Indonesia (IDN) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Indonesia-Iceland Trade: In 2022, Indonesia exported $43.4M to Iceland. The main products that Indonesia exported to Iceland were Aluminium Oxide ($24.3M), Wood Charcoal ($4M), and Other Electrical Machinery ($2.05M). Over the past 5 years the exports of Indonesia to Iceland have increased at an annualized rate of 37.6%, from $8.8M in 2017 to $43.4M in 2022.

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

Iceland-Indonesia Trade: In 2022, Iceland exported $2.86M to Indonesia. The main products that Iceland exported to Indonesia were Aluminium Foil ($1.8M), Non-fillet Frozen Fish ($595k), and Non-fillet Fresh Fish ($136k). Over the past 5 years the exports of Iceland to Indonesia have increased at an annualized rate of 19.1%, from $1.19M in 2017 to $2.86M in 2022.

In 2019, Iceland exported services to Indonesia worth $3.81M, with Travel ($3.47M) and Transportation ($336k) being the largest in terms of value.

Comparison In 2022, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Indonesia exported $43.4M to Iceland. The main products exported from Indonesia to Iceland were Aluminium Oxide ($24.3M), Wood Charcoal ($4M), and Other Electrical Machinery ($2.05M). During the last 5 years the exports of Indonesia to Iceland have increased at an annualized rate of 37.6%, from $8.8M in 2017 to $43.4M in 2022.

In 2017, Iceland exported $2.86M to Indonesia. The main products exported from Iceland to Indonesia were Aluminium Foil ($1.8M), Non-fillet Frozen Fish ($595k), and Non-fillet Fresh Fish ($136k). During the last 5 years the exports of Iceland to Indonesia have increased at an annualized rate of 19.1%, from $1.19M in 2022 to $2.86M in 2017.

Exports from Indonesia () to Iceland () (2022)

Exports from Iceland () to Indonesia () (2022)

Latest Data

Trade between Indonesia () and Iceland ()

Indonesia Exports

Date

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$67.7B

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Indonesia than Iceland included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

In 2022, countries that imported more from Iceland than Indonesia included Norway ($459M), Greenland ($28.2M), and Bahamas ($20.1M).

Difference in imports from Iceland () and Indonesia () (2022)

Comparative Advantage Indonesia - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Indonesia had a large net trade with Iceland in the exports of Chemical Products ($24.6M), Machines ($4.89M), and Wood Products ($4.38M).

During 2017, Iceland had a large net trade with Indonesia in the exports of Metals ($1.8M), Animal Products ($730k), and Machines ($202k).

Bilateral Service Trade

Isl Year

In 2019, Iceland exported services to Indonesia worth $3.81M, with Travel ($3.47M) and Transportation ($336k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland () to Indonesia () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Iceland () (2022)

Exports from Iceland () to Indonesia () (2022)

Latest Data

Trade between Indonesia () and Iceland ()

Indonesia Exports

Iceland Exports

Market Competitiveness

Difference in imports from Iceland () and Indonesia () (2022)

Comparative Advantage Indonesia - Iceland

Bilateral Service Trade

Services Exports from Iceland () to Indonesia () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Indonesia () and Iceland () (2022)

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