Iceland / Estonia

Iceland-Estonia Trade: In 2022, Iceland exported $6.36M to Estonia. The main products that Iceland exported to Estonia were Refined Petroleum ($2.04M), Packaged Medicaments ($1.04M), and Non-fillet Frozen Fish ($938k). Over the past 5 years the exports of Iceland to Estonia have increased at an annualized rate of 12.4%, from $3.55M in 2017 to $6.36M in 2022.

In 2019, Iceland exported services to Estonia worth $8.62M, with Other business services ($4.7M), Travel ($2.91M), and Transportation ($672k) being the largest in terms of value.

Estonia-Iceland Trade: In 2022, Estonia exported $58.3M to Iceland. The main products that Estonia exported to Iceland were Crustaceans ($10.3M), Prefabricated Buildings ($7.18M), and Mixed Mineral or Chemical Fertilizers ($7.05M). Over the past 5 years the exports of Estonia to Iceland have increased at an annualized rate of 3.64%,  from $40.8M in 2017 to $58.3M in 2022.

In 2020, Estonia exported services to Iceland worth $4.45M, with Other business services ($1.83M), Personal, cultural, and recreational services ($1.03M), and Transportation ($457k) being the largest in terms of value.

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B). That same year, Estonia ranked 74 in total exports ($23.1B). Both countries does not have data related to Economic Complexity Index.