Iran (IRN) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Iran-Iceland Trade: In 2023, Iran exported $791k to Iceland. The main products that Iran exported to Iceland were Styrene Polymers ($440k), Tropical Fruits ($241k), and Vegetable Saps ($29.6k). Over the past 5 years the exports of Iran to Iceland have increased at an annualized rate of 5.07%, from $618k in 2018 to $791k in 2023.

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

Iceland-Iran Trade: In 2023, Iceland exported $844k to Iran. The main products that Iceland exported to Iran were N/A. Over the past 5 years the exports of Iceland to Iran have decreased at an annualized rate of 7.1%, from $1.22M in 2018 to $844k in 2023.

In 2012, Iceland exported services to Iran worth $89.7k, with Services not allocated ($48.8k), Other business services ($33k), and Travel ($7.92k) being the largest in terms of value.

Comparison In 2023, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iran exported $791k to Iceland. The main products exported from Iran to Iceland were Styrene Polymers ($440k), Tropical Fruits ($241k), and Vegetable Saps ($29.6k). During the last 5 years the exports of Iran to Iceland have increased at an annualized rate of 5.07%, from $618k in 2018 to $791k in 2023.

In 2017, Iceland exported $844k to Iran. There were not main exports from Iceland to Iran in 2017. During the last 5 years the exports of Iceland to Iran have decreased at an annualized rate of 7.1%, from $1.22M in 2022 to $844k in 2017.

Exports from Iran () to Iceland () (2023)

Exports from Iceland () to Iran () (2023)

Latest Data

Trade between Iran () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$4.59B

Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from Iran than Iceland included China ($4.59B), Turkey ($2.18B), and India ($1.02B).

In 2023, countries that imported more from Iceland than Iran included Netherlands ($1.97B), United States ($735M), and United Kingdom ($607M).

Difference in imports from Iceland () and Iran () (2023)

Comparative Advantage Iran - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iran had a large net trade with Iceland in the exports of Plastics and Rubbers ($440k), Vegetable Products ($313k), and Foodstuffs ($31.1k).

During 2017, Iceland had a large net trade with Iran in the exports of .

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Iran () to Iceland () (2023)

Exports from Iceland () to Iran () (2023)

Latest Data

Trade between Iran () and Iceland ()

Iceland Exports

Market Competitiveness

Difference in imports from Iceland () and Iran () (2023)

Comparative Advantage Iran - Iceland

Economic Complexity

Competitive Landscape

Product Space of Iran () and Iceland () (2023)

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