Iceland (ISL) and Macau (MAC) Trade | The Observatory of Economic Complexity

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Iceland-Macau Trade: In 2022, Iceland exported $323k to Macau. The main products that Iceland exported to Macau were Fish: dried, salted, smoked or in brine ($279k), Beauty Products ($21.7k), and Trunks and Cases ($10.5k). Over the past 5 years the exports of Iceland to Macau have increased at an annualized rate of 15.8%, from $155k in 2017 to $323k in 2022.

In 2022, Iceland did not export any services to Macau.

Macau-Iceland Trade: In 2022, Macau exported $29.4k to Iceland. The main products that Macau exported to Iceland were Knit Men's Undergarments ($8.41k), Paper Notebooks ($6.75k), and Knit Sweaters ($2.98k). Over the past 5 years the exports of Macau to Iceland have increased at an annualized rate of 51%, from $3.74k in 2017 to $29.4k in 2022.

In 2022, Macau did not export any services to Iceland.

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B). That same year, Macau ranked 146 in total exports ($1.88B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $323k to Macau. The main products exported from Iceland to Macau were Fish: dried, salted, smoked or in brine ($279k), Beauty Products ($21.7k), and Trunks and Cases ($10.5k). During the last 5 years the exports of Iceland to Macau have increased at an annualized rate of 15.8%, from $155k in 2017 to $323k in 2022.

In 2017, Macau exported $29.4k to Iceland. The main products exported from Macau to Iceland were Knit Men's Undergarments ($8.41k), Paper Notebooks ($6.75k), and Knit Sweaters ($2.98k). During the last 5 years the exports of Macau to Iceland have increased at an annualized rate of 51%, from $3.74k in 2022 to $29.4k in 2017.

Exports from Iceland () to Macau () (2022)

Exports from Macau () to Iceland () (2022)

Latest Data

Trade between Iceland () and Macau ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Macau
Top DestinationHong Kong$1.22B

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

In 2022, countries that imported more from Iceland than Macau included Netherlands ($1.97B), United Kingdom ($672M), and Germany ($573M).

In 2022, countries that imported more from Macau than Iceland included Hong Kong ($1.22B), Israel ($37.4M), and Romania ($24.1M).

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

Comparative Advantage Iceland - Macau

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Macau in the exports of Animal Products ($286k), Chemical Products ($22.3k), and Animal Hides ($10.5k).

During 2017, Macau had a large net trade with Iceland in the exports of Textiles ($21.6k), Paper Goods ($6.75k), and Instruments ($873).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Iceland () to Macau () (2022)

Exports from Macau () to Iceland () (2022)

Latest Data

Trade between Iceland () and Macau ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Iceland - Macau

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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