Flag Netherlands / Iceland Flag

2021
FlagFlag
Exports
: $722M, Rnk 62 / 222

2021
FlagFlag
Top Product
: $179M, Carbon-based Electronics

2021
FlagFlag
Exports
: $1.65B, Rnk 1 / 162

2021
FlagFlag
Top Product
: $1.13B, Raw Aluminium

2021
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Economic Complexity (ECI)
: ECI 1.09, Rnk 22 / 131

2021
Flag  
GDP
: $1.02T, CURRENT US$
Rnk 17 / 182

2011-2021
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GDP GROWTH
: 12.5%, CURRENT US$
Rnk 121 / 182

2021
Flag
 GDP
: $25.5B, CURRENT US$
Rnk 104 / 182

2011-2021
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GDP GROWTH
: 67.3%, CURRENT US$
Rnk 32 / 182

2021
Flag
GDP PC 
: $58,061, CURRENT US$
Rnk 13 / 182

2011-2021
Flag
GDP PC GROWTH
: 7.06%, CURRENT US$
Rnk 110 / 182

2021
Flag
GDP PC
: $68,384, CURRENT US$
Rnk 8 / 182

2011-2021
Flag
GDP PC GROWTH
: 43.3%, CURRENT US$
Rnk 38 / 182

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.

Historical Data

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Bilateral Trade by Products

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Depth
Value

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

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

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).

Bilateral Service Trade

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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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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.