Iceland / India

Iceland-India Trade: In 2023, Iceland exported $7.93M to India. The main products that Iceland exported to India were Ferroalloys ($4.4M), Fish Oil ($1.12M), and Other Edible Preparations ($406k). Over the past 5 years the exports of Iceland to India have decreased at an annualized rate of 5.73%, from $10.7M in 2018 to $7.93M in 2023.

In 2019, Iceland exported services to India worth $22.2M, with Travel ($13.1M), Transportation ($1.9M), and Government services, n.i.e. ($1.68M) being the largest in terms of value.

India-Iceland Trade: In 2023, India exported $39.6M to Iceland. The main products that India exported to Iceland were Other Iron Bars ($4.07M), Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($2.83M), and Electrical Transformers ($1.63M). Over the past 5 years the exports of India to Iceland have increased at an annualized rate of 1.16%,  from $37.4M in 2018 to $39.6M in 2023.

In 2023, India did not export any services to Iceland.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).