Estonia / Iceland

Estonia-Iceland Trade: In 2023, Estonia exported $69.5M to Iceland. The main products that Estonia exported to Iceland were Prefabricated Buildings ($13.6M), Crustaceans ($10.5M), and Raw Iron Bars ($7.04M). Over the past 5 years the exports of Estonia to Iceland have increased at an annualized rate of 7.73%, from $47.9M in 2018 to $69.5M in 2023.

In 2020, Estonia exported services to Iceland worth $4.45M, with Other business services ($1.83M), Personal, cultural, and recreational services ($1.03M), and Transportation ($457k) being the largest in terms of value.

Iceland-Estonia Trade: In 2023, Iceland exported $5.69M to Estonia. The main products that Iceland exported to Estonia were Refined Petroleum ($2.11M), Packaged Medicaments ($1.04M), and Processed Fish ($330k). Over the past 5 years the exports of Iceland to Estonia have increased at an annualized rate of 11.6%,  from $2.95M in 2018 to $5.69M in 2023.

In 2019, Iceland exported services to Estonia worth $8.62M, with Other business services ($4.7M), Travel ($2.91M), and Transportation ($672k) being the largest in terms of value.

Comparison In 2023,  Estonia ranked 79 in total exports ($20B). That same year, Iceland ranked 115 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.