Hong Kong (HKG) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Hong Kong-Iceland Trade: In 2022, Hong Kong exported $25.6M to Iceland. The main products that Hong Kong exported to Iceland were Aluminium Oxide ($11.4M), Aluminium Foil ($5.71M), and Broadcasting Equipment ($872k). Over the past 5 years the exports of Hong Kong to Iceland have increased at an annualized rate of 0.3%, from $25.2M in 2017 to $25.6M in 2022.

In 2022, Hong Kong did not export any services to Iceland.

Iceland-Hong Kong Trade: In 2022, Iceland exported $2.5M to Hong Kong. The main products that Iceland exported to Hong Kong were Beauty Products ($696k), Non-fillet Frozen Fish ($421k), and Fishing Ships ($344k). Over the past 5 years the exports of Iceland to Hong Kong have decreased at an annualized rate of 29%, from $13.8M in 2017 to $2.5M in 2022.

In 2019, Iceland exported services to Hong Kong worth $38.8M, with Travel ($27.9M), Computer and information services ($8.51M), and Transportation ($2.02M) being the largest in terms of value.

Comparison In 2022, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Hong Kong exported $25.6M to Iceland. The main products exported from Hong Kong to Iceland were Aluminium Oxide ($11.4M), Aluminium Foil ($5.71M), and Broadcasting Equipment ($872k). During the last 5 years the exports of Hong Kong to Iceland have increased at an annualized rate of 0.3%, from $25.2M in 2017 to $25.6M in 2022.

In 2017, Iceland exported $2.5M to Hong Kong. The main products exported from Iceland to Hong Kong were Beauty Products ($696k), Non-fillet Frozen Fish ($421k), and Fishing Ships ($344k). During the last 5 years the exports of Iceland to Hong Kong have decreased at an annualized rate of 29%, from $13.8M in 2022 to $2.5M in 2017.

Exports from Hong Kong () to Iceland () (2022)

Exports from Iceland () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Iceland ()

Hong Kong Exports

Date

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$23.4B

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Hong Kong than Iceland included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

In 2022, countries that imported more from Iceland than Hong Kong included Norway ($459M), Poland ($367M), and Greenland ($28.2M).

Difference in imports from Iceland () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hong Kong had a large net trade with Iceland in the exports of Chemical Products ($11.8M), Metals ($6.46M), and Machines ($3.91M).

During 2017, Iceland had a large net trade with Hong Kong in the exports of Chemical Products ($738k), Animal Products ($663k), and Transportation ($348k).

Bilateral Service Trade

Isl Year

In 2019, Iceland exported services to Hong Kong worth $38.8M, with Travel ($27.9M), Computer and information services ($8.51M), and Transportation ($2.02M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland () to Hong Kong () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Iceland () (2022)

Exports from Iceland () to Hong Kong () (2022)

Latest Data

Trade between Hong Kong () and Iceland ()

Hong Kong Exports

Iceland Exports

Market Competitiveness

Difference in imports from Iceland () and Hong Kong () (2022)

Comparative Advantage Hong Kong - Iceland

Bilateral Service Trade

Services Exports from Iceland () to Hong Kong () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Iceland () (2022)

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