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Flag → Flag
Top Product $184MCarbon-based Electronics
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Flag → Flag
Exports $1.24BRnk 1 / 160
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Flag → Flag
Top Product $1.13BRaw Aluminium
2022
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Economic Complexity (ECI) ECI 1.11Rnk 23 / 133

About

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 N/A, 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 N/A years the exports of Iceland to Netherlands have increased at an annualized rate of 82.7%,  from $61.1M in N/A to $1.24B in N/A.

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.

Latest Trends

October, 2022

About

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).

Latest Trade

Flow
Time Scale
Value
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.

For full datasets download visit Bulk Download page.

Explore Iceland and Netherlands Data

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Historical Data

Bilateral Trade by Products

Depth
Value

Netherlands does not register exports to Iceland. The main products exported from Netherlands to Iceland were Carbon-based Electronics ($184M), Computers ($87.6M), and Cars ($50.3M).

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Netherlands Iceland+N/AN/A
Top Product Potential Iceland Netherlands+N/AN/A

N/A

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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)

Service Trade

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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