2022
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GDP
$18TCURRENT US$
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2012-2022
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GDP GROWTH
111%CURRENT US$
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2022
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 GDP
$27.8BCURRENT US$
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2012-2022
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GDP GROWTH
88.7%CURRENT US$
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2022
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GDP PC 
$12,720CURRENT US$
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2012-2022
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GDP PC GROWTH
102%CURRENT US$
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2022
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GDP PC
$72,903CURRENT US$
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2012-2022
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GDP PC GROWTH
58.5%CURRENT US$
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About

China-Iceland Trade: In 2022, China exported $368M to Iceland. The main products that China exported to Iceland were Carbon-based Electronics ($136M), Broadcasting Equipment ($33.3M), and Computers ($31.7M). Over the past 5 years the exports of China to Iceland have increased at an annualized rate of 76.1%, from $21.8M in 2017 to $368M in 2022.

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

Iceland-China Trade: In 2022, Iceland exported $99.9M to China. The main products that Iceland exported to China were Non-fillet Frozen Fish ($114M), Aluminium Foil ($15M), and Processed Crustaceans ($7.11M). Over the past 5 years the exports of Iceland to China have increased at an annualized rate of 106%,  from $2.69M in 2017 to $99.9M in 2022.

In 2019, Iceland exported services to China worth $95.8M, with Travel ($80M), Transportation ($7.39M), and Computer and information services ($3.02M) being the largest in terms of value.

Comparison In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12),  and 1 in total exports ($3.73T). 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, China exported $368M to Iceland. The main products exported from China to Iceland were Carbon-based Electronics ($136M), Broadcasting Equipment ($33.3M), and Computers ($31.7M). During the last 5 years the exports of China to Iceland have increased at an annualized rate of 76.1%, from $21.8M in 2017 to $368M in 2022.

In 2017, Iceland exported $99.9M to China. The main products exported from Iceland to China were Non-fillet Frozen Fish ($114M), Aluminium Foil ($15M), and Processed Crustaceans ($7.11M). During the last 22 years the exports of Iceland to China have increased at an annualized rate of 106%, from $2.69M in 1995 to $99.9M in 2017.

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

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

Market Competitiveness

Color
China
Top Destination
United States$551B
Iceland
Top Destination
Netherlands$1.97B

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

In 2022, countries that imported more from China than Iceland included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Iceland than China included Greenland ($28.2M) and Wallis and Futuna ($3.54M).

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

Comparative Advantage China - Iceland

Flow
Scale

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

During 2022, China had a large net trade with Iceland in the exports of Machines ($306M), Textiles ($68.5M), and Metals ($58.3M).

During 2017, Iceland had a large net trade with China in the exports of Animal Products ($125M), Metals ($15.1M), and Foodstuffs ($7.75M).

Service Trade

Bilateral Service Trade

In 2019, Iceland exported services to China worth $95.8M, with Travel ($80M), Transportation ($7.39M), and Computer and information services ($3.02M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland (Flag) to China (Flag) (2019)

Economic Complexity

Competitive Landscape

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

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

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