2022
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GDP
$219BCURRENT US$
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2012-2022
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GDP GROWTH
-9.49%CURRENT US$
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2022
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 GDP
$27.8BCURRENT US$
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2012-2022
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GDP GROWTH
88.7%CURRENT US$
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2022
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GDP PC 
$20,732CURRENT US$
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2012-2022
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GDP PC GROWTH
-5.39%CURRENT US$
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2022
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GDP PC
$72,903CURRENT US$
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2012-2022
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GDP PC GROWTH
58.5%CURRENT US$
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About

Greece-Iceland In 2022, Greece exported $7.53M to Iceland. The main products that Greece exported to Iceland are Lifting Machinery ($611k), Insulated Wire ($551k), and Other Edible Preparations ($525k). During the last 27 years the exports of Greece to Iceland have increased at an annualized rate of 5.81%, from $1.64M in 1995 to $7.53M in 2022.

In 2020, Greece exported services to Iceland worth $800k, with Transportation ($343k), Travel ($228k), and Personal, cultural, and recreational services ($114k) being the largest in terms of value.

Iceland-Greece In 2022, Iceland exported $13.4M to Greece. The main products that Iceland exported to Greece were Animal Meal and Pellets ($3.87M), Fish oil ($3.34M), and Fish: dried, salted, smoked or in brine ($2.37M). During the last 27 years the exports of Iceland to Greece have increased at an annualized rate of 0.041%, from $13.2M in 1995 to $13.4M in 2022.

In 2019, Iceland exported services to Greece worth $8.84M, with Travel ($4.81M), Transportation ($3.02M), and Royalties and license fees ($560k) being the largest in terms of value.

Comparison In 2022,  Greece ranked 50 in the Economic Complexity Index (ECI 0.33),  and 57 in total exports ($55.7B). 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, Greece exported $7.53M to Iceland. The main products exported from Greece to Iceland were Lifting Machinery ($611k), Insulated Wire ($551k), and Other Edible Preparations ($525k). During the last 27 years the exports of Greece to Iceland have increased at an annualized rate of 5.81%, from $1.64M in 1995 to $7.53M in 2022.

In 2022, Iceland exported $13.4M to Greece. The main products exported from Iceland to Greece were Animal Meal and Pellets ($3.87M), Fish oil ($3.34M), and Fish: dried, salted, smoked or in brine ($2.37M). During the last 27 years the exports of Iceland to Greece have increased at an annualized rate of 0.041%, from $13.2M in 1995 to $13.4M in 2022.

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

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

Latest Data

Trade between Greece (Flag) and Iceland (Flag)

Greece Exports

Iceland Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
Iceland
Top Destination
Netherlands$1.97B

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

In 2021, countries that imported more from Greece than Iceland were Italy ($5.82B), Bulgaria ($3.62B), and Cyprus ($2.92B).

In 2021, countries that imported more from Iceland than Greece were Netherlands ($1.97B), Norway ($459M), and Denmark ($257M).

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

Comparative Advantage Greece - Iceland

Flow
Scale

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

During 2022, Greece had a large net trade with Iceland in the exports of Machines ($2.76M), Foodstuffs ($1.08M), and Metals ($836k).

During 2022, Iceland had a large net trade with Greece in the exports of Animal Products ($5.17M), Foodstuffs ($3.94M), and Animal and Vegetable Bi-Products ($3.34M).

Service Trade

Bilateral Service Trade

In 2020, Greece exported services to Iceland worth $800k, with Transportation ($343k), Travel ($228k), and Personal, cultural, and recreational services ($114k) being the largest in terms of value.

In 2019, Iceland exported services to Greece worth $8.84M, with Travel ($4.81M), Transportation ($3.02M), and Royalties and license fees ($560k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Greece (Flag) to Iceland (Flag) (2020)

Services Exports from Iceland (Flag) to Greece (Flag) (2019)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Greece has comparative advantage over Iceland. Similarly, the more yellow a dot/product is, the more Iceland has comparative advantage over Greece.

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

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