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2023
Flag → Flag
Exports $6.11MRnk 48 / 157
2023
Flag → Flag
Top Product $3.31MNon-fillet Frozen Fish
2023
Flag → Flag
Exports $45.9MRnk 124 / 213
2023
Flag → Flag
Top Product $25MAluminium Oxide
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 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$4,876CURRENT US$
Rnk 123 / 196
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Iceland-Indonesia Trade: In 2023, Iceland exported $6.11M to Indonesia. The main products that Iceland exported to Indonesia were Non-fillet Frozen Fish ($3.31M), Aluminium Foil ($2.6M), and Fish Oil ($57.4k). Over the past 5 years the exports of Iceland to Indonesia have increased at an annualized rate of 3.38%, from $5.17M in 2018 to $6.11M in 2023.

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 2023, Indonesia exported $45.9M to Iceland. The main products that Indonesia exported to Iceland were Aluminium Oxide ($25M), Wood Charcoal ($7.79M), and Computers ($2.08M). Over the past 5 years the exports of Indonesia to Iceland have increased at an annualized rate of 31.1%,  from $11.8M in 2018 to $45.9M in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $6.11M to Indonesia. The main products exported from Iceland to Indonesia were Non-fillet Frozen Fish ($3.31M), Aluminium Foil ($2.6M), and Fish Oil ($57.4k). During the last 5 years the exports of Iceland to Indonesia have increased at an annualized rate of 3.38%, from $5.17M in 2018 to $6.11M in 2023.

In 2018, Indonesia exported $45.9M to Iceland. The main products exported from Indonesia to Iceland were Aluminium Oxide ($25M), Wood Charcoal ($7.79M), and Computers ($2.08M). During the last 5 years the exports of Indonesia to Iceland have increased at an annualized rate of 31.1%, from $11.8M in 2023 to $45.9M in 2018.

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

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

Latest Data

Trade between Iceland (Flag) and Indonesia (Flag)

Iceland Exports

Indonesia Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Indonesia
Top DestinationChina$70.7B

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 2023, countries that imported more from Iceland than Indonesia included Greenland ($72.3M), Denmark ($228M), and Belarus ($34.6M).

In 2023, countries that imported more from Indonesia than Iceland included China ($70.7B), United States ($27.9B), and India ($24B).

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

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 2023, Iceland had a large net trade with Indonesia in the exports of Animal Products ($3.31M), Metals ($2.6M), and Machines ($64.7k).

During 2018, Indonesia had a large net trade with Iceland in the exports of Chemical Products ($25.5M), Wood Products ($8.05M), and Machines ($3.91M).

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) (2023)

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