Iceland (ISL) and Finland (FIN) Trade | The Observatory of Economic Complexity

Iceland-Finland Trade: In 2022, Iceland exported $29.1M to Finland. The main products that Iceland exported to Finland were N/A. Over the past 5 years the exports of Iceland to Finland have increased at an annualized rate of 28.8%, from $8.19M in 2017 to $29.1M in 2022.

In 2019, Iceland exported services to Finland worth $50.8M, with Travel ($23.5M), Transportation ($21.7M), and Computer and information services ($2.57M) being the largest in terms of value.

Finland-Iceland Trade: In 2022, Finland exported $88.4M to Iceland. The main products that Finland exported to Iceland were Mixed Mineral or Chemical Fertilizers ($8.65M), Plywood ($6.58M), and Rubber Tires ($3.94M). Over the past 5 years the exports of Finland to Iceland have increased at an annualized rate of 5.86%, from $66.5M in 2017 to $88.4M in 2022.

In 2020, Finland exported services to Iceland worth $3.43M, with Transportation ($1.14M), Royalties and license fees ($1.14M), and Other business services ($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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Latest Data

Trade between Iceland () and Finland ()

Iceland Exports

Date

Finland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Iceland than Finland included Greenland ($28.2M), Bahamas ($20.1M), and Wallis and Futuna ($3.54M).

In 2022, countries that imported more from Finland than Iceland included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

Difference in imports from Finland () and Iceland () (2022)

Bilateral Service Trade

Fin Year

Isl Year

In 2019, Iceland exported services to Finland worth $50.8M, with Travel ($23.5M), Transportation ($21.7M), and Computer and information services ($2.57M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland () to Finland () (2019)

Services Exports from Finland () to Iceland () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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