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2023
Flag → Flag
Exports $22.5MRnk 108 / 182
2023
Flag → Flag
Top Product $22.3MRefined Petroleum
2023
Flag → Flag
Exports $1.36MRnk 76 / 157
2023
Flag → Flag
Top Product $618kOrthopedic Appliances
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
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 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
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GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
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GDP PC $32,094CURRENT US$
Rnk 44 / 195
2013-2023
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GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195
2023
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GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
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GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Saudi Arabia-Iceland Trade: In 2023, Saudi Arabia exported $22.5M to Iceland. The main products that Saudi Arabia exported to Iceland were Refined Petroleum ($22.3M), Tropical Fruits ($62.5k), and Citrus ($25.9k). Over the past 5 years the exports of Saudi Arabia to Iceland have increased at an annualized rate of 24.1%, from $7.64M in 2018 to $22.5M in 2023.

In 2023, Saudi Arabia did not export any services to Iceland.

Iceland-Saudi Arabia Trade: In 2023, Iceland exported $1.36M to Saudi Arabia. The main products that Iceland exported to Saudi Arabia were Orthopedic Appliances ($618k), Tensile Testing Machines ($123k), and Other Edible Preparations ($121k). Over the past 5 years the exports of Iceland to Saudi Arabia have decreased at an annualized rate of 4.62%,  from $1.73M in 2018 to $1.36M in 2023.

In 2023, Iceland did not export any services to Saudi Arabia.

Comparison In 2023,  Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76),  and 26 in total exports ($300B). That same year, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Saudi Arabia exported $22.5M to Iceland. The main products exported from Saudi Arabia to Iceland were Refined Petroleum ($22.3M), Tropical Fruits ($62.5k), and Citrus ($25.9k). During the last 5 years the exports of Saudi Arabia to Iceland have increased at an annualized rate of 24.1%, from $7.64M in 2018 to $22.5M in 2023.

In 2018, Iceland exported $1.36M to Saudi Arabia. The main products exported from Iceland to Saudi Arabia were Orthopedic Appliances ($618k), Tensile Testing Machines ($123k), and Other Edible Preparations ($121k). During the last 5 years the exports of Iceland to Saudi Arabia have decreased at an annualized rate of 4.62%, from $1.73M in 2023 to $1.36M in 2018.

Exports from Saudi Arabia (Flag) to Iceland (Flag) (2023)

Exports from Iceland (Flag) to Saudi Arabia (Flag) (2023)

Latest Data

Trade between Saudi Arabia (Flag) and Iceland (Flag)

Saudi Arabia Exports

Iceland Exports

Market Competitiveness

Color
Saudi Arabia
Top DestinationChina$64.4B
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from Saudi Arabia than Iceland included China ($64.4B), India ($34.8B), and Japan ($34.7B).

In 2023, countries that imported more from Iceland than Saudi Arabia included Norway ($444M), Denmark ($228M), and Greenland ($72.3M).

Difference in imports from Iceland (Flag) and Saudi Arabia (Flag) (2023)

Comparative Advantage Saudi Arabia - Iceland

Flow
Scale

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

During 2023, Saudi Arabia had a large net trade with Iceland in the exports of Mineral Products ($22.3M), Vegetable Products ($88.6k), and Instruments ($16.2k).

During 2018, Iceland had a large net trade with Saudi Arabia in the exports of N/A.

Economic Complexity

Competitive Landscape

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

Product Space of Saudi Arabia (Flag) and Iceland (Flag) (2023)

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