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2022
Flag → Flag
Exports $992kRnk 74 / 160
2022
Flag → Flag
Top Product $390kNon-fillet Frozen Fish
2022
Flag → Flag
Exports $168MRnk 78 / 218
2022
Flag → Flag
Top Product $115MHydrometers
2022
Flag
Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
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 GDP$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 102 / 186
2022
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GDP PC $72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186
2022
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GDP PC$11,972CURRENT US$
Rnk 69 / 186
2012-2022
Flag
GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186

About

Iceland-Malaysia Trade: In 2022, Iceland exported $992k to Malaysia. The main products that Iceland exported to Malaysia were Non-fillet Frozen Fish ($390k), Fish oil ($373k), and Medical Instruments ($100k). Over the past 5 years the exports of Iceland to Malaysia have decreased at an annualized rate of 9.12%, from $1.6M in 2017 to $992k in 2022.

In 2019, Iceland exported services to Malaysia worth $7.28M, with Travel ($6.94M) and Transportation ($336k) being the largest in terms of value.

Malaysia-Iceland Trade: In 2022, Malaysia exported $168M to Iceland. The main products that Malaysia exported to Iceland were Hydrometers ($115M), Printed Circuit Boards ($19.9M), and Computers ($14.2M). Over the past 5 years the exports of Malaysia to Iceland have increased at an annualized rate of 59.5%,  from $10.2M in 2017 to $168M in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $992k to Malaysia. The main products exported from Iceland to Malaysia were Non-fillet Frozen Fish ($390k), Fish oil ($373k), and Medical Instruments ($100k). During the last 5 years the exports of Iceland to Malaysia have decreased at an annualized rate of 9.12%, from $1.6M in 2017 to $992k in 2022.

In 2017, Malaysia exported $168M to Iceland. The main products exported from Malaysia to Iceland were Hydrometers ($115M), Printed Circuit Boards ($19.9M), and Computers ($14.2M). During the last 5 years the exports of Malaysia to Iceland have increased at an annualized rate of 59.5%, from $10.2M in 2022 to $168M in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Malaysia (Flag)

Iceland Exports

Malaysia Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Iceland than Malaysia included Norway ($459M), Greenland ($28.2M), and Bahamas ($20.1M).

In 2022, countries that imported more from Malaysia than Iceland included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

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

Comparative Advantage Iceland - Malaysia

Flow
Scale

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

During 2022, Iceland had a large net trade with Malaysia in the exports of Animal Products ($392k), Animal and Vegetable Bi-Products ($383k), and Instruments ($113k).

During 2017, Malaysia had a large net trade with Iceland in the exports of Instruments ($118M), Machines ($41.1M), and Plastics and Rubbers ($5.05M).

Economic Complexity

Competitive Landscape

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

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

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