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2023
Flag → Flag
Exports $293kRnk 100 / 157
2023
Flag → Flag
Top Product $69.9kArtificial Graphite
2023
Flag → Flag
Exports $7.65MRnk 128 / 205
2023
Flag → Flag
Top Product $2.32MHouse Linens
2023
Flag
Economic Complexity (ECI) ECI -0.55Rnk 89 / 132
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$338BCURRENT US$
Rnk 45 / 195
2013-2023
Flag
GDP GROWTH30.6%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC$1,365CURRENT US$
Rnk 170 / 196
2013-2023
Flag
GDP PC GROWTH11.4%CURRENT US$
Rnk 130 / 195

About

Iceland-Pakistan Trade: In 2023, Iceland exported $293k to Pakistan. The main products that Iceland exported to Pakistan were Artificial Graphite ($69.9k), Medical Instruments ($64.7k), and Gas and Liquid Flow Measuring Instruments ($55.3k). Over the past 5 years the exports of Iceland to Pakistan have decreased at an annualized rate of 0.98%, from $308k in 2018 to $293k in 2023.

In 2023, Iceland did not export any services to Pakistan.

Pakistan-Iceland Trade: In 2023, Pakistan exported $7.65M to Iceland. The main products that Pakistan exported to Iceland were House Linens ($2.32M), Non-Knit Men's Suits ($1.28M), and Knit Sweaters ($517k). Over the past 5 years the exports of Pakistan to Iceland have increased at an annualized rate of 8.21%,  from $5.15M in 2018 to $7.65M in 2023.

In 2023, Pakistan did not export any services to Iceland.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Pakistan ranked 89 in the Economic Complexity Index (ECI -0.55), and 66 in total exports ($35.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $293k to Pakistan. The main products exported from Iceland to Pakistan were Artificial Graphite ($69.9k), Medical Instruments ($64.7k), and Gas and Liquid Flow Measuring Instruments ($55.3k). During the last 5 years the exports of Iceland to Pakistan have decreased at an annualized rate of 0.98%, from $308k in 2018 to $293k in 2023.

In 2018, Pakistan exported $7.65M to Iceland. The main products exported from Pakistan to Iceland were House Linens ($2.32M), Non-Knit Men's Suits ($1.28M), and Knit Sweaters ($517k). During the last 5 years the exports of Pakistan to Iceland have increased at an annualized rate of 8.21%, from $5.15M in 2023 to $7.65M in 2018.

Exports from Iceland (Flag) to Pakistan (Flag) (2023)

Exports from Pakistan (Flag) to Iceland (Flag) (2023)

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$5.18B

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 2023, countries that imported more from Iceland than Pakistan included Netherlands ($1.97B), Norway ($444M), and Greenland ($72.3M).

In 2023, countries that imported more from Pakistan than Iceland included United States ($5.18B), United Arab Emirates ($3.7B), and China ($3.4B).

Difference in imports from Pakistan (Flag) and Iceland (Flag) (2023)

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 2023, Iceland had a large net trade with Pakistan in the exports of Instruments ($123k), Chemical Products ($69.9k), and Animal and Vegetable Bi-Products ($50k).

During 2018, Pakistan had a large net trade with Iceland in the exports of Textiles ($6.46M), Animal Hides ($310k), and Miscellaneous ($304k).

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) (2023)

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