Egypt (EGY) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Egypt-Iceland Trade: In 2023, Egypt exported $4.1M to Iceland. The main products that Egypt exported to Iceland were Grapes ($476k), Other Fruits ($372k), and Non-Knit Men's Suits ($296k). Over the past 5 years the exports of Egypt to Iceland have decreased at an annualized rate of 8.28%, from $6.31M in 2018 to $4.1M in 2023.

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

Iceland-Egypt Trade: In 2023, Iceland exported $6.95M to Egypt. The main products that Iceland exported to Egypt were Non-fillet Frozen Fish ($5.64M), Fish Oil ($1.18M), and Animal Organs ($62.5k). Over the past 5 years the exports of Iceland to Egypt have decreased at an annualized rate of 3.7%, from $10.9M in 2018 to $6.95M in 2023.

In 2019, Iceland exported services to Egypt worth $560k, with Travel ($560k) being the largest in terms of value.

Comparison In 2023, Egypt ranked 66 in the Economic Complexity Index (ECI -0.11), and 58 in total exports ($51.1B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Egypt exported $4.1M to Iceland. The main products exported from Egypt to Iceland were Grapes ($476k), Other Fruits ($372k), and Non-Knit Men's Suits ($296k). During the last 5 years the exports of Egypt to Iceland have decreased at an annualized rate of 8.28%, from $6.31M in 2018 to $4.1M in 2023.

In 2018, Iceland exported $6.95M to Egypt. The main products exported from Iceland to Egypt were Non-fillet Frozen Fish ($5.64M), Fish Oil ($1.18M), and Animal Organs ($62.5k). During the last 5 years the exports of Iceland to Egypt have decreased at an annualized rate of 3.7%, from $10.9M in 2023 to $6.95M in 2018.

Exports from Egypt () to Iceland () (2023)

Exports from Iceland () to Egypt () (2023)

Latest Data

Trade between Egypt () and Iceland ()

Egypt Exports

Date

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Egypt
Top DestinationSaudi Arabia$5.31B

Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from Egypt than Iceland included Saudi Arabia ($5.31B), Turkey ($4.63B), and Italy ($2.9B).

In 2023, countries that imported more from Iceland than Egypt included Netherlands ($1.97B), Norway ($444M), and Denmark ($228M).

Difference in imports from Iceland () and Egypt () (2023)

Comparative Advantage Egypt - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Egypt had a large net trade with Iceland in the exports of Vegetable Products ($1.68M), Textiles ($1.19M), and Stone And Glass ($341k).

During 2018, Iceland had a large net trade with Egypt in the exports of Animal Products ($5.7M), Animal and Vegetable Bi-Products ($1.18M), and Machines ($26.6k).

Bilateral Service Trade

Isl Year

In 2019, Iceland exported services to Egypt worth $560k, with Travel ($560k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland () to Egypt () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Egypt () to Iceland () (2023)

Exports from Iceland () to Egypt () (2023)

Latest Data

Trade between Egypt () and Iceland ()

Egypt Exports

Iceland Exports

Market Competitiveness

Difference in imports from Iceland () and Egypt () (2023)

Comparative Advantage Egypt - Iceland

Bilateral Service Trade

Services Exports from Iceland () to Egypt () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Egypt () and Iceland () (2023)

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