Denmark / Iceland

Denmark-Iceland Trade: In 2023, Denmark exported $630M to Iceland. The main products that Denmark exported to Iceland were Packaged Medicaments ($96.9M), Refined Petroleum ($54.8M), and Wood Carpentry ($20.7M). Over the past 5 years the exports of Denmark to Iceland have increased at an annualized rate of 4.09%, from $516M in 2018 to $630M in 2023.

In 2020, Denmark exported services to Iceland worth $204M, with Computer and information services ($81.4M), Travel ($52.9M), and Other business services ($31.4M) being the largest in terms of value.

Iceland-Denmark Trade: In 2023, Iceland exported $228M to Denmark. The main products that Iceland exported to Denmark were Non-fillet Fresh Fish ($45.3M), Animal Meal and Pellets ($37.3M), and Fish Oil ($29.5M). Over the past 5 years the exports of Iceland to Denmark have increased at an annualized rate of 5.06%,  from $178M in 2018 to $228M in 2023.

In 2019, Iceland exported services to Denmark worth $174M, with Travel ($76.7M), Transportation ($55.2M), and Computer and information services ($20.5M) being the largest in terms of value.

Comparison In 2023,  Denmark ranked 22 in the Economic Complexity Index (ECI 1.13),  and 37 in total exports ($118B). That same year, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.