2022
Flag  
GDP
$27.8BCURRENT US$
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2012-2022
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GDP GROWTH
88.7%CURRENT US$
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2022
Flag
 GDP
$252BCURRENT US$
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2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
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2022
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GDP PC 
$72,903CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
58.5%CURRENT US$
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2022
Flag
GDP PC
$24,275CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
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About

Iceland-Portugal In 2022, Iceland exported $95M to Portugal. The main products that Iceland exported to Portugal are Fish: dried, salted, smoked or in brine ($49.7M), Raw Aluminium ($19.2M), and Non-fillet Frozen Fish ($9.96M). During the last 27 years the exports of Iceland to Portugal have increased at an annualized rate of 3.85%, from $34.3M in 1995 to $95M in 2022.

In 2019, Iceland exported services to Portugal worth $10.1M, with Travel ($7.72M), Transportation ($1.46M), and Computer and information services ($448k) being the largest in terms of value.

Portugal-Iceland In 2022, Portugal exported $28.8M to Iceland. The main products that Portugal exported to Iceland were Raw Iron Bars ($3M), Antibiotics ($2.6M), and Hot-Rolled Iron Bars ($1.74M). During the last 27 years the exports of Portugal to Iceland have increased at an annualized rate of 2.47%, from $14.9M in 1995 to $28.8M in 2022.

In 2020, Portugal exported services to Iceland worth $3.43M, with Travel ($3.43M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $95M to Portugal. The main products exported from Iceland to Portugal were Fish: dried, salted, smoked or in brine ($49.7M), Raw Aluminium ($19.2M), and Non-fillet Frozen Fish ($9.96M). During the last 27 years the exports of Iceland to Portugal have increased at an annualized rate of 3.85%, from $34.3M in 1995 to $95M in 2022.

In 2022, Portugal exported $28.8M to Iceland. The main products exported from Portugal to Iceland were Raw Iron Bars ($3M), Antibiotics ($2.6M), and Hot-Rolled Iron Bars ($1.74M). During the last 27 years the exports of Portugal to Iceland have increased at an annualized rate of 2.47%, from $14.9M in 1995 to $28.8M in 2022.

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

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

Latest Data

Trade between Iceland (Flag) and Portugal (Flag)

Iceland Exports

Portugal Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Portugal
Top Destination
Spain$20.5B

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

In 2021, countries that imported more from Iceland than Portugal were Norway ($459M), Nigeria ($69.3M), and Greenland ($28.2M).

In 2021, countries that imported more from Portugal than Iceland were Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Comparative Advantage Iceland - Portugal

Flow
Scale

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

During 2022, Iceland had a large net trade with Portugal in the exports of Animal Products ($64.4M), Metals ($25.1M), and Mineral Products ($4.04M).

During 2022, Portugal had a large net trade with Iceland in the exports of Metals ($6.33M), Textiles ($6.08M), and Chemical Products ($2.87M).

Service Trade

Bilateral Service Trade

In 2019, Iceland exported services to Portugal worth $10.1M, with Travel ($7.72M), Transportation ($1.46M), and Computer and information services ($448k) being the largest in terms of value.

In 2020, Portugal exported services to Iceland worth $3.43M, with Travel ($3.43M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland (Flag) to Portugal (Flag) (2019)

Services Exports from Portugal (Flag) to Iceland (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Iceland has comparative advantage over Portugal. Similarly, the more yellow a dot/product is, the more Portugal has comparative advantage over Iceland.

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

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