Finland / Iceland

Finland-Iceland Trade: In 2023, Finland exported $99.7M to Iceland. The main products that Finland exported to Iceland were Electrical Transformers ($7.03M), Plywood ($5.94M), and Delivery Trucks ($4.44M). Over the past 5 years the exports of Finland to Iceland have increased at an annualized rate of 4.15%, from $81.4M in 2018 to $99.7M in 2023.

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 2023, Iceland exported $29.8M to Finland. The main products that Iceland exported to Finland were Aluminium Wire ($10.5M), Other Edible Preparations ($2.81M), and Amino-resins ($2.75M). Over the past 5 years the exports of Iceland to Finland have increased at an annualized rate of 17%,  from $13.6M in 2018 to $29.8M in 2023.

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 2023,  Finland ranked 13 in the Economic Complexity Index (ECI 1.46),  and 45 in total exports ($84.3B). That same year, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.