Iceland / Ireland

Iceland-Ireland Trade: In 2022, Iceland exported $41M to Ireland. The main products that Iceland exported to Ireland were Other Processed Fruits and Nuts ($11.7M), Gravel and Crushed Stone ($10.5M), and Planes, Helicopters, and/or Spacecraft ($7.45M). Over the past 5 years the exports of Iceland to Ireland have increased at an annualized rate of 16.8%, from $18.8M in 2017 to $41M in 2022.

In 2019, Iceland exported services to Ireland worth $34.5M, with Travel ($17.6M), Transportation ($6.83M), and Computer and information services ($6.27M) being the largest in terms of value.

Ireland-Iceland Trade: In 2022, Ireland exported $160M to Iceland. The main products that Ireland exported to Iceland were Planes, Helicopters, and/or Spacecraft ($90.6M), Aluminium Oxide ($30.3M), and Other Edible Preparations ($4.16M). Over the past 5 years the exports of Ireland to Iceland have increased at an annualized rate of 12.6%,  from $88.2M in 2017 to $160M in 2022.

In 2020, Ireland exported services to Iceland worth $42.3M, with Other business services ($21.7M), Financial services ($19.4M), and Insurance 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).