2022
Flag  
GDP
$27.8BCURRENT US$
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2012-2022
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GDP GROWTH
88.7%CURRENT US$
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2022
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 GDP
$477BCURRENT US$
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2012-2022
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GDP GROWTH
70.8%CURRENT US$
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2022
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GDP PC 
$72,903CURRENT US$
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2012-2022
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GDP PC GROWTH
58.5%CURRENT US$
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2022
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GDP PC
$4,295CURRENT US$
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2012-2022
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GDP PC GROWTH
40.4%CURRENT US$
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About

Iceland-Egypt Trade: In 2022, Iceland exported $5.27M to Egypt. The main products that Iceland exported to Egypt were Non-fillet Frozen Fish ($2.74M), Fish oil ($1.46M), and Other Inorganic Acids ($801k). Over the past 5 years the exports of Iceland to Egypt have decreased at an annualized rate of 13.7%, from $11M in 2017 to $5.27M in 2022.

In 2019, Iceland exported services to Egypt worth $560k, with Travel ($560k) being the largest in terms of value.

Egypt-Iceland Trade: In 2022, Egypt exported $3.37M to Iceland. The main products that Egypt exported to Iceland were Quartz ($1.17M), Knit T-shirts ($209k), and Grapes ($205k). Over the past 5 years the exports of Egypt to Iceland have decreased at an annualized rate of 9.49%,  from $5.54M in 2017 to $3.37M in 2022.

In 2022, Egypt 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, Egypt ranked 69 in the Economic Complexity Index (ECI -0.1), and 59 in total exports ($53.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $5.27M to Egypt. The main products exported from Iceland to Egypt were Non-fillet Frozen Fish ($2.74M), Fish oil ($1.46M), and Other Inorganic Acids ($801k). During the last 5 years the exports of Iceland to Egypt have decreased at an annualized rate of 13.7%, from $11M in 2017 to $5.27M in 2022.

In 2017, Egypt exported $3.37M to Iceland. The main products exported from Egypt to Iceland were Quartz ($1.17M), Knit T-shirts ($209k), and Grapes ($205k). During the last 5 years the exports of Egypt to Iceland have decreased at an annualized rate of 9.49%, from $5.54M in 2022 to $3.37M in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Egypt (Flag)

Iceland Exports

Egypt Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Egypt
Top Destination
Turkey$4.23B

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

In 2022, countries that imported more from Iceland than Egypt included Netherlands ($1.97B), Norway ($459M), and Denmark ($257M).

In 2022, countries that imported more from Egypt than Iceland included Turkey ($4.23B), Italy ($3.32B), and Spain ($3B).

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

Comparative Advantage Iceland - Egypt

Flow
Scale

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

During 2022, Iceland had a large net trade with Egypt in the exports of Animal Products ($2.81M), Animal and Vegetable Bi-Products ($1.46M), and Chemical Products ($802k).

During 2017, Egypt had a large net trade with Iceland in the exports of Mineral Products ($1.17M), Textiles ($808k), and Vegetable Products ($708k).

Economic Complexity

Competitive Landscape

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

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

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