Iceland (ISL) and China (CHN) Trade | The Observatory of Economic Complexity

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Iceland-China In 2022, Iceland exported $160M to China. The main products that Iceland exported to China are Non-fillet Frozen Fish ($114M), Aluminium Foil ($15M), and Processed Crustaceans ($7.11M). During the last 27 years the exports of Iceland to China have increased at an annualized rate of 16.3%, from $2.69M in 1995 to $160M 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.

China-Iceland In 2022, China exported $644M to Iceland. The main products that China exported to Iceland were Carbon-based Electronics ($136M), Broadcasting Equipment ($33.3M), and Computers ($31.7M). During the last 27 years the exports of China to Iceland have increased at an annualized rate of 13.4%, from $21.8M in 1995 to $644M in 2022.

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

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, China ranked 24 in the Economic Complexity Index (ECI 1.01), and 1 in total exports ($3.73T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $160M 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 27 years the exports of Iceland to China have increased at an annualized rate of 16.3%, from $2.69M in 1995 to $160M in 2022.

In 2022, China exported $644M 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 27 years the exports of China to Iceland have increased at an annualized rate of 13.4%, from $21.8M in 1995 to $644M in 2022.

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

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

Latest Data

Trade between Iceland () and China ()

Iceland Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

China
Top DestinationUnited States$551B

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

In 2021, countries that imported more from Iceland than China were Greenland ($28.2M) and Wallis and Futuna ($3.54M).

In 2021, countries that imported more from China than Iceland were United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

Comparative Advantage Iceland - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with China in the exports of Animal Products ($125M), Metals ($15.1M), and Foodstuffs ($7.75M).

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

Service Trade

Bilateral Service Trade

Isl Year

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 () to China () (2019)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Iceland has comparative advantage over China. Similarly, the more yellow a dot/product is, the more China has comparative advantage over Iceland.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Iceland () and China ()

Iceland Exports

China Exports

Market Competitiveness

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

Comparative Advantage Iceland - China

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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