2022
Flag  
GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH
88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP
$30.6BCURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP GROWTH
43.9%CURRENT US$
Rnk 78 / 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
$3,020CURRENT US$
Rnk 133 / 186
2012-2022
Flag
GDP PC GROWTH
13.8%CURRENT US$
Rnk 100 / 186

About

Iceland-Papua New Guinea Trade: In 2022, Iceland exported $285 to Papua New Guinea. The main products that Iceland exported to Papua New Guinea were Knit Sweaters ($149), Other toys ($50), and Microphones and Headphones ($27). Over the past 6 years the exports of Iceland to Papua New Guinea have decreased at an annualized rate of 62.8%, from $108k in 2016 to $285 in 2022.

In 2022, Iceland did not export any services to Papua New Guinea.

Papua New Guinea-Iceland Trade: In 2022, Papua New Guinea exported $1.59k to Iceland. The main products that Papua New Guinea exported to Iceland were Electrical Power Accessories ($707), Other Printed Material ($396), and Brochures ($295). Over the past 6 years the exports of Papua New Guinea to Iceland have decreased at an annualized rate of 49.2%,  from $47.1k in 2016 to $1.59k in 2022.

In 2022, Papua New Guinea 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, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $285 to Papua New Guinea. The main products exported from Iceland to Papua New Guinea were Knit Sweaters ($149), Other toys ($50), and Microphones and Headphones ($27). During the last 6 years the exports of Iceland to Papua New Guinea have decreased at an annualized rate of 62.8%, from $108k in 2016 to $285 in 2022.

In 2017, Papua New Guinea exported $1.59k to Iceland. The main products exported from Papua New Guinea to Iceland were Electrical Power Accessories ($707), Other Printed Material ($396), and Brochures ($295). During the last 5 years the exports of Papua New Guinea to Iceland have decreased at an annualized rate of 49.2%, from $47.1k in 2022 to $1.59k in 2017.

Exports from Iceland (Flag) to Papua New Guinea (Flag) (2022)

Exports from Papua New Guinea (Flag) to Iceland (Flag) (2022)

Latest Data

Trade between Iceland (Flag) and Papua New Guinea (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Papua New Guinea
Top Destination
Japan$4.03B

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

In 2022, countries that imported more from Iceland than Papua New Guinea included Netherlands ($1.97B), United States ($613M), and United Kingdom ($672M).

In 2022, countries that imported more from Papua New Guinea than Iceland included Japan ($4.03B), China ($3.44B), and Australia ($1.74B).

Difference in imports from Papua New Guinea (Flag) and Iceland (Flag) (2022)

Comparative Advantage Iceland - Papua New Guinea

Flow
Scale

This chart compares trade between Iceland and Papua New Guinea by product, considering products traded by both, Iceland and Papua New Guinea.

During 2022, Iceland had a large net trade with Papua New Guinea in the exports of Textiles ($179), Miscellaneous ($57), and Machines ($27).

During 2017, Papua New Guinea had a large net trade with Iceland in the exports of Paper Goods ($881) and Machines ($707).

Economic Complexity

Competitive Landscape

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

Product Space of Iceland (Flag) and Papua New Guinea (Flag) (2022)

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