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2022
Flag → Flag
Exports $327kRnk 105 / 158
2022
Flag → Flag
Top Product $207kCoffee
2022
Flag → Flag
Exports $3.22kRnk 149 / 160
2022
Flag → Flag
Top Product $3.22kPlastic Pipes
2022
Flag
Economic Complexity (ECI) ECI -0.72Rnk 98 / 133
2022
Flag  
GDP$127BCURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP GROWTH193%CURRENT US$
Rnk 3 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC $1,028CURRENT US$
Rnk 168 / 186
2012-2022
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GDP PC GROWTH124%CURRENT US$
Rnk 4 / 186
2022
Flag
GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Ethiopia-Iceland Trade: In 2022, Ethiopia exported $327k to Iceland. The main products that Ethiopia exported to Iceland were Coffee ($207k), Cut Flowers ($35.3k), and Leather Footwear ($22.8k). Over the past 5 years the exports of Ethiopia to Iceland have increased at an annualized rate of 11.9%, from $187k in 2017 to $327k in 2022.

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

Iceland-Ethiopia Trade: In 2022, Iceland exported $3.22k to Ethiopia. The main products that Iceland exported to Ethiopia were Plastic Pipes ($3.22k). Over the past 5 years the exports of Iceland to Ethiopia have decreased at an annualized rate of 64.5%,  from $572k in 2017 to $3.22k in 2022.

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

Comparison In 2022,  Ethiopia ranked 98 in the Economic Complexity Index (ECI -0.72),  and 134 in total exports ($4.24B). 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
Value

In 2022, Ethiopia exported $327k to Iceland. The main products exported from Ethiopia to Iceland were Coffee ($207k), Cut Flowers ($35.3k), and Leather Footwear ($22.8k). During the last 5 years the exports of Ethiopia to Iceland have increased at an annualized rate of 11.9%, from $187k in 2017 to $327k in 2022.

In 2017, Iceland exported $3.22k to Ethiopia. The main products exported from Iceland to Ethiopia were Plastic Pipes ($3.22k). During the last 5 years the exports of Iceland to Ethiopia have decreased at an annualized rate of 64.5%, from $572k in 2022 to $3.22k in 2017.

Exports from Ethiopia (Flag) to Iceland (Flag) (2022)

Exports from Iceland (Flag) to Ethiopia (Flag) (2022)

Latest Data

Trade between Ethiopia (Flag) and Iceland (Flag)

Ethiopia Exports

Iceland Exports

Market Competitiveness

Color
Ethiopia
Top DestinationUnited Arab Emirates$723M
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Ethiopia than Iceland included United Arab Emirates ($723M), Saudi Arabia ($268M), and Somalia ($265M).

In 2022, countries that imported more from Iceland than Ethiopia included Netherlands ($1.97B), United Kingdom ($672M), and Norway ($459M).

Difference in imports from Iceland (Flag) and Ethiopia (Flag) (2022)

Comparative Advantage Ethiopia - Iceland

Flow
Scale

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

During 2022, Ethiopia had a large net trade with Iceland in the exports of Vegetable Products ($272k), Footwear and Headwear ($31.7k), and Textiles ($15.8k).

During 2017, Iceland had a large net trade with Ethiopia in the exports of Plastics and Rubbers ($3.22k).

Economic Complexity

Competitive Landscape

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

Product Space of Ethiopia (Flag) and Iceland (Flag) (2022)

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