Iceland / Australia

Iceland-Australia Trade: In 2022, Iceland exported $38.9M to Australia. The main products that Iceland exported to Australia were Raw Aluminium ($32.4M), Harvesting Machinery ($1.79M), and Orthopedic Appliances ($823k). Over the past 5 years the exports of Iceland to Australia have increased at an annualized rate of 9.26%, from $25M in 2017 to $38.9M in 2022.

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 2022, Australia exported $282M to Iceland. The main products that Australia exported to Iceland were Aluminium Oxide ($273M), Delivery Trucks ($3.86M), and Wine ($755k). Over the past 5 years the exports of Australia to Iceland have increased at an annualized rate of 1.8%,  from $212M in 2017 to $282M in 2022.

In 2022, Australia 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, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).