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

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Egypt-Iceland Trade: In 2022, Egypt exported $3.37M to Iceland. The main products that Egypt exported to Iceland were Quartz ($1.17M), Knit T-shirts ($209k), and Grapes ($205k). Over the past 5 years the exports of Egypt to Iceland have decreased at an annualized rate of 9.49%, from $5.54M in 2017 to $3.37M in 2022.

In 2022, Egypt did not export any services to Iceland.

Iceland-Egypt Trade: In 2022, Iceland exported $5.27M to Egypt. The main products that Iceland exported to Egypt were Non-fillet Frozen Fish ($2.74M), Fish Oil ($1.46M), and Other Inorganic Acids ($801k). Over the past 5 years the exports of Iceland to Egypt have decreased at an annualized rate of 13.7%, from $11M in 2017 to $5.27M in 2022.

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

Comparison In 2022, Egypt ranked 69 in the Economic Complexity Index (ECI -0.1), and 59 in total exports ($53.9B). That same year, Iceland ranked 116 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 2022, Egypt exported $3.37M to Iceland. The main products exported from Egypt to Iceland were Quartz ($1.17M), Knit T-shirts ($209k), and Grapes ($205k). During the last 5 years the exports of Egypt to Iceland have decreased at an annualized rate of 9.49%, from $5.54M in 2017 to $3.37M in 2022.

In 2017, Iceland exported $5.27M to Egypt. The main products exported from Iceland to Egypt were Non-fillet Frozen Fish ($2.74M), Fish Oil ($1.46M), and Other Inorganic Acids ($801k). During the last 5 years the exports of Iceland to Egypt have decreased at an annualized rate of 13.7%, from $11M in 2022 to $5.27M in 2017.

Exports from Egypt () to Iceland () (2022)

Exports from Iceland () to Egypt () (2022)

Latest Data

Trade between Egypt () and Iceland ()

Egypt Exports

Date

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Egypt
Top DestinationTurkey$4.23B

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 2022, countries that imported more from Egypt than Iceland included Turkey ($4.23B), Italy ($3.32B), and Spain ($3B).

In 2022, countries that imported more from Iceland than Egypt included Netherlands ($1.97B), Norway ($459M), and Denmark ($257M).

Difference in imports from Iceland () and Egypt () (2022)

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 2022, Egypt had a large net trade with Iceland in the exports of Mineral Products ($1.17M), Textiles ($808k), and Vegetable Products ($708k).

During 2017, Iceland had a large net trade with Egypt in the exports of Animal Products ($2.81M), Animal and Vegetable Bi-Products ($1.46M), and Chemical Products ($802k).

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 () (2022)

Exports from Iceland () to Egypt () (2022)

Latest Data

Trade between Egypt () and Iceland ()

Egypt Exports

Iceland Exports

Market Competitiveness

Difference in imports from Iceland () and Egypt () (2022)

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 () (2022)

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