2023
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GDP
$551BCURRENT US$
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2013-2023
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GDP GROWTH
127%CURRENT US$
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2023
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 GDP
$31.3BCURRENT US$
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2013-2023
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GDP GROWTH
94.3%CURRENT US$
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2023
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GDP PC 
$103,888CURRENT US$
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2013-2023
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GDP PC GROWTH
97.4%CURRENT US$
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2023
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GDP PC
$79,637CURRENT US$
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2013-2023
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GDP PC GROWTH
59.9%CURRENT US$
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About

Ireland-Iceland Trade: In 2023, Ireland exported $69.1M to Iceland. The main products that Ireland exported to Iceland were Planes, Helicopters, and/or Spacecraft ($22.4M), Other Edible Preparations ($5.16M), and Scented Mixtures ($3.93M). Over the past 5 years the exports of Ireland to Iceland have decreased at an annualized rate of 0.85%, from $72.1M in 2018 to $69.1M in 2023.

In 2020, Ireland exported services to Iceland worth $42.3M, with Other business services ($21.7M), Financial services ($19.4M), and Insurance services ($1.14M) being the largest in terms of value.

Iceland-Ireland Trade: In 2023, Iceland exported $30.4M to Ireland. The main products that Iceland exported to Ireland were Gravel and Crushed Stone ($10.5M), Other Processed Fruits and Nuts ($6.07M), and Fish Fillets ($4.89M). Over the past 5 years the exports of Iceland to Ireland have increased at an annualized rate of 7.31%,  from $21.4M in 2018 to $30.4M in 2023.

In 2019, Iceland exported services to Ireland worth $34.5M, with Travel ($17.6M), Transportation ($6.83M), and Computer and information services ($6.27M) being the largest in terms of value.

Comparison In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31),  and 29 in total exports ($241B). That same year, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $69.1M to Iceland. The main products exported from Ireland to Iceland were Planes, Helicopters, and/or Spacecraft ($22.4M), Other Edible Preparations ($5.16M), and Scented Mixtures ($3.93M). During the last 5 years the exports of Ireland to Iceland have decreased at an annualized rate of 0.85%, from $72.1M in 2018 to $69.1M in 2023.

In 2018, Iceland exported $30.4M to Ireland. The main products exported from Iceland to Ireland were Gravel and Crushed Stone ($10.5M), Other Processed Fruits and Nuts ($6.07M), and Fish Fillets ($4.89M). During the last 5 years the exports of Iceland to Ireland have increased at an annualized rate of 7.31%, from $21.4M in 2023 to $30.4M in 2018.

Exports from Ireland (Flag) to Iceland (Flag) (2023)

Exports from Iceland (Flag) to Ireland (Flag) (2023)

Market Competitiveness

Color
Ireland
Top Destination
United States$67.4B
Iceland
Top Destination
Netherlands$1.97B

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

In 2023, countries that imported more from Ireland than Iceland included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Iceland than Ireland included Greenland ($72.3M), Belarus ($34.6M), and Antigua and Barbuda ($9.7M).

Difference in imports from Iceland (Flag) and Ireland (Flag) (2023)

Comparative Advantage Ireland - Iceland

Flow
Scale

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

During 2023, Ireland had a large net trade with Iceland in the exports of Transportation ($25.4M), Chemical Products ($11M), and Foodstuffs ($7.98M).

During 2018, Iceland had a large net trade with Ireland in the exports of Mineral Products ($10.6M), Foodstuffs ($6.52M), and Animal Products ($6.29M).

Bilateral Service Trade

In 2020, Ireland exported services to Iceland worth $42.3M, with Other business services ($21.7M), Financial services ($19.4M), and Insurance services ($1.14M) being the largest in terms of value.

In 2019, Iceland exported services to Ireland worth $34.5M, with Travel ($17.6M), Transportation ($6.83M), and Computer and information services ($6.27M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Ireland (Flag) and Iceland (Flag) (2023)

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