Finland / Iceland

Finland-Iceland Trade: In 2022, Finland exported $88.4M to Iceland. The main products that Finland exported to Iceland were Mixed Mineral or Chemical Fertilizers ($8.65M), Plywood ($6.58M), and Rubber Tires ($3.94M). Over the past 5 years the exports of Finland to Iceland have increased at an annualized rate of 5.86%, from $66.5M in 2017 to $88.4M in 2022.

In 2020, Finland exported services to Iceland worth $3.43M, with Transportation ($1.14M), Royalties and license fees ($1.14M), and Other business services ($1.14M) being the largest in terms of value.

Iceland-Finland Trade: In 2022, Iceland exported $29.1M to Finland. The main products that Iceland exported to Finland were Ferroalloys ($10.3M), Amino-resins ($3.82M), and Aluminium Wire ($3.42M). Over the past 5 years the exports of Iceland to Finland have increased at an annualized rate of 28.8%,  from $8.19M in 2017 to $29.1M in 2022.

In 2019, Iceland exported services to Finland worth $50.8M, with Travel ($23.5M), Transportation ($21.7M), and Computer and information services ($2.57M) being the largest in terms of value.

Comparison In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41),  and 46 in total exports ($89.9B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.