Iceland / Austria

Iceland-Austria Trade: In 2023, Iceland exported $89.2M to Austria. The main products that Iceland exported to Austria were Raw Aluminium ($76.3M), Hydrogen ($3.36M), and Fish Fillets ($2.96M). Over the past 5 years the exports of Iceland to Austria have decreased at an annualized rate of 0.35%, from $90.8M in 2018 to $89.2M in 2023.

In 2019, Iceland exported services to Austria worth $34.1M, with Travel ($25.9M), Computer and information services ($4.81M), and Transportation ($2.46M) being the largest in terms of value.

Austria-Iceland Trade: In 2023, Austria exported $98.6M to Iceland. The main products that Austria exported to Iceland were Electric Furnaces ($13.3M), Wood Carpentry ($8.34M), and Micro-Organism Culture Preparations ($7.94M). Over the past 5 years the exports of Austria to Iceland have increased at an annualized rate of 17%,  from $44.9M in 2018 to $98.6M in 2023.

In 2020, Austria exported services to Iceland worth $16M, with Travel ($6.85M), Construction services ($3.43M), and Communications services ($2.28M) being the largest in terms of value.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).