Iceland (ISL) and Japan (JPN) Trade | The Observatory of Economic Complexity

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Iceland-Japan In 2022, Iceland exported $174M to Japan. The main products that Iceland exported to Japan are Ferroalloys ($86.5M), Non-fillet Frozen Fish ($47.5M), and Other Meat ($20.5M). During the last 27 years the exports of Iceland to Japan have decreased at an annualized rate of 0.79%, from $216M in 1995 to $174M in 2022.

In 2019, Iceland exported services to Japan worth $78.1M, with Computer and information services ($42.4M), Travel ($18.7M), and Transportation ($9.85M) being the largest in terms of value.

Japan-Iceland In 2022, Japan exported $115M to Iceland. The main products that Japan exported to Iceland were Cars ($74.6M), Carbon-based Electronics ($8.71M), and Delivery Trucks ($2.13M). During the last 27 years the exports of Japan to Iceland have increased at an annualized rate of 1.86%, from $69.6M in 1995 to $115M in 2022.

In 2022, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 1.99), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $174M to Japan. The main products exported from Iceland to Japan were Ferroalloys ($86.5M), Non-fillet Frozen Fish ($47.5M), and Other Meat ($20.5M). During the last 27 years the exports of Iceland to Japan have decreased at an annualized rate of 0.79%, from $216M in 1995 to $174M in 2022.

In 2022, Japan exported $115M to Iceland. The main products exported from Japan to Iceland were Cars ($74.6M), Carbon-based Electronics ($8.71M), and Delivery Trucks ($2.13M). During the last 27 years the exports of Japan to Iceland have increased at an annualized rate of 1.86%, from $69.6M in 1995 to $115M in 2022.

Exports from Iceland () to Japan () (2022)

Exports from Japan () to Iceland () (2022)

Latest Data

Trade between Iceland () and Japan ()

Iceland Exports

Date

Japan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Japan
Top DestinationUnited States$137B

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

In 2021, countries that imported more from Iceland than Japan were Greenland ($28.2M) and Wallis and Futuna ($3.54M).

In 2021, countries that imported more from Japan than Iceland were United States ($137B), China ($135B), and South Korea ($50.8B).

Difference in imports from Japan () and Iceland () (2022)

Comparative Advantage Iceland - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Japan in the exports of Metals ($87.3M), Animal Products ($77.7M), and Instruments ($5.07M).

During 2022, Japan had a large net trade with Iceland in the exports of Transportation ($79.7M), Machines ($19.6M), and Instruments ($3.66M).

Service Trade

Bilateral Service Trade

Isl Year

In 2019, Iceland exported services to Japan worth $78.1M, with Computer and information services ($42.4M), Travel ($18.7M), and Transportation ($9.85M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland () to Japan () (2019)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Iceland has comparative advantage over Japan. Similarly, the more yellow a dot/product is, the more Japan has comparative advantage over Iceland.

About

Historical Data

Bilateral Trade by Products

Exports from Iceland () to Japan () (2022)

Exports from Japan () to Iceland () (2022)

Latest Data

Trade between Iceland () and Japan ()

Iceland Exports

Japan Exports

Market Competitiveness

Difference in imports from Japan () and Iceland () (2022)

Comparative Advantage Iceland - Japan

Service Trade

Bilateral Service Trade

Services Exports from Iceland () to Japan () (2019)

Economic Complexity

Competitive Landscape

Product Space of Iceland () and Japan () (2022)

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