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2023
Flag → Flag
Exports $3.42kRnk 148 / 157
2023
Flag → Flag
Top Product $1.98kOrthopedic Appliances
2023
Flag → Flag
Exports $1.22MRnk 18 / 144
2023
Flag → Flag
Top Product $857kMicro-Organism Culture Preparations
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$3.79BCURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP GROWTH18.5%CURRENT US$
Rnk 145 / 195
2023
Flag
GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC$46,812CURRENT US$
Rnk 29 / 196
2013-2023
Flag
GDP PC GROWTH10.2%CURRENT US$
Rnk 132 / 195

About

Iceland-Andorra Trade: In 2023, Iceland exported $3.42k to Andorra. The main products that Iceland exported to Andorra were Orthopedic Appliances ($1.98k), Other Plastic Products ($993), and Hard Liquor ($383). Over the past 5 years the exports of Iceland to Andorra have decreased at an annualized rate of 26.7%, from $16.2k in 2018 to $3.42k in 2023.

In 2023, Iceland did not export any services to Andorra.

Andorra-Iceland Trade: In 2023, Andorra exported $1.22M to Iceland. The main products that Andorra exported to Iceland were Micro-Organism Culture Preparations ($857k), Fork-Lifts ($96.7k), and Beauty Products ($51.8k). Over the past 5 years the exports of Andorra to Iceland have increased at an annualized rate of 224%,  from $3.4k in 2018 to $1.22M in 2023.

In 2023, Andorra did not export any services to Iceland.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B). That same year, Andorra ranked 180 in total exports ($253M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $3.42k to Andorra. The main products exported from Iceland to Andorra were Orthopedic Appliances ($1.98k), Other Plastic Products ($993), and Hard Liquor ($383). During the last 5 years the exports of Iceland to Andorra have decreased at an annualized rate of 26.7%, from $16.2k in 2018 to $3.42k in 2023.

In 2018, Andorra exported $1.22M to Iceland. The main products exported from Andorra to Iceland were Micro-Organism Culture Preparations ($857k), Fork-Lifts ($96.7k), and Beauty Products ($51.8k). During the last 5 years the exports of Andorra to Iceland have increased at an annualized rate of 224%, from $3.4k in 2023 to $1.22M in 2018.

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

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

Latest Data

Trade between Iceland (Flag) and Andorra (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Andorra
Top DestinationSpain$99.1M

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

In 2023, countries that imported more from Iceland than Andorra included Netherlands ($1.97B), Germany ($771M), and United States ($735M).

In 2023, countries that imported more from Andorra than Iceland included United Arab Emirates ($6.85M), El Salvador ($2.76M), and Algeria ($2.03M).

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

Comparative Advantage Iceland - Andorra

Flow
Scale

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

During 2023, Iceland had a large net trade with Andorra in the exports of Instruments ($1.98k), Plastics and Rubbers ($993), and Foodstuffs ($383).

During 2018, Andorra had a large net trade with Iceland in the exports of Chemical Products ($909k), Machines ($135k), and Textiles ($37.2k).

Economic Complexity

Competitive Landscape

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

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

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