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2022
Flag → Flag
Exports $185MRnk 105 / 221
2022
Flag → Flag
Exports $43.8MRnk 19 / 160
2022
Flag → Flag
Top Product $13.9MDried/Salted/Smoked/Brined Fish
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
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GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Italy-Iceland Trade: In 2022, Italy exported $185M to Iceland. The main products that Italy exported to Iceland were N/A. Over the past 5 years the exports of Italy to Iceland have increased at an annualized rate of 2.3%, from $165M in 2017 to $185M in 2022.

In 2020, Italy exported services to Iceland worth $5.6M, with Travel ($3.88M), Computer and information services ($1.26M), and Other business services ($228k) being the largest in terms of value.

Iceland-Italy Trade: In 2022, Iceland exported $43.8M to Italy. The main products that Iceland exported to Italy were Dried/Salted/Smoked/Brined Fish ($13.9M), Aluminium Foil ($9.33M), and Refined Petroleum ($5.88M). Over the past 5 years the exports of Iceland to Italy have decreased at an annualized rate of 1.02%,  from $46.1M in 2017 to $43.8M in 2022.

In 2019, Iceland exported services to Italy worth $73.9M, with Travel ($60.9M), Transportation ($10.6M), and Royalties and license fees ($784k) being the largest in terms of value.

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29),  and 7 in total exports ($634B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

About

Overview In N/A, Italy exported €N/A and imported €N/A from Iceland, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Italy to Iceland were N/A. In N/A the top imports of Italy from Iceland were .

Latest Trade

Time Scale
Flow
Value
Depth

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Iceland and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iceland and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $185M to Iceland. There were not main exports from Italy to Iceland in 2022. During the last 5 years the exports of Italy to Iceland have increased at an annualized rate of 2.3%, from $165M in 2017 to $185M in 2022.

In 2017, Iceland exported $43.8M to Italy. The main products exported from Iceland to Italy were Dried/Salted/Smoked/Brined Fish ($13.9M), Aluminium Foil ($9.33M), and Refined Petroleum ($5.88M). During the last 5 years the exports of Iceland to Italy have decreased at an annualized rate of 1.02%, from $46.1M in 2022 to $43.8M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Italy than Iceland included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Iceland than Italy included Greenland ($28.2M), Wallis and Futuna ($3.54M), and Montserrat ($65.6k).

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

Comparative Advantage Italy - Iceland

Flow
Scale

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

During 2022, Italy had a large net trade with Iceland in the exports of Machines ($44.6M), Metals ($41.1M), and Foodstuffs ($21M).

During 2017, Iceland had a large net trade with Italy in the exports of Animal Products ($16.6M), Metals ($9.77M), and Mineral Products ($5.96M).

Bilateral Service Trade

In 2020, Italy exported services to Iceland worth $5.6M, with Travel ($3.88M), Computer and information services ($1.26M), and Other business services ($228k) being the largest in terms of value.

In 2019, Iceland exported services to Italy worth $73.9M, with Travel ($60.9M), Transportation ($10.6M), and Royalties and license fees ($784k) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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