2022
Flag  
GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH
88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP GROWTH
99%CURRENT US$
Rnk 14 / 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
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
Rnk 21 / 186

About

Iceland-Israel In 2022, Iceland exported $5.53M to Israel. The main products that Iceland exported to Israel are Processed Fish ($1.31M), Wood Pulp Lyes ($1.02M), and Knit Socks and Hosiery ($508k). During the last 27 years the exports of Iceland to Israel have increased at an annualized rate of 6.47%, from $1.02M in 1995 to $5.53M in 2022.

In 2012, Iceland exported services to Israel worth $17.6M, with Services not allocated ($9.27M), Travel ($7.92M), and Royalties and license fees ($255k) being the largest in terms of value.

Israel-Iceland In 2022, Israel exported $6.8M to Iceland. The main products that Israel exported to Iceland were Hair Products ($637k), Scrap Aluminium ($627k), and Magnesium ($536k). During the last 27 years the exports of Israel to Iceland have increased at an annualized rate of 7.19%, from $1.04M in 1995 to $6.8M in 2022.

In 2007, Israel exported services to Iceland worth $516k, with Computer and information services ($516k) 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, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $5.53M to Israel. The main products exported from Iceland to Israel were Processed Fish ($1.31M), Wood Pulp Lyes ($1.02M), and Knit Socks and Hosiery ($508k). During the last 27 years the exports of Iceland to Israel have increased at an annualized rate of 6.47%, from $1.02M in 1995 to $5.53M in 2022.

In 2022, Israel exported $6.8M to Iceland. The main products exported from Israel to Iceland were Hair Products ($637k), Scrap Aluminium ($627k), and Magnesium ($536k). During the last 27 years the exports of Israel to Iceland have increased at an annualized rate of 7.19%, from $1.04M in 1995 to $6.8M in 2022.

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

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

Latest Data

Trade between Iceland (Flag) and Israel (Flag)

Iceland Exports

Israel Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Israel
Top Destination
United States$20.3B

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

In 2021, countries that imported more from Iceland than Israel were Norway ($459M), Denmark ($257M), and Greenland ($28.2M).

In 2021, countries that imported more from Israel than Iceland were United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

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

Comparative Advantage Iceland - Israel

Flow
Scale

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

During 2022, Iceland had a large net trade with Israel in the exports of Foodstuffs ($1.47M), Chemical Products ($1.34M), and Animal Products ($627k).

During 2022, Israel had a large net trade with Iceland in the exports of Chemical Products ($1.51M), Metals ($1.42M), and Machines ($1.25M).

Service Trade

Bilateral Service Trade

Isr Year

In 2012, Iceland exported services to Israel worth $17.6M, with Services not allocated ($9.27M), Travel ($7.92M), and Royalties and license fees ($255k) being the largest in terms of value.

In 2007, Israel exported services to Iceland worth $516k, with Computer and information services ($516k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland (Flag) to Israel (Flag) (2012)

Services Exports from Israel (Flag) to Iceland (Flag) (2007)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Iceland has comparative advantage over Israel. Similarly, the more yellow a dot/product is, the more Israel has comparative advantage over Iceland.

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with