2022
Flag  
GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH
88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP
$808BCURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 128 / 186
2022
Flag
GDP PC 
$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH
58.5%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC
$92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH
7.3%CURRENT US$
Rnk 125 / 186

About

Iceland-Switzerland In 2022, Iceland exported $56.7M to Switzerland. The main products that Iceland exported to Switzerland are Fish Fillets ($10.2M), Raw Aluminium ($9.47M), and Vaccines, blood, antisera, toxins and cultures ($9.12M). During the last 27 years the exports of Iceland to Switzerland have increased at an annualized rate of 0.4%, from $51M in 1995 to $56.7M in 2022.

In 2019, Iceland exported services to Switzerland worth $98.2M, with Travel ($71.6M), Transportation ($10.2M), and Computer and information services ($7.72M) being the largest in terms of value.

Switzerland-Iceland In 2022, Switzerland exported $68.5M to Iceland. The main products that Switzerland exported to Iceland were Packaged Medicaments ($7.39M), Raw Aluminium ($6.11M), and Flavored Water ($5.68M). During the last 27 years the exports of Switzerland to Iceland have increased at an annualized rate of 4.44%, from $21.2M in 1995 to $68.5M in 2022.

In 2022, Switzerland did not export any services to Iceland.

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $56.7M to Switzerland. The main products exported from Iceland to Switzerland were Fish Fillets ($10.2M), Raw Aluminium ($9.47M), and Vaccines, blood, antisera, toxins and cultures ($9.12M). During the last 27 years the exports of Iceland to Switzerland have increased at an annualized rate of 0.4%, from $51M in 1995 to $56.7M in 2022.

In 2022, Switzerland exported $68.5M to Iceland. The main products exported from Switzerland to Iceland were Packaged Medicaments ($7.39M), Raw Aluminium ($6.11M), and Flavored Water ($5.68M). During the last 27 years the exports of Switzerland to Iceland have increased at an annualized rate of 4.44%, from $21.2M in 1995 to $68.5M in 2022.

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

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

Latest Data

Trade between Iceland (Flag) and Switzerland (Flag)

Iceland Exports

Switzerland Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Switzerland
Top Destination
United States$61.7B

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

In 2021, countries that imported more from Iceland than Switzerland were Greenland ($28.2M), Wallis and Futuna ($3.54M), and Antigua and Barbuda ($8.12M).

In 2021, countries that imported more from Switzerland than Iceland were United States ($61.7B), Germany ($53.5B), and China ($44.1B).

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

Comparative Advantage Iceland - Switzerland

Flow
Scale

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

During 2022, Iceland had a large net trade with Switzerland in the exports of Chemical Products ($16.2M), Animal Products ($15.9M), and Metals ($14.7M).

During 2022, Switzerland had a large net trade with Iceland in the exports of Foodstuffs ($15.1M), Machines ($11M), and Chemical Products ($9.93M).

Service Trade

Bilateral Service Trade

In 2019, Iceland exported services to Switzerland worth $98.2M, with Travel ($71.6M), Transportation ($10.2M), and Computer and information services ($7.72M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Iceland has comparative advantage over Switzerland. Similarly, the more yellow a dot/product is, the more Switzerland has comparative advantage over Iceland.

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with