2022
Flag  
GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH
88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP
$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH
43.7%CURRENT US$
Rnk 79 / 186
2022
Flag
GDP PC 
$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH
58.5%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC
$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH
30.5%CURRENT US$
Rnk 62 / 186

About

Iceland-Indonesia Trade: In 2022, Iceland exported $2.86M to Indonesia. The main products that Iceland exported to Indonesia were Aluminium Foil ($1.8M), Non-fillet Frozen Fish ($595k), and Non-fillet Fresh Fish ($136k). Over the past 5 years the exports of Iceland to Indonesia have increased at an annualized rate of 19.1%, from $1.19M in 2017 to $2.86M in 2022.

In 2019, Iceland exported services to Indonesia worth $3.81M, with Travel ($3.47M) and Transportation ($336k) being the largest in terms of value.

Indonesia-Iceland Trade: In 2022, Indonesia exported $43.4M to Iceland. The main products that Indonesia exported to Iceland were Aluminium Oxide ($24.3M), Wood Charcoal ($4M), and Other Electrical Machinery ($2.05M). Over the past 5 years the exports of Indonesia to Iceland have increased at an annualized rate of 37.6%,  from $8.8M in 2017 to $43.4M in 2022.

In 2022, Indonesia did not export any services to Iceland.

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $2.86M to Indonesia. The main products exported from Iceland to Indonesia were Aluminium Foil ($1.8M), Non-fillet Frozen Fish ($595k), and Non-fillet Fresh Fish ($136k). During the last 5 years the exports of Iceland to Indonesia have increased at an annualized rate of 19.1%, from $1.19M in 2017 to $2.86M in 2022.

In 2017, Indonesia exported $43.4M to Iceland. The main products exported from Indonesia to Iceland were Aluminium Oxide ($24.3M), Wood Charcoal ($4M), and Other Electrical Machinery ($2.05M). During the last 5 years the exports of Indonesia to Iceland have increased at an annualized rate of 37.6%, from $8.8M in 2022 to $43.4M in 2017.

Exports from Iceland (Flag) to Indonesia (Flag) (2022)

Exports from Indonesia (Flag) to Iceland (Flag) (2022)

Latest Data

Trade between Iceland (Flag) and Indonesia (Flag)

Iceland Exports

Indonesia Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Indonesia
Top Destination
China$67.7B

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

In 2022, countries that imported more from Iceland than Indonesia included Norway ($459M), Greenland ($28.2M), and Bahamas ($20.1M).

In 2022, countries that imported more from Indonesia than Iceland included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

Difference in imports from Indonesia (Flag) and Iceland (Flag) (2022)

Comparative Advantage Iceland - Indonesia

Flow
Scale

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

During 2022, Iceland had a large net trade with Indonesia in the exports of Metals ($1.8M), Animal Products ($730k), and Machines ($202k).

During 2017, Indonesia had a large net trade with Iceland in the exports of Chemical Products ($24.6M), Machines ($4.89M), and Wood Products ($4.38M).

Economic Complexity

Competitive Landscape

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

Product Space of Iceland (Flag) and Indonesia (Flag) (2022)

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