Iceland (ISL) and Palestine (PSE) Trade | The Observatory of Economic Complexity

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Iceland-Palestine Trade: In 2022, Iceland exported $63.4k to Palestine. The main products that Iceland exported to Palestine were Carbonates ($37.2k), Sodium or Potassium Peroxides ($26.1k), and Motor vehicles; parts and accessories (8701 to 8705) ($27). Over the past 7 years the exports of Iceland to Palestine have increased at an annualized rate of 3.51%, from $49.8k in 2015 to $63.4k in 2022.

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

Palestine-Iceland In N/A, Palestine did not export any products to Iceland.

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

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B). That same year, Palestine ranked 150 in total exports ($1.61B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $63.4k to Palestine. The main products exported from Iceland to Palestine were Carbonates ($37.2k), Sodium or Potassium Peroxides ($26.1k), and Motor vehicles; parts and accessories (8701 to 8705) ($27). During the last 7 years the exports of Iceland to Palestine have increased at an annualized rate of 3.51%, from $49.8k in 2015 to $63.4k in 2022.

Palestine does not register exports to Iceland.

Exports from Iceland () to Palestine () (2022)

Exports from Palestine () to Iceland () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Palestine
Top DestinationIsrael$1.3B

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

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

In 2022, countries that imported more from Palestine than Iceland included Israel ($1.3B), Jordan ($159M), and United Arab Emirates ($29.1M).

Difference in imports from Palestine () and Iceland () (2022)

Comparative Advantage Iceland - Palestine

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Palestine in the exports of Chemical Products ($63.3k), Transportation ($27), and Paper Goods ($3).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Iceland () to Palestine () (2022)

Exports from Palestine () to Iceland () (2022)

Market Competitiveness

Difference in imports from Palestine () and Iceland () (2022)

Comparative Advantage Iceland - Palestine

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iceland () and Palestine () (2022)

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