Iceland / Spain

Iceland-Spain Trade: In 2022, Iceland exported $319M to Spain. The main products that Iceland exported to Spain were Dried/Salted/Smoked/Brined Fish ($86M), Raw Aluminium ($82.4M), and Fish Fillets ($80.6M). Over the past 5 years the exports of Iceland to Spain have decreased at an annualized rate of 13%, from $640M in 2017 to $319M in 2022.

In 2019, Iceland exported services to Spain worth $108M, with Travel ($78.6M), Transportation ($23.8M), and Computer and information services ($2.35M) being the largest in terms of value.

Spain-Iceland Trade: In 2022, Spain exported $136M to Iceland. The main products that Spain exported to Iceland were Refined Petroleum ($11.7M), Aluminium Oxide ($11.5M), and Cars ($8.33M). Over the past 5 years the exports of Spain to Iceland have increased at an annualized rate of 7.73%,  from $87.1M in 2017 to $136M in 2022.

In 2008, Spain exported services to Iceland worth $246M, with Services not allocated ($146M) and Travel ($100M) 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).