Iceland / India

Iceland-India Trade: In 2022, Iceland exported $4.74M to India. The main products that Iceland exported to India were Synthetic Coloring Matter ($1.95M), Sulfate Chemical Woodpulp ($1.06M), and Fish oil ($878k). Over the past 5 years the exports of Iceland to India have increased at an annualized rate of 1.89%, from $4.31M in 2017 to $4.74M in 2022.

In 2019, Iceland exported services to India worth $22.2M, with Travel ($13.1M), Transportation ($1.9M), and Government services, n.i.e. ($1.68M) being the largest in terms of value.

India-Iceland Trade: In 2022, India exported $142M to Iceland. The main products that India exported to Iceland were Refined Petroleum ($110M), Other Iron Bars ($3.83M), and Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($2.54M). Over the past 5 years the exports of India to Iceland have increased at an annualized rate of 48.9%,  from $19.5M in 2017 to $142M in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).