2022
Flag  
GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
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GDP GROWTH
88.7%CURRENT US$
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2022
Flag
 GDP
$2.78TCURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP GROWTH
3.7%CURRENT US$
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2022
Flag
GDP PC 
$72,903CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
58.5%CURRENT US$
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2022
Flag
GDP PC
$40,964CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
0.23%CURRENT US$
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About

Iceland-France Trade: In 2022, Iceland exported $459M to France. The main products that Iceland exported to France were Fish Fillets ($252M), Raw Aluminium ($126M), and Non-fillet Fresh Fish ($48M). Over the past 5 years the exports of Iceland to France have increased at an annualized rate of 2.1%, from $414M in 2017 to $459M in 2022.

In 2019, Iceland exported services to France worth $188M, with Travel ($138M), Transportation ($43.7M), and Computer and information services ($2.46M) being the largest in terms of value.

France-Iceland Trade: In 2022, France exported $329M to Iceland. The main products that France exported to Iceland were Planes, Helicopters, and/or Spacecraft ($124M), Refined Petroleum ($19.4M), and Delivery Trucks ($13.7M). Over the past 5 years the exports of France to Iceland have decreased at an annualized rate of 7.8%,  from $494M in 2017 to $329M in 2022.

In 2020, France exported services to Iceland worth $25.1M, with Personal, cultural, and recreational services ($10.3M), Other business services ($5.71M), and Transportation ($4.57M) 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, France ranked 16 in the Economic Complexity Index (ECI 1.3), and 8 in total exports ($608B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $459M to France. The main products exported from Iceland to France were Fish Fillets ($252M), Raw Aluminium ($126M), and Non-fillet Fresh Fish ($48M). During the last 5 years the exports of Iceland to France have increased at an annualized rate of 2.1%, from $414M in 2017 to $459M in 2022.

In 2017, France exported $329M to Iceland. The main products exported from France to Iceland were Planes, Helicopters, and/or Spacecraft ($124M), Refined Petroleum ($19.4M), and Delivery Trucks ($13.7M). During the last 5 years the exports of France to Iceland have decreased at an annualized rate of 7.8%, from $494M in 2022 to $329M in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and France (Flag)

Iceland Exports

France Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
France
Top Destination
Germany$78.3B

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

In 2022, no countries were registered that imported more from Iceland than from France.

In 2022, countries that imported more from France than Iceland included Germany ($78.3B), Italy ($56.4B), and United States ($50B).

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

Comparative Advantage Iceland - France

Flow
Scale

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

During 2022, Iceland had a large net trade with France in the exports of N/A.

During 2017, France had a large net trade with Iceland in the exports of Transportation ($160M), Machines ($46.1M), and Mineral Products ($36.6M).

Bilateral Service Trade

In 2019, Iceland exported services to France worth $188M, with Travel ($138M), Transportation ($43.7M), and Computer and information services ($2.46M) being the largest in terms of value.

In 2020, France exported services to Iceland worth $25.1M, with Personal, cultural, and recreational services ($10.3M), Other business services ($5.71M), and Transportation ($4.57M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from France (Flag) to Iceland (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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