Iceland (ISL) and Micronesia (FSM) Trade | The Observatory of Economic Complexity

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Iceland-Micronesia Trade: In 2016, Iceland exported $2.95k to Micronesia. The main products that Iceland exported to Micronesia were N/A. Over the past 8 years the exports of Iceland to Micronesia have increased at an annualized rate of 1.42%, from $2.63k in 2008 to $2.95k in 2016.

In 2016, Iceland did not export any services to Micronesia.

Micronesia-Iceland In false, Micronesia did not export any products to Iceland.

In 2016, Micronesia did not export any services to Iceland.

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B). That same year, Micronesia ranked 191 in total exports ($183M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2016, Iceland exported $2.95k to Micronesia. There were not main exports from Iceland to Micronesia in 2016. During the last 8 years the exports of Iceland to Micronesia have increased at an annualized rate of 1.42%, from $2.63k in 2008 to $2.95k in 2016.

Micronesia does not register exports to Iceland.

Exports from Iceland () to Micronesia () (2016)

Exports from Micronesia () to Iceland () (2016)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Micronesia
Top DestinationThailand$143M

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

In 2022, countries that imported more from Iceland than Micronesia included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

In 2022, countries that imported more from Micronesia than Iceland included Thailand ($143M), Philippines ($22.7M), and Ecuador ($3.47M).

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

Comparative Advantage Iceland - Micronesia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2016, Iceland had a large net trade with Micronesia in the exports of .

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Iceland () to Micronesia () (2016)

Exports from Micronesia () to Iceland () (2016)

Market Competitiveness

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

Comparative Advantage Iceland - Micronesia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iceland () and Micronesia () (2016)

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