Iceland / South Korea

Iceland-South Korea Trade: In 2022, Iceland exported $27.9M to South Korea. The main products that Iceland exported to South Korea were Non-fillet Frozen Fish ($13.2M), Processed Fish ($8.53M), and Other Edible Preparations ($1.22M). Over the past 5 years the exports of Iceland to South Korea have decreased at an annualized rate of 2.43%, from $31.5M in 2017 to $27.9M in 2022.

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 2022, South Korea exported $63.9M to Iceland. The main products that South Korea exported to Iceland were Cars ($39.9M), Large Construction Vehicles ($2.6M), and Engine Parts ($2.31M). Over the past 5 years the exports of South Korea to Iceland have decreased at an annualized rate of 2.27%,  from $71.7M in 2017 to $63.9M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).