Belarus / Iceland

Belarus-Iceland Trade: In 2022, Belarus exported $5.02M to Iceland. The main products that Belarus exported to Iceland were Hot-Rolled Iron Bars ($1.86M), Raw Iron Bars ($1.3M), and Wood Carpentry ($872k). Over the past 5 years the exports of Belarus to Iceland have decreased at an annualized rate of 2.55%, from $5.72M in 2017 to $5.02M in 2022.

In 2014, Belarus exported services to Iceland worth $9, with Insurance services ($9) being the largest in terms of value.

Iceland-Belarus Trade: In 2022, Iceland exported $14.9M to Belarus. The main products that Iceland exported to Belarus were Fish Fillets ($9.46M), Non-fillet Frozen Fish ($4.62M), and Processed Fish ($487k). Over the past 5 years the exports of Iceland to Belarus have decreased at an annualized rate of 14%,  from $31.7M in 2017 to $14.9M in 2022.

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

Comparison In 2022,  Belarus ranked 32 in the Economic Complexity Index (ECI 0.82),  and 100 in total exports ($10.4B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.