Iceland / Germany

Iceland-Germany Trade: In 2022, Iceland exported $573M to Germany. The main products that Iceland exported to Germany were Raw Aluminium ($229M), Ferroalloys ($88.7M), and Fish Fillets ($62.4M). Over the past 5 years the exports of Iceland to Germany have decreased at an annualized rate of 0.8%, from $596M in 2017 to $573M in 2022.

In 2019, Iceland exported services to Germany worth $352M, with Travel ($205M), Transportation ($111M), and Computer and information services ($17.7M) being the largest in terms of value.

Germany-Iceland Trade: In 2022, Germany exported $743M to Iceland. The main products that Germany exported to Iceland were Cars ($125M), Delivery Trucks ($14M), and Trailers and semi-trailers, not mechanically propelled vehicles ($13.3M). Over the past 5 years the exports of Germany to Iceland have increased at an annualized rate of 0.57%,  from $722M in 2017 to $743M in 2022.

In 2020, Germany exported services to Iceland worth $46.8M, with Transportation ($29.7M), Other business services ($10.3M), and Computer and information services ($5.71M) 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, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).