NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $58.1MRnk 94 / 142
2023
Flag → Flag
Top Product $18.8MBroadcasting Equipment
2023
Flag → Flag
Exports $2.17MRnk 66 / 157
2023
Flag → Flag
Top Product $1.3MNon-fillet Frozen Fish
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 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 $4,282CURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Vietnam-Iceland Trade: In 2023, Vietnam exported $58.1M to Iceland. The main products that Vietnam exported to Iceland were Broadcasting Equipment ($18.8M), Textile Footwear ($4.54M), and Leather Footwear ($3.24M). Over the past 5 years the exports of Vietnam to Iceland have increased at an annualized rate of 14%, from $30.2M in 2018 to $58.1M in 2023.

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

Iceland-Vietnam Trade: In 2023, Iceland exported $2.17M to Vietnam. The main products that Iceland exported to Vietnam were Non-fillet Frozen Fish ($1.3M), Natural Polymers ($688k), and Medical Instruments ($82.2k). Over the past 5 years the exports of Iceland to Vietnam have decreased at an annualized rate of 25.1%,  from $9.19M in 2018 to $2.17M in 2023.

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

Comparison In 2023,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067),  and 15 in total exports ($424B). 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, Vietnam exported $58.1M to Iceland. The main products exported from Vietnam to Iceland were Broadcasting Equipment ($18.8M), Textile Footwear ($4.54M), and Leather Footwear ($3.24M). During the last 5 years the exports of Vietnam to Iceland have increased at an annualized rate of 14%, from $30.2M in 2018 to $58.1M in 2023.

In 2018, Iceland exported $2.17M to Vietnam. The main products exported from Iceland to Vietnam were Non-fillet Frozen Fish ($1.3M), Natural Polymers ($688k), and Medical Instruments ($82.2k). During the last 5 years the exports of Iceland to Vietnam have decreased at an annualized rate of 25.1%, from $9.19M in 2023 to $2.17M in 2018.

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

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

Latest Data

Trade between Vietnam (Flag) and Iceland (Flag)

Iceland Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$118B
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from Vietnam than Iceland included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Iceland than Vietnam included Greenland ($72.3M), Belarus ($34.6M), and Bahamas ($25M).

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

Comparative Advantage Vietnam - Iceland

Flow
Scale

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

During 2023, Vietnam had a large net trade with Iceland in the exports of Machines ($25.7M), Textiles ($10.8M), and Footwear and Headwear ($9.4M).

During 2018, Iceland had a large net trade with Vietnam in the exports of Animal Products ($1.36M), Plastics and Rubbers ($688k), and Instruments ($82.2k).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms