Iceland (ISL) and Poland (POL) Trade | The Observatory of Economic Complexity

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Iceland-Poland Trade: In 2023, Iceland exported $298M to Poland. The main products that Iceland exported to Poland were Raw Aluminium ($155M), Fish Fillets ($68.6M), and Non-fillet Fresh Fish ($37.4M). Over the past 5 years the exports of Iceland to Poland have increased at an annualized rate of 2.54%, from $263M in 2018 to $298M in 2023.

In 2019, Iceland exported services to Poland worth $27.3M, with Travel ($20.5M), Transportation ($3.81M), and Royalties and license fees ($896k) being the largest in terms of value.

Poland-Iceland Trade: In 2023, Poland exported $216M to Iceland. The main products that Poland exported to Iceland were Iron Structures ($24.7M), Other Furniture ($8.45M), and Carbon-based Electronics ($6.99M). Over the past 5 years the exports of Poland to Iceland have increased at an annualized rate of 2.66%, from $189M in 2018 to $216M in 2023.

In 2020, Poland exported services to Iceland worth $16.2M, with Computer and information services ($6.74M), Transportation ($5.14M), and Travel ($1.26M) being the largest in terms of value.

Comparison In 2023, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Poland ranked 24 in the Economic Complexity Index (ECI 1.09), and 23 in total exports ($339B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iceland exported $298M to Poland. The main products exported from Iceland to Poland were Raw Aluminium ($155M), Fish Fillets ($68.6M), and Non-fillet Fresh Fish ($37.4M). During the last 5 years the exports of Iceland to Poland have increased at an annualized rate of 2.54%, from $263M in 2018 to $298M in 2023.

In 2018, Poland exported $216M to Iceland. The main products exported from Poland to Iceland were Iron Structures ($24.7M), Other Furniture ($8.45M), and Carbon-based Electronics ($6.99M). During the last 5 years the exports of Poland to Iceland have increased at an annualized rate of 2.66%, from $189M in 2023 to $216M in 2018.

Exports from Iceland () to Poland () (2023)

Exports from Poland () to Iceland () (2023)

Latest Data

Trade between Iceland () and Poland ()

Iceland Exports

Date

Poland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Poland
Top DestinationGermany$84B

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

In 2023, countries that imported more from Iceland than Poland included Greenland ($72.3M) and Montserrat ($65.3k).

In 2023, countries that imported more from Poland than Iceland included Germany ($84B), Czechia ($19.3B), and France ($19.1B).

Difference in imports from Poland () and Iceland () (2023)

Comparative Advantage Iceland - Poland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iceland had a large net trade with Poland in the exports of Metals ($160M), Animal Products ($118M), and Chemical Products ($9.17M).

During 2018, Poland had a large net trade with Iceland in the exports of Machines ($51.4M), Metals ($37.1M), and Foodstuffs ($23.1M).

Bilateral Service Trade

Pol Year

Isl Year

In 2019, Iceland exported services to Poland worth $27.3M, with Travel ($20.5M), Transportation ($3.81M), and Royalties and license fees ($896k) being the largest in terms of value.

In 2020, Poland exported services to Iceland worth $16.2M, with Computer and information services ($6.74M), Transportation ($5.14M), and Travel ($1.26M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland () to Poland () (2019)

Services Exports from Poland () to Iceland () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iceland () to Poland () (2023)

Exports from Poland () to Iceland () (2023)

Latest Data

Trade between Iceland () and Poland ()

Iceland Exports

Poland Exports

Market Competitiveness

Difference in imports from Poland () and Iceland () (2023)

Comparative Advantage Iceland - Poland

Bilateral Service Trade

Services Exports from Iceland () to Poland () (2019)

Services Exports from Poland () to Iceland () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Iceland () and Poland () (2023)

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