Iceland / Germany

Iceland-Germany Trade: In 2023, Iceland exported $771M to Germany. The main products that Iceland exported to Germany were Raw Aluminium ($439M), Fish Fillets ($59.9M), and Ferroalloys ($56.6M). Over the past 5 years the exports of Iceland to Germany have increased at an annualized rate of 6%, from $576M in 2018 to $771M in 2023.

In 2019, Iceland exported services to Germany worth $352M, with Travel ($205M), Transportation ($111M), and Computer and information services ($17.7M) being the largest in terms of value.

Germany-Iceland Trade: In 2023, Germany exported $903M to Iceland. The main products that Germany exported to Iceland were Cars ($124M), Planes, Helicopters, and/or Spacecraft ($85.5M), and Delivery Trucks ($31.2M). Over the past 5 years the exports of Germany to Iceland have increased at an annualized rate of 1.15%,  from $853M in 2018 to $903M in 2023.

In 2020, Germany exported services to Iceland worth $46.8M, with Transportation ($29.7M), Other business services ($10.3M), and Computer and information services ($5.71M) being the largest in terms of value.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).