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Pricing

2023
Flag → Flag
Exports $14.5MRnk 125 / 211
2023
Flag → Flag
Top Product $5.81MDelivery Trucks
2023
Flag → Flag
Exports $4.64MRnk 52 / 157
2023
Flag → Flag
Top Product $1.95MOrthopedic Appliances
2023
Flag
Economic Complexity (ECI) ECI 0.07Rnk 59 / 132
2023
Flag  
GDP$381BCURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP GROWTH-5.04%CURRENT US$
Rnk 177 / 195
2023
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 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC $6,023CURRENT US$
Rnk 113 / 195
2013-2023
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GDP PC GROWTH-17.9%CURRENT US$
Rnk 178 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
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GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

South Africa-Iceland Trade: In 2023, South Africa exported $14.5M to Iceland. The main products that South Africa exported to Iceland were Delivery Trucks ($5.81M), Planes, Helicopters, and/or Spacecraft ($1.65M), and Citrus ($1.37M). Over the past 5 years the exports of South Africa to Iceland have increased at an annualized rate of 5.26%, from $11.3M in 2018 to $14.5M in 2023.

In 2023, South Africa did not export any services to Iceland.

Iceland-South Africa Trade: In 2023, Iceland exported $4.64M to South Africa. The main products that Iceland exported to South Africa were Orthopedic Appliances ($1.95M), Packaged Medicaments ($1.04M), and Medical Instruments ($192k). Over the past 5 years the exports of Iceland to South Africa have decreased at an annualized rate of 28.2%,  from $24.4M in 2018 to $4.64M in 2023.

In 2019, Iceland exported services to South Africa worth $2.8M, with Travel ($2.69M) and Transportation ($112k) being the largest in terms of value.

Comparison In 2023,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.07),  and 34 in total exports ($154B). That same year, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, South Africa exported ZAR100k and imported ZAR5.95M from Iceland, resulting in a negative trade balance of ZAR5.85M. Between November 2023 and November 2024 the exports of South Africa have decreased by ZAR-1.03M (-91.2%) from ZAR1.13M to ZAR100k, while imports decreased by ZAR-4.46M (-42.8%) from ZAR10.4M to ZAR5.95M.

Trade In November 2024, the top exports of South Africa to Iceland were Sauces and Seasonings (ZAR113k) and Salt (ZAR17.7k). In November 2024 the top imports of South Africa from Iceland were Orthopedic Appliances (ZAR2.88M), Refined Petroleum (ZAR721k), X-Ray Equipment (ZAR393k), Transmissions (ZAR204k), and Scales (ZAR144k).

Origins In November 2024 the exports of South Africa were mainly from Cape Town (ZAR68.8k), O.R. Tambo Int Airport (ZAR30.1k), and Cape Town Int Airport (ZAR1.07k), while imports destinations were mainly Durban (ZAR3.45M), O.R. Tambo Int Airport (ZAR1.64M), Cape Town (ZAR589k), and Cape Town Int Airport (ZAR273k).

Growth In November 2024, the decrease in South Africa's year-by-year exports to Iceland was explained primarily by an decrease in product exports in . In November 2024, the decrease in South Africa's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in Scales (ZAR-286k or -66.4%), Telephones (ZAR-16.3k or -70.2%), and Opto-Electric Instrument Parts (ZAR-1.41k or -26.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)ZAR-1.03M(-91.2%)
IMPORT GROWTH (November 2023 - November 2024)ZAR-4.46M(-42.8%)
MAIN EXPORTER (November 2024)Cape TownZAR68.8k

This section shows exports and imports data at subnational level for South Africa. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of South Africa over time.

To check Iceland and South Africa trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iceland and South Africa Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, South Africa exported $14.5M to Iceland. The main products exported from South Africa to Iceland were Delivery Trucks ($5.81M), Planes, Helicopters, and/or Spacecraft ($1.65M), and Citrus ($1.37M). During the last 5 years the exports of South Africa to Iceland have increased at an annualized rate of 5.26%, from $11.3M in 2018 to $14.5M in 2023.

In 2018, Iceland exported $4.64M to South Africa. The main products exported from Iceland to South Africa were Orthopedic Appliances ($1.95M), Packaged Medicaments ($1.04M), and Medical Instruments ($192k). During the last 5 years the exports of Iceland to South Africa have decreased at an annualized rate of 28.2%, from $24.4M in 2023 to $4.64M in 2018.

Exports from South Africa (Flag) to Iceland (Flag) (2023)

Exports from Iceland (Flag) to South Africa (Flag) (2023)

Market Competitiveness

Color
South Africa
Top DestinationChina$29.5B
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from South Africa than Iceland included China ($29.5B), United States ($13B), and India ($10.8B).

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

Difference in imports from Iceland (Flag) and South Africa (Flag) (2023)

Comparative Advantage South Africa - Iceland

Flow
Scale

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

During 2023, South Africa had a large net trade with Iceland in the exports of Transportation ($7.85M), Vegetable Products ($4.47M), and Foodstuffs ($1.13M).

During 2018, Iceland had a large net trade with South Africa in the exports of Instruments ($2.29M), Chemical Products ($1.09M), and Machines ($320k).

Bilateral Service Trade

In 2019, Iceland exported services to South Africa worth $2.8M, with Travel ($2.69M) and Transportation ($112k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland (Flag) to South Africa (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of South Africa (Flag) and Iceland (Flag) (2023)

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