Iceland (ISL) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Iceland-Turkey In 2022, Iceland exported $34.5M to Turkey. The main products that Iceland exported to Turkey are Fish Fillets ($10.7M), Aluminium Wire ($10.7M), and Non-fillet Frozen Fish ($5.57M). During the last 27 years the exports of Iceland to Turkey have increased at an annualized rate of 11.2%, from $1.98M in 1995 to $34.5M in 2022.

In 2019, Iceland exported services to Turkey worth $4.48M, with Travel ($3.69M) and Transportation ($784k) being the largest in terms of value.

Turkey-Iceland In 2022, Turkey exported $81.4M to Iceland. The main products that Turkey exported to Iceland were Quartz ($21.7M), Raw Iron Bars ($11.7M), and Cars ($7.42M). During the last 27 years the exports of Turkey to Iceland have increased at an annualized rate of 13.1%, from $2.95M in 1995 to $81.4M in 2022.

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

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Turkey ranked 39 in the Economic Complexity Index (ECI 0.59), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $34.5M to Turkey. The main products exported from Iceland to Turkey were Fish Fillets ($10.7M), Aluminium Wire ($10.7M), and Non-fillet Frozen Fish ($5.57M). During the last 27 years the exports of Iceland to Turkey have increased at an annualized rate of 11.2%, from $1.98M in 1995 to $34.5M in 2022.

In 2022, Turkey exported $81.4M to Iceland. The main products exported from Turkey to Iceland were Quartz ($21.7M), Raw Iron Bars ($11.7M), and Cars ($7.42M). During the last 27 years the exports of Turkey to Iceland have increased at an annualized rate of 13.1%, from $2.95M in 1995 to $81.4M in 2022.

Exports from Iceland () to Turkey () (2022)

Exports from Turkey () to Iceland () (2022)

Latest Data

Trade between Iceland () and Turkey ()

Iceland Exports

Date

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Turkey
Top DestinationGermany$21.9B

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

In 2021, countries that imported more from Iceland than Turkey were Greenland ($28.2M), Wallis and Futuna ($3.54M), and Montserrat ($65.6k).

In 2021, countries that imported more from Turkey than Iceland were Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Iceland - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Turkey in the exports of Animal Products ($16.8M), Metals ($10.9M), and Machines ($1.9M).

During 2022, Turkey had a large net trade with Iceland in the exports of Mineral Products ($24.4M), Metals ($18.1M), and Transportation ($12.3M).

Service Trade

Bilateral Service Trade

Isl Year

In 2019, Iceland exported services to Turkey worth $4.48M, with Travel ($3.69M) and Transportation ($784k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Economic Complexity

Competitive Landscape

Year

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 Turkey. Similarly, the more yellow a dot/product is, the more Turkey has comparative advantage over Iceland.

About

Historical Data

Bilateral Trade by Products

Exports from Iceland () to Turkey () (2022)

Exports from Turkey () to Iceland () (2022)

Latest Data

Trade between Iceland () and Turkey ()

Iceland Exports

Turkey Exports

Market Competitiveness

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

Comparative Advantage Iceland - Turkey

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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