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2023
Flag → Flag
Exports $6.95MRnk 46 / 157
2023
Flag → Flag
Top Product $5.64MNon-fillet Frozen Fish
2023
Flag → Flag
Exports $4.1MRnk 142 / 185
2023
Flag → Flag
Top Product $476kGrapes
2023
Flag
Economic Complexity (ECI) ECI -0.11Rnk 66 / 132
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$396BCURRENT US$
Rnk 38 / 195
2013-2023
Flag
GDP GROWTH37.3%CURRENT US$
Rnk 99 / 195
2023
Flag
GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC$3,457CURRENT US$
Rnk 139 / 196
2013-2023
Flag
GDP PC GROWTH14.3%CURRENT US$
Rnk 121 / 195

About

Iceland-Egypt Trade: In 2023, Iceland exported $6.95M to Egypt. The main products that Iceland exported to Egypt were Non-fillet Frozen Fish ($5.64M), Fish Oil ($1.18M), and Animal Organs ($62.5k). Over the past 5 years the exports of Iceland to Egypt have decreased at an annualized rate of 8.66%, from $10.9M in 2018 to $6.95M in 2023.

In 2019, Iceland exported services to Egypt worth $560k, with Travel ($560k) being the largest in terms of value.

Egypt-Iceland Trade: In 2023, Egypt exported $4.1M to Iceland. The main products that Egypt exported to Iceland were Grapes ($476k), Other Fruits ($372k), and Non-Knit Men's Suits ($296k). Over the past 5 years the exports of Egypt to Iceland have decreased at an annualized rate of 8.28%,  from $6.31M in 2018 to $4.1M in 2023.

In 2023, Egypt 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, Egypt ranked 66 in the Economic Complexity Index (ECI -0.11), and 58 in total exports ($51.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $6.95M to Egypt. The main products exported from Iceland to Egypt were Non-fillet Frozen Fish ($5.64M), Fish Oil ($1.18M), and Animal Organs ($62.5k). During the last 5 years the exports of Iceland to Egypt have decreased at an annualized rate of 8.66%, from $10.9M in 2018 to $6.95M in 2023.

In 2018, Egypt exported $4.1M to Iceland. The main products exported from Egypt to Iceland were Grapes ($476k), Other Fruits ($372k), and Non-Knit Men's Suits ($296k). During the last 5 years the exports of Egypt to Iceland have decreased at an annualized rate of 8.28%, from $6.31M in 2023 to $4.1M in 2018.

Exports from Iceland (Flag) to Egypt (Flag) (2023)

Exports from Egypt (Flag) to Iceland (Flag) (2023)

Latest Data

Trade between Iceland (Flag) and Egypt (Flag)

Iceland Exports

Egypt Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Egypt
Top DestinationSaudi Arabia$5.31B

This map shows whether countries import more from Iceland or Egypt. Each country is colored based on the difference in imports they receive from Iceland and Egypt or the difference in the growth in imports.

In 2023, countries that imported more from Iceland than Egypt included Netherlands ($1.97B), Norway ($444M), and Denmark ($228M).

In 2023, countries that imported more from Egypt than Iceland included Saudi Arabia ($5.31B), Turkey ($4.63B), and Italy ($2.9B).

Difference in imports from Egypt (Flag) and Iceland (Flag) (2023)

Comparative Advantage Iceland - Egypt

Flow
Scale

This chart compares trade between Iceland and Egypt by product, considering products traded by both, Iceland and Egypt.

During 2023, Iceland had a large net trade with Egypt in the exports of Animal Products ($5.7M), Animal and Vegetable Bi-Products ($1.18M), and Machines ($26.6k).

During 2018, Egypt had a large net trade with Iceland in the exports of Vegetable Products ($1.68M), Textiles ($1.19M), and Stone And Glass ($341k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Iceland and Egypt. This means that a dot/product with the flag of Iceland indicates it has a comparative advantage over Egypt. Similarly, a dot/product with the flag of Egypt indicates it has a comparative advantage over Iceland.

Product Space of Iceland (Flag) and Egypt (Flag) (2023)

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