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2022
Flag → Flag
Exports $126kRnk 109 / 160
2022
Flag → Flag
Top Product $60.9kGas and Liquid Flow Measuring Instruments
2022
Flag → Flag
Exports $7.28MRnk 125 / 199
2022
Flag → Flag
Top Product $2.04MHouse Linens
2022
Flag
Economic Complexity (ECI) ECI -0.45Rnk 84 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP$377BCURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP GROWTH67.8%CURRENT US$
Rnk 31 / 186
2022
Flag
GDP PC $72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC$1,597CURRENT US$
Rnk 155 / 186
2012-2022
Flag
GDP PC GROWTH43.9%CURRENT US$
Rnk 43 / 186

About

Iceland-Pakistan Trade: In 2022, Iceland exported $126k to Pakistan. The main products that Iceland exported to Pakistan were Gas and Liquid Flow Measuring Instruments ($60.9k), Fish Oil ($30.8k), and Synthetic Coloring Matter ($10.3k). Over the past 5 years the exports of Iceland to Pakistan have decreased at an annualized rate of 40.1%, from $1.63M in 2017 to $126k in 2022.

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

Pakistan-Iceland Trade: In 2022, Pakistan exported $7.28M to Iceland. The main products that Pakistan exported to Iceland were House Linens ($2.04M), Non-Knit Men's Suits ($1.42M), and Knit Sweaters ($557k). Over the past 5 years the exports of Pakistan to Iceland have increased at an annualized rate of 9.24%,  from $4.68M in 2017 to $7.28M in 2022.

In 2022, Pakistan 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, Pakistan ranked 84 in the Economic Complexity Index (ECI -0.45), and 66 in total exports ($38.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $126k to Pakistan. The main products exported from Iceland to Pakistan were Gas and Liquid Flow Measuring Instruments ($60.9k), Fish Oil ($30.8k), and Synthetic Coloring Matter ($10.3k). During the last 5 years the exports of Iceland to Pakistan have decreased at an annualized rate of 40.1%, from $1.63M in 2017 to $126k in 2022.

In 2017, Pakistan exported $7.28M to Iceland. The main products exported from Pakistan to Iceland were House Linens ($2.04M), Non-Knit Men's Suits ($1.42M), and Knit Sweaters ($557k). During the last 5 years the exports of Pakistan to Iceland have increased at an annualized rate of 9.24%, from $4.68M in 2022 to $7.28M in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Pakistan (Flag)

Iceland Exports

Pakistan Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Pakistan
Top DestinationUnited States$6.47B

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

In 2022, countries that imported more from Iceland than Pakistan included Netherlands ($1.97B), Norway ($459M), and Greenland ($28.2M).

In 2022, countries that imported more from Pakistan than Iceland included United States ($6.47B), China ($2.79B), and United Arab Emirates ($2.58B).

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

Comparative Advantage Iceland - Pakistan

Flow
Scale

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

During 2022, Iceland had a large net trade with Pakistan in the exports of Instruments ($62.9k), Animal and Vegetable Bi-Products ($30.8k), and Chemical Products ($12.5k).

During 2017, Pakistan had a large net trade with Iceland in the exports of Textiles ($6.04M), Miscellaneous ($337k), and Animal Hides ($285k).

Economic Complexity

Competitive Landscape

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

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

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