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2023
Flag → Flag
Exports $10.8MRnk 100 / 193
2023
Flag → Flag
Top Product $3.1MWood Charcoal
2023
Flag → Flag
Exports $101MRnk 13 / 157
2023
Flag → Flag
Top Product $74MNon-fillet Frozen Fish
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
Flag  
GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC $5,070CURRENT US$
Rnk 122 / 195
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Ukraine-Iceland Trade: In 2023, Ukraine exported $10.8M to Iceland. The main products that Ukraine exported to Iceland were Wood Charcoal ($3.1M), Poultry Meat ($2.06M), and Knitted Hats ($540k). Over the past 5 years the exports of Ukraine to Iceland have increased at an annualized rate of 27.8%, from $3.18M in 2018 to $10.8M in 2023.

In 2023, Ukraine did not export any services to Iceland.

Iceland-Ukraine Trade: In 2023, Iceland exported $101M to Ukraine. The main products that Iceland exported to Ukraine were Non-fillet Frozen Fish ($74M), Fish Fillets ($19.1M), and Processed Fish ($3.23M). Over the past 5 years the exports of Iceland to Ukraine have increased at an annualized rate of 3.81%,  from $83.8M in 2018 to $101M in 2023.

In 2023, Iceland did not export any services to Ukraine.

Comparison In 2023,  Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39),  and 64 in total exports ($40.3B). 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, Ukraine exported $10.8M to Iceland. The main products exported from Ukraine to Iceland were Wood Charcoal ($3.1M), Poultry Meat ($2.06M), and Knitted Hats ($540k). During the last 5 years the exports of Ukraine to Iceland have increased at an annualized rate of 27.8%, from $3.18M in 2018 to $10.8M in 2023.

In 2018, Iceland exported $101M to Ukraine. The main products exported from Iceland to Ukraine were Non-fillet Frozen Fish ($74M), Fish Fillets ($19.1M), and Processed Fish ($3.23M). During the last 5 years the exports of Iceland to Ukraine have increased at an annualized rate of 3.81%, from $83.8M in 2023 to $101M in 2018.

Exports from Ukraine (Flag) to Iceland (Flag) (2023)

Exports from Iceland (Flag) to Ukraine (Flag) (2023)

Latest Data

Trade between Ukraine (Flag) and Iceland (Flag)

Ukraine Exports

Iceland Exports

Market Competitiveness

Color
Ukraine
Top DestinationPoland$4.83B
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from Ukraine than Iceland included Poland ($4.83B), Romania ($3.56B), and Turkey ($2.88B).

In 2023, countries that imported more from Iceland than Ukraine included Netherlands ($1.97B), Norway ($444M), and United Kingdom ($607M).

Difference in imports from Iceland (Flag) and Ukraine (Flag) (2023)

Comparative Advantage Ukraine - Iceland

Flow
Scale

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

During 2023, Ukraine had a large net trade with Iceland in the exports of Wood Products ($3.35M), Animal Products ($2.06M), and Textiles ($1.42M).

During 2018, Iceland had a large net trade with Ukraine in the exports of Animal Products ($95.2M), Foodstuffs ($3.47M), and Instruments ($880k).

Economic Complexity

Competitive Landscape

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

Product Space of Ukraine (Flag) and Iceland (Flag) (2023)

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