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2022
Flag → Flag
Exports $2.91MRnk 56 / 160
2022
Flag → Flag
Top Product $1.12MOther Sea Vessels
2022
Flag → Flag
Exports $22.8MRnk 145 / 219
2022
Flag → Flag
Top Product $17.7MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.24Rnk 53 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
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 GDP$508BCURRENT US$
Rnk 28 / 186
2012-2022
Flag
GDP GROWTH32%CURRENT US$
Rnk 93 / 186
2022
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GDP PC $72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186
2022
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GDP PC$53,758CURRENT US$
Rnk 16 / 186
2012-2022
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GDP PC GROWTH21.1%CURRENT US$
Rnk 81 / 186

About

Iceland-United Arab Emirates Trade: In 2022, Iceland exported $2.91M to United Arab Emirates. The main products that Iceland exported to United Arab Emirates were Other Sea Vessels ($1.12M), Packaged Medicaments ($632k), and Water ($178k). Over the past 5 years the exports of Iceland to United Arab Emirates have decreased at an annualized rate of 5.59%, from $3.88M in 2017 to $2.91M in 2022.

In 2022, Iceland did not export any services to United Arab Emirates.

United Arab Emirates-Iceland Trade: In 2022, United Arab Emirates exported $22.8M to Iceland. The main products that United Arab Emirates exported to Iceland were Refined Petroleum ($17.7M), Aluminium Bars ($2.36M), and Large Construction Vehicles ($684k). Over the past 5 years the exports of United Arab Emirates to Iceland have increased at an annualized rate of 70.3%,  from $1.59M in 2017 to $22.8M in 2022.

In 2022, United Arab Emirates did not export any services to Iceland.

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, United Arab Emirates ranked 53 in the Economic Complexity Index (ECI 0.24), and 18 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $2.91M to United Arab Emirates. The main products exported from Iceland to United Arab Emirates were Other Sea Vessels ($1.12M), Packaged Medicaments ($632k), and Water ($178k). During the last 5 years the exports of Iceland to United Arab Emirates have decreased at an annualized rate of 5.59%, from $3.88M in 2017 to $2.91M in 2022.

In 2017, United Arab Emirates exported $22.8M to Iceland. The main products exported from United Arab Emirates to Iceland were Refined Petroleum ($17.7M), Aluminium Bars ($2.36M), and Large Construction Vehicles ($684k). During the last 5 years the exports of United Arab Emirates to Iceland have increased at an annualized rate of 70.3%, from $1.59M in 2022 to $22.8M in 2017.

Exports from Iceland (Flag) to United Arab Emirates (Flag) (2022)

Exports from United Arab Emirates (Flag) to Iceland (Flag) (2022)

Latest Data

Trade between Iceland (Flag) and United Arab Emirates (Flag)

Iceland Exports

United Arab Emirates Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
United Arab Emirates
Top DestinationIndia$51B

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

In 2022, countries that imported more from Iceland than United Arab Emirates included Denmark ($257M), Norway ($459M), and Portugal ($95M).

In 2022, countries that imported more from United Arab Emirates than Iceland included India ($51B), Japan ($40.9B), and China ($32.5B).

Difference in imports from United Arab Emirates (Flag) and Iceland (Flag) (2022)

Comparative Advantage Iceland - United Arab Emirates

Flow
Scale

This chart compares trade between Iceland and United Arab Emirates by product, considering products traded by both, Iceland and United Arab Emirates.

During 2022, Iceland had a large net trade with United Arab Emirates in the exports of Transportation ($1.12M), Chemical Products ($801k), and Foodstuffs ($210k).

During 2017, United Arab Emirates had a large net trade with Iceland in the exports of Mineral Products ($17.7M), Metals ($3M), and Machines ($885k).

Economic Complexity

Competitive Landscape

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

Product Space of Iceland (Flag) and United Arab Emirates (Flag) (2022)

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