Iceland / Australia

Iceland-Australia Trade: In 2023, Iceland exported $39.3M to Australia. The main products that Iceland exported to Australia were Raw Aluminium ($24.6M), Orthopedic Appliances ($5.49M), and Medical Instruments ($1.3M). Over the past 5 years the exports of Iceland to Australia have increased at an annualized rate of 7.77%, from $27M in 2018 to $39.3M in 2023.

In 2019, Iceland exported services to Australia worth $83.2M, with Travel ($45.2M), Computer and information services ($32.8M), and Transportation ($3.92M) being the largest in terms of value.

Australia-Iceland Trade: In 2023, Australia exported $226M to Iceland. The main products that Australia exported to Iceland were Aluminium Oxide ($219M), Wine ($934k), and Hydrogen ($905k). Over the past 5 years the exports of Australia to Iceland have decreased at an annualized rate of 7.86%,  from $340M in 2018 to $226M in 2023.

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

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).