2022
Flag  
GDP
$991BCURRENT US$
Rnk 18 / 186
2012-2022
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GDP GROWTH
18.1%CURRENT US$
Rnk 125 / 186
2022
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 GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH
88.7%CURRENT US$
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2022
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GDP PC 
$55,985CURRENT US$
Rnk 12 / 186
2012-2022
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GDP PC GROWTH
11.8%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC
$72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH
58.5%CURRENT US$
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About

Netherlands-Iceland Trade: In 2022, Netherlands exported $612M to Iceland. The main products that Netherlands exported to Iceland were Carbon-based Electronics ($184M), Computers ($87.6M), and Cars ($50.3M). Over the past 5 years the exports of Netherlands to Iceland have increased at an annualized rate of 36.6%, from $128M in 2017 to $612M in 2022.

In 2020, Netherlands exported services to Iceland worth $254M, with Transportation ($168M), Financial services ($29.7M), and Royalties and license fees ($26.7M) being the largest in terms of value.

Iceland-Netherlands Trade: In 2022, Iceland exported $1.24B to Netherlands. The main products that Iceland exported to Netherlands were Raw Aluminium ($1.13B), Aluminium Wire ($232M), and Ferroalloys ($104M). Over the past 5 years the exports of Iceland to Netherlands have increased at an annualized rate of 82.7%,  from $61.1M in 2017 to $1.24B in 2022.

In 2019, Iceland exported services to Netherlands worth $159M, with Travel ($61.2M), Transportation ($52.7M), and Other business services ($24.9M) being the largest in terms of value.

Comparison In 2022,  Netherlands ranked 23 in the Economic Complexity Index (ECI 1.11),  and 6 in total exports ($674B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Netherlands exported $612M to Iceland. The main products exported from Netherlands to Iceland were Carbon-based Electronics ($184M), Computers ($87.6M), and Cars ($50.3M). During the last 5 years the exports of Netherlands to Iceland have increased at an annualized rate of 36.6%, from $128M in 2017 to $612M in 2022.

In 2017, Iceland exported $1.24B to Netherlands. The main products exported from Iceland to Netherlands were Raw Aluminium ($1.13B), Aluminium Wire ($232M), and Ferroalloys ($104M). During the last 22 years the exports of Iceland to Netherlands have increased at an annualized rate of 82.7%, from $61.1M in 1995 to $1.24B in 2017.

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

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

Market Competitiveness

Color
Netherlands
Top Destination
Germany$131B
Iceland
Top Destination
Netherlands$1.97B

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

In 2022, countries that imported more from Netherlands than Iceland included Germany ($131B), Belgium ($94.3B), and France ($59.9B).

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

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

Comparative Advantage Netherlands - Iceland

Flow
Scale

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

During 2022, Netherlands had a large net trade with Iceland in the exports of Machines ($403M), Transportation ($92.2M), and Foodstuffs ($77M).

During 2017, Iceland had a large net trade with Netherlands in the exports of Metals ($1.54B), Animal Products ($216M), and Chemical Products ($88.8M).

Service Trade

Bilateral Service Trade

In 2020, Netherlands exported services to Iceland worth $254M, with Transportation ($168M), Financial services ($29.7M), and Royalties and license fees ($26.7M) being the largest in terms of value.

In 2019, Iceland exported services to Netherlands worth $159M, with Travel ($61.2M), Transportation ($52.7M), and Other business services ($24.9M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

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

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

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