2022
Flag  
GDP
$2.78TCURRENT US$
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2012-2022
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GDP GROWTH
3.7%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 
$40,964CURRENT US$
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2012-2022
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GDP PC GROWTH
0.23%CURRENT US$
Rnk 137 / 186
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

France-Iceland Trade: In 2022, France exported $494M to Iceland. The main products that France exported to Iceland were Planes, Helicopters, and/or Spacecraft ($124M), Refined Petroleum ($19.4M), and Delivery Trucks ($13.7M). Over the past 5 years the exports of France to Iceland have increased at an annualized rate of 46.2%, from $73.8M in 2017 to $494M in 2022.

In 2020, France exported services to Iceland worth $25.1M, with Personal, cultural, and recreational services ($10.3M), Other business services ($5.71M), and Transportation ($4.57M) being the largest in terms of value.

Iceland-France Trade: In 2022, Iceland exported $414M to France. The main products that Iceland exported to France were Fish Fillets ($252M), Raw Aluminium ($126M), and Non-fillet Fresh Fish ($48M). Over the past 5 years the exports of Iceland to France have increased at an annualized rate of 24.5%,  from $138M in 2017 to $414M in 2022.

In 2019, Iceland exported services to France worth $188M, with Travel ($138M), Transportation ($43.7M), and Computer and information services ($2.46M) being the largest in terms of value.

Comparison In 2022,  France ranked 16 in the Economic Complexity Index (ECI 1.3),  and 8 in total exports ($608B). 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, France exported $494M to Iceland. The main products exported from France to Iceland were Planes, Helicopters, and/or Spacecraft ($124M), Refined Petroleum ($19.4M), and Delivery Trucks ($13.7M). During the last 5 years the exports of France to Iceland have increased at an annualized rate of 46.2%, from $73.8M in 2017 to $494M in 2022.

In 2017, Iceland exported $414M to France. The main products exported from Iceland to France were Fish Fillets ($252M), Raw Aluminium ($126M), and Non-fillet Fresh Fish ($48M). During the last 22 years the exports of Iceland to France have increased at an annualized rate of 24.5%, from $138M in 1995 to $414M in 2017.

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

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

Market Competitiveness

Color
France
Top Destination
Germany$78.3B
Iceland
Top Destination
Netherlands$1.97B

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

In 2022, countries that imported more from France than Iceland included Germany ($78.3B), Italy ($56.4B), and United States ($50B).

In 2022, no countries were registered that imported more from Iceland than from France.

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

Comparative Advantage France - Iceland

Flow
Scale

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

During 2022, France had a large net trade with Iceland in the exports of Transportation ($160M), Machines ($46.1M), and Mineral Products ($36.6M).

During 2017, Iceland had a large net trade with France in the exports of Animal Products ($308M), Metals ($126M), and Foodstuffs ($8.99M).

Service Trade

Bilateral Service Trade

In 2020, France exported services to Iceland worth $25.1M, with Personal, cultural, and recreational services ($10.3M), Other business services ($5.71M), and Transportation ($4.57M) being the largest in terms of value.

In 2019, Iceland exported services to France worth $188M, with Travel ($138M), Transportation ($43.7M), and Computer and information services ($2.46M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from France (Flag) to Iceland (Flag) (2020)

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

Economic Complexity

Competitive Landscape

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

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

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