NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $625kRnk 91 / 161
2023
Flag → Flag
Top Product $425kCoffee
2023
Flag → Flag
Exports $170kRnk 109 / 157
2023
Flag → Flag
Top Product $147kFish Oil
2023
Flag
Economic Complexity (ECI) ECI -0.84Rnk 101 / 132
2023
Flag  
GDP$164BCURRENT US$
Rnk 59 / 195
2013-2023
Flag
GDP GROWTH244%CURRENT US$
Rnk 2 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC $1,272CURRENT US$
Rnk 172 / 195
2013-2023
Flag
GDP PC GROWTH163%CURRENT US$
Rnk 3 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Ethiopia-Iceland Trade: In 2023, Ethiopia exported $625k to Iceland. The main products that Ethiopia exported to Iceland were Coffee ($425k), Knit T-shirts ($59.3k), and Oscilloscopes ($38.5k). Over the past 5 years the exports of Ethiopia to Iceland have increased at an annualized rate of 25.1%, from $204k in 2018 to $625k in 2023.

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

Iceland-Ethiopia Trade: In 2023, Iceland exported $154k to Ethiopia. The main products that Iceland exported to Ethiopia were Fish Oil ($147k), Low-voltage Protection Equipment ($2.4k), and Plastic Pipes ($1.68k). Over the past 5 years the exports of Iceland to Ethiopia have decreased at an annualized rate of 24.9%,  from $643k in 2018 to $154k in 2023.

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

Comparison In 2023,  Ethiopia ranked 101 in the Economic Complexity Index (ECI -0.84),  and 137 in total exports ($3.97B). 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
Value

In 2023, Ethiopia exported $625k to Iceland. The main products exported from Ethiopia to Iceland were Coffee ($425k), Knit T-shirts ($59.3k), and Oscilloscopes ($38.5k). During the last 5 years the exports of Ethiopia to Iceland have increased at an annualized rate of 34,3%, from $62k in 2018 to $625k in 2023.

In 2018, Iceland exported $154k to Ethiopia. The main products exported from Iceland to Ethiopia were Fish Oil ($147k), Low-voltage Protection Equipment ($2.4k), and Plastic Pipes ($1.68k). During the last 5 years the exports of Iceland to Ethiopia have decreased at an annualized rate of 0,28%, from $168k in 2023 to $154k in 2018.

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

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

Latest Data

Trade between Ethiopia (Flag) and Iceland (Flag)

Ethiopia Exports

Iceland Exports

Market Competitiveness

Color
Ethiopia
Top DestinationUnited States$487M
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 2023, countries that imported more from Ethiopia than Iceland included United Arab Emirates ($314M), Saudi Arabia ($304M), and China ($402M).

In 2023, countries that imported more from Iceland than Ethiopia included Netherlands ($1.97B), Germany ($771M), and United Kingdom ($607M).

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

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 2023, Ethiopia had a large net trade with Iceland in the exports of Vegetable Products ($510k), Textiles ($75.8k), and Instruments ($38.5k).

During 2018, Iceland had a large net trade with Ethiopia in the exports of Animal and Vegetable Bi-Products ($147k), Machines ($4.24k), and Plastics and Rubbers ($1.68k).

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) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms