Iceland / Canada

Iceland-Canada Trade: In 2022, Iceland exported $77.7M to Canada. The main products that Iceland exported to Canada were Fish Fillets ($52.8M), Raw Aluminium ($22M), and Non-fillet Frozen Fish ($13.8M). Over the past 5 years the exports of Iceland to Canada have increased at an annualized rate of 12.5%, from $43.1M in 2017 to $77.7M in 2022.

In 2019, Iceland exported services to Canada worth $236M, with Transportation ($126M), Travel ($81M), and Other business services ($17.7M) being the largest in terms of value.

Canada-Iceland Trade: In 2022, Canada exported $75.9M to Iceland. The main products that Canada exported to Iceland were Crustaceans ($13.5M), Raw Aluminium ($7.78M), and Fuel Wood ($7.75M). Over the past 5 years the exports of Canada to Iceland have increased at an annualized rate of 33.5%,  from $17.9M in 2017 to $75.9M in 2022.

In 2020, Canada exported services to Iceland worth $1.49M, with Royalties and license fees ($1.49M) being the largest in terms of value.

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).