Netherlands (NLD) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Netherlands-Iceland In 2022, Netherlands exported $908M to Iceland. The main products that Netherlands exported to Iceland are Carbon-based Electronics ($184M), Computers ($87.6M), and Cars ($50.3M). During the last 27 years the exports of Netherlands to Iceland have increased at an annualized rate of 7.51%, from $128M in 1995 to $908M 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 In 2022, Iceland exported $1.97B to Netherlands. The main products that Iceland exported to Netherlands were Raw Aluminium ($1.13B), Aluminium Wire ($232M), and Ferroalloys ($104M). During the last 27 years the exports of Iceland to Netherlands have increased at an annualized rate of 13.7%, from $61.1M in 1995 to $1.97B 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 20 in the Economic Complexity Index (ECI 1.1), 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.

Latest Trends

October, 2022

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Overview In October 2022, Netherlands exported €128M and imported €129M from Iceland, resulting in a negative trade balance of €1M. Between October 2021 and October 2022 the exports of Netherlands have increased by €78M (156%) from €50M to €128M, while imports decreased by €-3M (-2.27%) from €132M to €129M.

Trade In October 2022, the top exports of Netherlands to Iceland were Electrical machinery and apparatus, n.e.s. (€9M), Mechanical handling equipment, and parts thereof,... (€3M), Fruit and nuts (not including oil... (€2M), Vegetables, fresh, chilled, frozen or simply... (€1M), and Feeding stuff for animals (not including... (€1M). In October 2022 the top imports of Netherlands from Iceland were Aluminium (€66M), Fish, fresh (live or dead), chilled... (€8M), Pig-iron, spiegeleisen, sponge iron, iron or... (€6M), Ferrous waste and scrap; remelting scrap... (€1M), and Miscellaneous manufactured articles, n.e.s. (€1M).

Growth In October 2022, the increase in Netherlands's year-by-year exports to Iceland was explained primarily by an increase in product exports in . In October 2022, the decrease in Netherlands's year-by-year imports from Iceland was explained primarily by an decrease in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2021 - October 2022)€78M(156%)

IMPORT GROWTH (October 2021 - October 2022)€-3M(-2.27%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Netherlands exported $908M 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 27 years the exports of Netherlands to Iceland have increased at an annualized rate of 7.51%, from $128M in 1995 to $908M in 2022.

In 2022, Iceland exported $1.97B to Netherlands. The main products exported from Iceland to Netherlands were Raw Aluminium ($1.13B), Aluminium Wire ($232M), and Ferroalloys ($104M). During the last 27 years the exports of Iceland to Netherlands have increased at an annualized rate of 13.7%, from $61.1M in 1995 to $1.97B in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Netherlands
Top DestinationGermany$131B

Iceland
Top DestinationNetherlands$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 2021, countries that imported more from Netherlands than Iceland were Germany ($131B), Belgium ($94.3B), and France ($59.9B).

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

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

Comparative Advantage Netherlands - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, 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

Isl Year

Nld Year

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 () to Iceland () (2020)

Services Exports from Iceland () to Netherlands () (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 Netherlands has comparative advantage over Iceland. Similarly, the more yellow a dot/product is, the more Iceland has comparative advantage over Netherlands.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Netherlands - Iceland

Service Trade

Bilateral Service Trade

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

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

Economic Complexity

Competitive Landscape

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

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