Iceland / Singapore

Iceland-Singapore Trade: In 2023, Iceland exported $4.1M to Singapore. The main products that Iceland exported to Singapore were Aluminium Foil ($2.28M), Orthopedic Appliances ($216k), and Non-Iron and Steel Slag, Ash and Residues ($172k). Over the past 5 years the exports of Iceland to Singapore have decreased at an annualized rate of 3.2%, from $4.83M in 2018 to $4.1M in 2023.

In 2019, Iceland exported services to Singapore worth $23.2M, with Travel ($15.1M), Computer and information services ($3.47M), and Transportation ($1.79M) being the largest in terms of value.

Singapore-Iceland Trade: In 2023, Singapore exported $33.2M to Iceland. The main products that Singapore exported to Iceland were Aluminium Oxide ($13.4M), Other Plastic Products ($8.38M), and Other Heating Machinery ($2.23M). Over the past 5 years the exports of Singapore to Iceland have decreased at an annualized rate of 23.7%,  from $128M in 2018 to $33.2M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).