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

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Netherlands-Iceland In 2021, Netherlands exported $722M to Iceland. The main products that Netherlands exported to Iceland are Carbon-based Electronics ($179M), Cars ($34.3M), and Coal Briquettes ($23.4M). During the last 26 years the exports of Netherlands to Iceland have increased at an annualized rate of 6.87%, from $128M in 1995 to $722M in 2021.

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 2021, Iceland exported $1.65B to Netherlands. The main products that Iceland exported to Netherlands were Raw Aluminium ($1.13B), Aluminium Wire ($104M), and Non-fillet Fresh Fish ($78.1M). During the last 26 years the exports of Iceland to Netherlands have increased at an annualized rate of 13.5%, from $61M in 1995 to $1.65B in 2021.

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 2021, Netherlands ranked 22 in the Economic Complexity Index (ECI 1.09), and 6 in total exports ($642B). That same year, Iceland ranked 113 in total exports ($6.76B), and does not have data regarding Economic Complexity Index.

Latest Trends

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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

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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.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Netherlands exported $722M to Iceland. The main products exported from Netherlands to Iceland were Carbon-based Electronics ($179M), Cars ($34.3M), and Coal Briquettes ($23.4M). During the last 26 years the exports of Netherlands to Iceland have increased at an annualized rate of 6.87%, from $128M in 1995 to $722M in 2021.

In 2021, Iceland exported $1.65B to Netherlands. The main products exported from Iceland to Netherlands were Raw Aluminium ($1.13B), Aluminium Wire ($104M), and Non-fillet Fresh Fish ($78.1M). During the last 26 years the exports of Iceland to Netherlands have increased at an annualized rate of 13.5%, from $61M in 1995 to $1.65B in 2021.

Market Competitiveness

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Color

SectionYear

Netherlands
Top Destination: Germany, $129B

Iceland
Top Destination: Netherlands, $1.65B

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 ($129B), Belgium ($80.2B), and France ($57.1B).

In 2021, countries that imported more from Iceland than Netherlands were Greenland ($18.1M) and Tokelau ($232k).

Comparative Advantage Netherlands - Iceland

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Flow

Scale

Year

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

During 2021, Netherlands had a large net trade with Iceland in the exports of Machines ($278M), Foodstuffs ($74M), and Transportation ($63.6M).

During 2021, Iceland had a large net trade with Netherlands in the exports of Metals ($1.35B), Animal Products ($162M), and Chemical Products ($48.7M).

Service Trade

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Bilateral Service Trade

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Isl YearNld 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.

Economic Complexity

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Competitive Landscape

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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

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Netherlands - Iceland

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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