Iceland (ISL) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Iceland-Iran Trade: In 2021, Iceland exported $200k to Iran. The main products that Iceland exported to Iran were N/A. Over the past 5 years the exports of Iceland to Iran have decreased at an annualized rate of 14.3%, from $433k in 2016 to $200k in 2021.

In 2012, Iceland exported services to Iran worth $89.7k, with Services not allocated ($48.8k), Other business services ($33k), and Travel ($7.92k) being the largest in terms of value.

Iran-Iceland Trade: In 2021, Iran exported $845k to Iceland. The main products that Iran exported to Iceland were Styrene Polymers ($342k), Tropical Fruits ($191k), and Vegetable Saps ($87.2k). Over the past 5 years the exports of Iran to Iceland have increased at an annualized rate of 2.93%, from $710k in 2016 to $845k in 2021.

In 2021, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Iceland exported $200k to Iran. There were not main exports from Iceland to Iran in 2021. During the last 5 years the exports of Iceland to Iran have decreased at an annualized rate of 14.3%, from $433k in 2016 to $200k in 2021.

In 2017, Iran exported $845k to Iceland. The main products exported from Iran to Iceland were Styrene Polymers ($342k), Tropical Fruits ($191k), and Vegetable Saps ($87.2k). During the last 5 years the exports of Iran to Iceland have increased at an annualized rate of 2.93%, from $710k in 2022 to $845k in 2017.

Exports from Iceland () to Iran () (2022)

Exports from Iran () to Iceland () (2022)

Latest Data

Trade between Iceland () and Iran ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Iran
Top DestinationChina$5.72B

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

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

In 2022, countries that imported more from Iran than Iceland included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

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

Comparative Advantage Iceland - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Iceland had a large net trade with Iran in the exports of .

During 2017, Iran had a large net trade with Iceland in the exports of Vegetable Products ($344k), Plastics and Rubbers ($342k), and Mineral Products ($64.6k).

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Iceland () to Iran () (2022)

Exports from Iran () to Iceland () (2022)

Latest Data

Trade between Iceland () and Iran ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Iceland - Iran

Economic Complexity

Competitive Landscape

Product Space of Iceland () and Iran () (2022)

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