Iceland / Thailand

Iceland-Thailand Trade: In 2023, Iceland exported $12.7M to Thailand. The main products that Iceland exported to Thailand were Non-fillet Frozen Fish ($8.71M), Fish Oil ($770k), and Machinery Having Individual Functions ($677k). Over the past 5 years the exports of Iceland to Thailand have decreased at an annualized rate of 12.1%, from $24.1M in 2018 to $12.7M in 2023.

In 2019, Iceland exported services to Thailand worth $12.8M, with Travel ($10.5M), Transportation ($1.23M), and Royalties and license fees ($560k) being the largest in terms of value.

Thailand-Iceland Trade: In 2023, Thailand exported $33.5M to Iceland. The main products that Thailand exported to Iceland were Office Machine Parts ($3.19M), Pasta ($1.81M), and Computers ($1.72M). Over the past 5 years the exports of Thailand to Iceland have increased at an annualized rate of 2.92%,  from $25.1M in 2018 to $33.5M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).