Iceland / Belgium

Iceland-Belgium Trade: In 2022, Iceland exported $88.1M to Belgium. The main products that Iceland exported to Belgium were Fish Fillets ($51.4M), Raw Aluminium ($27.3M), and Hydrogen ($2.15M). Over the past 5 years the exports of Iceland to Belgium have decreased at an annualized rate of 0.87%, from $92.1M in 2017 to $88.1M in 2022.

In 2019, Iceland exported services to Belgium worth $68.6M, with Travel ($34.8M), Transportation ($28.7M), and Computer and information services ($2.13M) being the largest in terms of value.

Belgium-Iceland Trade: In 2022, Belgium exported $150M to Iceland. The main products that Belgium exported to Iceland were Cars ($32.3M), Refined Petroleum ($5.92M), and Vaccines, blood, antisera, toxins and cultures ($4.83M). Over the past 5 years the exports of Belgium to Iceland have increased at an annualized rate of 8.87%,  from $98.1M in 2017 to $150M in 2022.

In 2020, Belgium exported services to Iceland worth $64M, with Other business services ($51.4M), Transportation ($9.14M), and Travel ($1.14M) being the largest in terms of value.

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).