag
Economic Complexity (ECI) ECI 0.24Rnk 53 / 133
2022
Flag  
GDP$508BCURRENT US$
Rnk 28 / 186
2012-2022
Flag
GDP GROWTH32%CURRENT US$
Rnk 93 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
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GDP PC $53,758CURRENT US$
Rnk 16 / 186
2012-2022
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GDP PC GROWTH21.1%CURRENT US$
Rnk 81 / 186
2022
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GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

United Arab Emirates-Iceland Trade: In 2022, United Arab Emirates exported $22.8M to Iceland. The main products that United Arab Emirates exported to Iceland were Refined Petroleum ($17.7M), Aluminium Bars ($2.36M), and Large Construction Vehicles ($684k). Over the past 5 years the exports of United Arab Emirates to Iceland have increased at an annualized rate of 70.3%, from $1.59M in 2017 to $22.8M in 2022.

In 2022, United Arab Emirates did not export any services to Iceland.

Iceland-United Arab Emirates Trade: In 2022, Iceland exported $2.91M to United Arab Emirates. The main products that Iceland exported to United Arab Emirates were Other Sea Vessels ($1.12M), Packaged Medicaments ($632k), and Water ($178k). Over the past 5 years the exports of Iceland to United Arab Emirates have decreased at an annualized rate of 5.59%,  from $3.88M in 2017 to $2.91M in 2022.

In 2022, Iceland did not export any services to United Arab Emirates.

Comparison In 2022,  United Arab Emirates ranked 53 in the Economic Complexity Index (ECI 0.24),  and 18 in total exports ($402B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Arab Emirates exported $22.8M to Iceland. The main products exported from United Arab Emirates to Iceland were Refined Petroleum ($17.7M), Aluminium Bars ($2.36M), and Large Construction Vehicles ($684k). During the last 5 years the exports of United Arab Emirates to Iceland have increased at an annualized rate of 70.3%, from $1.59M in 2017 to $22.8M in 2022.

In 2017, Iceland exported $2.91M to United Arab Emirates. The main products exported from Iceland to United Arab Emirates were Other Sea Vessels ($1.12M), Packaged Medicaments ($632k), and Water ($178k). During the last 5 years the exports of Iceland to United Arab Emirates have decreased at an annualized rate of 5.59%, from $3.88M in 2022 to $2.91M in 2017.

Exports from United Arab Emirates (Flag) to Iceland (Flag) (2022)

Exports from Iceland (Flag) to United Arab Emirates (Flag) (2022)

Latest Data

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

United Arab Emirates Exports

Iceland Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationIndia$51B
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 2022, countries that imported more from United Arab Emirates than Iceland included India ($51B), Japan ($40.9B), and China ($32.5B).

In 2022, countries that imported more from Iceland than United Arab Emirates included Denmark ($257M), Norway ($459M), and Portugal ($95M).

Difference in imports from Iceland (Flag) and United Arab Emirates (Flag) (2022)

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 2022, United Arab Emirates had a large net trade with Iceland in the exports of Mineral Products ($17.7M), Metals ($3M), and Machines ($885k).

During 2017, Iceland had a large net trade with United Arab Emirates in the exports of Transportation ($1.12M), Chemical Products ($801k), and Foodstuffs ($210k).

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) (2022)

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