Iceland / South Korea

Iceland-South Korea Trade: In 2023, Iceland exported $19.6M to South Korea. The main products that Iceland exported to South Korea were Non-fillet Frozen Fish ($10.9M), Animal Meal and Pellets ($2.28M), and Scales ($1.15M). Over the past 5 years the exports of Iceland to South Korea have decreased at an annualized rate of 2.83%, from $22.6M in 2018 to $19.6M in 2023.

In 2019, Iceland exported services to South Korea worth $18.1M, with Travel ($16.6M) and Transportation ($1.57M) being the largest in terms of value.

South Korea-Iceland Trade: In 2023, South Korea exported $84.8M to Iceland. The main products that South Korea exported to Iceland were Cars ($56.3M), Rubber Tires ($4.22M), and Large Construction Vehicles ($3.29M). Over the past 5 years the exports of South Korea to Iceland have increased at an annualized rate of 2.91%,  from $73.5M in 2018 to $84.8M in 2023.

In 2023, South Korea did not export any services to Iceland.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).