Austria / Iceland

Austria-Iceland Trade: In 2022, Austria exported $62.9M to Iceland. The main products that Austria exported to Iceland were Wood Carpentry ($6.94M), Micro-Organism Culture Preparations ($5.41M), and Lifting Machinery ($4.78M). Over the past 5 years the exports of Austria to Iceland have increased at an annualized rate of 8.73%, from $41.4M in 2017 to $62.9M in 2022.

In 2020, Austria exported services to Iceland worth $16M, with Travel ($6.85M), Construction services ($3.43M), and Communications services ($2.28M) being the largest in terms of value.

Iceland-Austria Trade: In 2022, Iceland exported $2.37M to Austria. The main products that Iceland exported to Austria were Horses ($582k), Special purpose motor vehicles ($386k), and Refined Petroleum ($230k). Over the past 5 years the exports of Iceland to Austria have decreased at an annualized rate of 36.1%,  from $85.1M in 2017 to $2.37M in 2022.

In 2019, Iceland exported services to Austria worth $34.1M, with Travel ($25.9M), Computer and information services ($4.81M), and Transportation ($2.46M) being the largest in terms of value.

Comparison In 2022,  Austria ranked 8 in the Economic Complexity Index (ECI 1.5),  and 32 in total exports ($209B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.