Iceland / Luxembourg

Iceland-Luxembourg Trade: In 2023, Iceland exported $7.19M to Luxembourg. The main products that Iceland exported to Luxembourg were Raw Aluminium ($3.39M), Fish Fillets ($3.04M), and Non-fillet Fresh Fish ($253k). Over the past 5 years the exports of Iceland to Luxembourg have decreased at an annualized rate of 20.4%, from $22.5M in 2018 to $7.19M in 2023.

In 2019, Iceland exported services to Luxembourg worth $22.9M, with Computer and information services ($9.74M), Travel ($5.93M), and Communications services ($3.02M) being the largest in terms of value.

Luxembourg-Iceland Trade: In 2023, Luxembourg exported $4.53M to Iceland. The main products that Luxembourg exported to Iceland were Aluminium Bars ($1.26M), Semi-Finished Iron ($725k), and Cellulose Fibers Paper ($526k). Over the past 5 years the exports of Luxembourg to Iceland have decreased at an annualized rate of 11.5%,  from $8.35M in 2018 to $4.53M in 2023.

In 2020, Luxembourg exported services to Iceland worth $10.3M, with Other business services ($10.3M) being the largest in terms of value.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B). That same year, Luxembourg ranked 82 in total exports ($18.9B). Both countries does not have data related to Economic Complexity Index.