2022
Flag  
GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH
88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP
$991BCURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP GROWTH
18.1%CURRENT US$
Rnk 125 / 186
2022
Flag
GDP PC 
$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH
58.5%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC
$55,985CURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP PC GROWTH
11.8%CURRENT US$
Rnk 110 / 186

About

Iceland-Netherlands Trade: In 2022, Iceland exported $1.97B to Netherlands. The main products that Iceland exported to Netherlands were Raw Aluminium ($1.13B), Aluminium Wire ($232M), and Ferroalloys ($104M). Over the past 5 years the exports of Iceland to Netherlands have increased at an annualized rate of 9.65%, from $1.24B in 2017 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 Trade: 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). Over the past 5 years the exports of Netherlands to Iceland have increased at an annualized rate of 8.23%,  from $612M in 2017 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 23 in the Economic Complexity Index (ECI 1.11), 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 5 years the exports of Iceland to Netherlands have increased at an annualized rate of 9.65%, from $1.24B in 2017 to $1.97B in 2022.

In 2017, 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 5 years the exports of Netherlands to Iceland have increased at an annualized rate of 8.23%, from $612M in 2022 to $908M in 2017.

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 2022, countries that imported more from Iceland than Netherlands included Greenland ($28.2M) and Wallis and Futuna ($3.54M).

In 2022, countries that imported more from Netherlands than Iceland included 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 2017, Netherlands had a large net trade with Iceland in the exports of Machines ($403M), Transportation ($92.2M), and Foodstuffs ($77M).

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)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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