Iceland / Italy

Iceland-Italy Trade: In 2022, Iceland exported $43.8M to Italy. The main products that Iceland exported to Italy were Dried/Salted/Smoked/Brined Fish ($13.9M), Aluminium Foil ($9.33M), and Refined Petroleum ($5.88M). Over the past 5 years the exports of Iceland to Italy have decreased at an annualized rate of 1.02%, from $46.1M in 2017 to $43.8M in 2022.

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 2022, Italy exported $185M to Iceland. The main products that Italy exported to Iceland were Aluminium Foil ($25.4M), Wine ($8.3M), and Cars ($7.61M). Over the past 5 years the exports of Italy to Iceland have increased at an annualized rate of 2.3%,  from $165M in 2017 to $185M in 2022.

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 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).