2022
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GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
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GDP GROWTH
88.7%CURRENT US$
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2022
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 GDP
$991BCURRENT US$
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2012-2022
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GDP GROWTH
18.1%CURRENT US$
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2022
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GDP PC 
$72,903CURRENT US$
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2012-2022
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GDP PC GROWTH
58.5%CURRENT US$
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2022
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GDP PC
$55,985CURRENT US$
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2012-2022
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GDP PC GROWTH
11.8%CURRENT US$
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About

Iceland-Netherlands In 2022, Iceland exported $1.97B to Netherlands. The main products that Iceland exported to Netherlands are Raw Aluminium ($1.13B), Aluminium Wire ($232M), and Ferroalloys ($104M). During the last 27 years the exports of Iceland to Netherlands have increased at an annualized rate of 13.7%, from $61.1M in 1995 to $1.97B in 2022.

In 2019, Iceland exported services to Netherlands worth $159M, with Travel ($61.2M), Transportation ($52.7M), and Other business services ($24.9M) being the largest in terms of value.

Netherlands-Iceland In 2022, Netherlands exported $908M to Iceland. The main products that Netherlands exported to Iceland were Carbon-based Electronics ($184M), Computers ($87.6M), and Cars ($50.3M). During the last 27 years the exports of Netherlands to Iceland have increased at an annualized rate of 7.51%, from $128M in 1995 to $908M in 2022.

In 2020, Netherlands exported services to Iceland worth $254M, with Transportation ($168M), Financial services ($29.7M), and Royalties and license fees ($26.7M) 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, Netherlands ranked 20 in the Economic Complexity Index (ECI 1.1), and 6 in total exports ($674B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $1.97B to Netherlands. The main products exported from Iceland to Netherlands were Raw Aluminium ($1.13B), Aluminium Wire ($232M), and Ferroalloys ($104M). During the last 27 years the exports of Iceland to Netherlands have increased at an annualized rate of 13.7%, from $61.1M in 1995 to $1.97B in 2022.

In 2022, Netherlands exported $908M to Iceland. The main products exported from Netherlands to Iceland were Carbon-based Electronics ($184M), Computers ($87.6M), and Cars ($50.3M). During the last 27 years the exports of Netherlands to Iceland have increased at an annualized rate of 7.51%, from $128M in 1995 to $908M in 2022.

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

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

Latest Data

Trade between Iceland (Flag) and Netherlands (Flag)

Iceland Exports

Netherlands Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Netherlands
Top Destination
Germany$131B

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

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

In 2021, countries that imported more from Netherlands than Iceland were Germany ($131B), Belgium ($94.3B), and France ($59.9B).

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

Comparative Advantage Iceland - Netherlands

Flow
Scale

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

During 2022, Iceland had a large net trade with Netherlands in the exports of Metals ($1.54B), Animal Products ($216M), and Chemical Products ($88.8M).

During 2022, Netherlands had a large net trade with Iceland in the exports of Machines ($403M), Transportation ($92.2M), and Foodstuffs ($77M).

Service Trade

Bilateral Service Trade

In 2019, Iceland exported services to Netherlands worth $159M, with Travel ($61.2M), Transportation ($52.7M), and Other business services ($24.9M) being the largest in terms of value.

In 2020, Netherlands exported services to Iceland worth $254M, with Transportation ($168M), Financial services ($29.7M), and Royalties and license fees ($26.7M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

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 Netherlands. Similarly, the more yellow a dot/product is, the more Netherlands has comparative advantage over Iceland.

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

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