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2023
Flag → Flag
Exports $908MRnk 136 / 208
2023
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Top Product $243MCarbon-based Electronics
2023
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Exports $209MRnk 9 / 157
2023
Flag → Flag
Top Product $111MNon-fillet Frozen Fish
2023
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Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
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GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
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GDP GROWTH85.9%CURRENT US$
Rnk 22 / 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 $12,614CURRENT US$
Rnk 80 / 195
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
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2023
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GDP PC$79,637CURRENT US$
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2013-2023
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GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

China-Iceland Trade: In 2023, China exported $908M to Iceland. The main products that China exported to Iceland were Carbon-based Electronics ($243M), Broadcasting Equipment ($52.9M), and Computers ($52.1M). Over the past 5 years the exports of China to Iceland have increased at an annualized rate of 5.96%, from $680M in 2018 to $908M in 2023.

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

Iceland-China Trade: In 2023, Iceland exported $209M to China. The main products that Iceland exported to China were Non-fillet Frozen Fish ($111M), Sculptures ($37.8M), and Non-fillet Fresh Fish ($13.1M). Over the past 5 years the exports of Iceland to China have increased at an annualized rate of 5.79%,  from $158M in 2018 to $209M in 2023.

In 2019, Iceland exported services to China worth $95.8M, with Travel ($80M), Transportation ($7.39M), and Computer and information services ($3.02M) being the largest in terms of value.

Comparison In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16),  and 1 in total exports ($3.42T). That same year, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, China exported $33.6M and imported $15.5M from Iceland, resulting in a positive trade balance of $18M. Between December 2023 and December 2024 the exports of China have increased by $15M (81.1%) from $18.5M to $33.6M, while imports increased by $2.38M (18.1%) from $13.1M to $15.5M.

Trade In December 2024, the top exports of China to Iceland were Carbon-based Electronics ($14.4M), Telephones ($2.74M), Cars ($2.44M), Aluminium Foil ($1.59M), and Inhalable tobacco/nicotine products ($1.14M). In December 2024 the top imports of China from Iceland were Non-fillet Frozen Fish ($9.34M), Non-fillet Fresh Fish ($2.34M), Fish Oil ($977k), Aquatic invertebrates, other than crustaceans and... ($734k), and Orthopedic Appliances ($402k).

Origins In December 2024 the exports of China were mainly from Shandong Province ($10.6M), Guangdong Province ($6.81M), Jiangsu Province ($6.53M), Zhejiang Province ($2.8M), and Chongqing ($1.61M), while imports destinations were mainly Shandong Province ($7.1M), Shanghai Province ($3.5M), Fujian Province ($1.09M), Beijing ($1.06M), and Liaoning Province ($898k).

Growth In December 2024, the increase in China's year-by-year exports to Iceland was explained primarily by an increase in product exports in Carbon-based Electronics ($2.83M or 24.3%), Telephones ($2.5M or 1.04k%), and Cars ($1.97M or 421%). In December 2024, the increase in China's year-by-year imports  from Iceland was explained primarily by an increase in product imports  in Non-fillet Frozen Fish ($5.25M or 128%), Non-fillet Fresh Fish ($817k or 53.8%), and Fish Oil ($321k or 49%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$15M(81.1%)
IMPORT GROWTH (December 2023 - December 2024)$2.38M(18.1%)
MAIN EXPORTER (December 2024)Shandong Province$10.6M

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

To check Iceland and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $908M to Iceland. The main products exported from China to Iceland were Carbon-based Electronics ($243M), Broadcasting Equipment ($52.9M), and Computers ($52.1M). During the last 5 years the exports of China to Iceland have increased at an annualized rate of 5.96%, from $680M in 2018 to $908M in 2023.

In 2018, Iceland exported $209M to China. The main products exported from Iceland to China were Non-fillet Frozen Fish ($111M), Sculptures ($37.8M), and Non-fillet Fresh Fish ($13.1M). During the last 5 years the exports of Iceland to China have increased at an annualized rate of 5.79%, from $158M in 2023 to $209M in 2018.

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

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

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from China than Iceland included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, countries that imported more from Iceland than China included Greenland ($72.3M) and Guam ($271).

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

Comparative Advantage China - Iceland

Flow
Scale

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

During 2023, China had a large net trade with Iceland in the exports of Machines ($498M), Textiles ($90.6M), and Miscellaneous ($65.5M).

During 2018, Iceland had a large net trade with China in the exports of Animal Products ($128M), Arts and Antiques ($42.4M), and Metals ($11.2M).

Bilateral Service Trade

In 2019, Iceland exported services to China worth $95.8M, with Travel ($80M), Transportation ($7.39M), and Computer and information services ($3.02M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland (Flag) to China (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

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