Iceland / Italy

Iceland-Italy Trade: In 2023, Iceland exported $46.1M to Italy. The main products that Iceland exported to Italy were Vaccines, blood, antisera, toxins and cultures ($12.3M), Dried/Salted/Smoked/Brined Fish ($12M), and Aluminium Foil ($9.64M). Over the past 5 years the exports of Iceland to Italy have increased at an annualized rate of 2.63%, from $40.5M in 2018 to $46.1M in 2023.

In 2019, Iceland exported services to Italy worth $73.9M, with Travel ($60.9M), Transportation ($10.6M), and Royalties and license fees ($784k) being the largest in terms of value.

Italy-Iceland Trade: In 2023, Italy exported $256M to Iceland. The main products that Italy exported to Iceland were Aluminium Foil ($23.1M), Wine ($11.1M), and Cars ($8.54M). Over the past 5 years the exports of Italy to Iceland have increased at an annualized rate of 3.56%,  from $215M in 2018 to $256M in 2023.

In 2020, Italy exported services to Iceland worth $5.6M, with Travel ($3.88M), Computer and information services ($1.26M), and Other business services ($228k) being the largest in terms of value.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).