Flag Iceland / Netherlands Flag

2019
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Exports
: $1.38B, Rnk 1 / 151

2019
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Top Product
: $879M, Raw Aluminium

2019
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Exports
: $668M, Rnk 60 / 223

2019
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Top Product
: $210M, Carbon-based Electronics

2019
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Economic Complexity (ECI)
: ECI 1.19, Rnk 22 / 146

2019
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GDP
: $24.2B, CURRENT US$
Rnk 107 / 187

2009-2019
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GDP GROWTH
: 83.7%, CURRENT US$
Rnk 42 / 187

2019
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 GDP
: $907B, CURRENT US$
Rnk 17 / 187

2009-2019
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GDP GROWTH
: 4.49%, CURRENT US$
Rnk 169 / 187

2019
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GDP PC 
: $66,945, CURRENT US$
Rnk 7 / 187

2009-2019
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GDP PC GROWTH
: 62%, CURRENT US$
Rnk 42 / 187

2019
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GDP PC
: $52,331, CURRENT US$
Rnk 13 / 187

2009-2019
Flag
GDP PC GROWTH
: -0.35%, CURRENT US$
Rnk 163 / 187

Iceland-Netherlands In 2019, Iceland exported $1.38B to Netherlands. The main products that Iceland exported to Netherlands are Raw Aluminium ($879M), Aluminium Bars ($91.4M), and Aluminium Wire ($89.9M). During the last 24 years the exports of Iceland to Netherlands have increased at an annualized rate of 13.8%, from $61.8M in 1995 to $1.38B in 2019.

In 2018, Iceland exported services to Netherlands worth $191M, with Transportation ($76.7M), Travel ($65.3M), and Other business services ($28.6M) being the largest in terms of value.

Netherlands-Iceland In 2019, Netherlands exported $668M to Iceland . The main products that Netherlands exported to Iceland were Carbon-based Electronics ($210M), Laboratory Reagents ($18.5M), and Refined Petroleum ($11.1M). During the last 24 years the exports of Netherlands to Iceland have increased at an annualized rate of 7.18%, from $127M in 1995 to $668M in 2019.

In 2018, Netherlands exported services to Iceland worth $239M, with Transportation ($159M), Financial services ($48.1M), and Royalties and license fees ($16.6M) being the largest in terms of value.

Comparison In 2019,  Iceland ranked 109 in total exports ($5.99B), and does not have data regarding Economic Complexity Index. That same year, Netherlands ranked 22 in the Economic Complexity Index (ECI 1.19), and 7 in total exports ($534B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Iceland exported $1.38B to Netherlands. The main products exported from Iceland to Netherlands were Raw Aluminium ($879M), Aluminium Bars ($91.4M), and Aluminium Wire ($89.9M). During the last 24 years the exports of Iceland to Netherlands have increased at an annualized rate of 13.8%, from $61.8M in 1995 to $1.38B in 2019.

In 2019, Netherlands exported $668M to Iceland. The main products exported from Netherlands to Iceland were Carbon-based Electronics ($210M), Laboratory Reagents ($18.5M), and Refined Petroleum ($11.1M). During the last 24 years the exports of Netherlands to Iceland have increased at an annualized rate of 7.18%, from $127M in 1995 to $668M in 2019.

Iceland Exports

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Netherlands Exports

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Market Competitiveness

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Measure

Iceland
Top Destination
: Netherlands, $1.38B

Netherlands
Top Destination
: Germany, $106B

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 2019, countries that imported more from Iceland than Netherlands were Greenland ($65.5M).

In 2019, countries that imported more from Netherlands than Iceland were Germany ($106B), Belgium ($65.7B), and United Kingdom ($48.5B).

Comparative Advantage Iceland - Netherlands

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Depth

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

During 2019, Iceland had a large net trade with Netherlands in the exports of Metals ($1.12B), Animal Products ($138M), and Machines ($57.8M).

During 2019, Netherlands had a large net trade with Iceland in the exports of Machines ($300M), Chemical Products ($68.6M), and Foodstuffs ($61.4M).

Tariff Section

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This section shows import tariffs for products traded between Iceland and Netherlands (using the HS6 product classification and the last year reported).

In 2019, the products from Iceland that paid the highest import tariffs to enter Netherlands were Milk and cream unsweetened, concentrated (661%)and Birds' eggs, in shell: fresh, not for incubation, other than fowls of the species Gallus domesticus (domestic hens) (464%).

In 2019, the products from Netherlands that paid the highest import tariffs to enter Iceland were Whey (164%)and Milk and cream unsweetened, concentrated (123%).

*The tariffs present between Iceland and Netherlands are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
216: Preferential tariff for European Economic Area
216: Preferential tariff for European Economic Area
218: Preferential tariff for European Union countries
218: Preferential tariff for European Union countries

Bilateral Service Trade

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In 2018, Iceland exported services to Netherlands worth $191M, with Transportation ($76.7M), Travel ($65.3M), and Other business services ($28.6M) being the largest in terms of value.

In 2018, Netherlands exported services to Iceland worth $239M, with Transportation ($159M), Financial services ($48.1M), and Royalties and license fees ($16.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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