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2023
Flag → Flag
Exports $201kRnk 103 / 157
2023
Flag → Flag
Top Product $106kDried/Salted/Smoked/Brined Fish
2023
Flag → Flag
Exports $47.8kRnk 73 / 123
2023
Flag → Flag
Top Product $15.5kKnit Men's Undergarments
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$45.8BCURRENT US$
Rnk 95 / 195
2013-2023
Flag
GDP GROWTH-11.1%CURRENT US$
Rnk 182 / 195
2023
Flag
GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC$67,477CURRENT US$
Rnk 15 / 196
2013-2023
Flag
GDP PC GROWTH-22.5%CURRENT US$
Rnk 181 / 195

About

Iceland-Macau Trade: In 2023, Iceland exported $201k to Macau. The main products that Iceland exported to Macau were Dried/Salted/Smoked/Brined Fish ($106k), Fish Fillets ($35.5k), and Beauty Products ($32.1k). Over the past 5 years the exports of Iceland to Macau have decreased at an annualized rate of 3.12%, from $235k in 2018 to $201k in 2023.

In 2023, Iceland did not export any services to Macau.

Macau-Iceland Trade: In 2023, Macau exported $47.8k to Iceland. The main products that Macau exported to Iceland were Knit Men's Undergarments ($15.5k), Knit Sweaters ($12.2k), and Knit T-shirts ($6.27k). Over the past 5 years the exports of Macau to Iceland have increased at an annualized rate of 49%,  from $6.5k in 2018 to $47.8k in 2023.

In 2023, Macau did not export any services to Iceland.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B). That same year, Macau ranked 145 in total exports ($1.93B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $201k to Macau. The main products exported from Iceland to Macau were Dried/Salted/Smoked/Brined Fish ($106k), Fish Fillets ($35.5k), and Beauty Products ($32.1k). During the last 5 years the exports of Iceland to Macau have decreased at an annualized rate of 3.12%, from $235k in 2018 to $201k in 2023.

In 2018, Macau exported $47.8k to Iceland. The main products exported from Macau to Iceland were Knit Men's Undergarments ($15.5k), Knit Sweaters ($12.2k), and Knit T-shirts ($6.27k). During the last 5 years the exports of Macau to Iceland have increased at an annualized rate of 49%, from $6.5k in 2023 to $47.8k in 2018.

Exports from Iceland (Flag) to Macau (Flag) (2023)

Exports from Macau (Flag) to Iceland (Flag) (2023)

Latest Data

Trade between Iceland (Flag) and Macau (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Macau
Top DestinationHong Kong$1.4B

This map shows whether countries import more from Iceland or Macau. Each country is colored based on the difference in imports they receive from Iceland and Macau or the difference in the growth in imports.

In 2023, countries that imported more from Iceland than Macau included Netherlands ($1.97B), Germany ($771M), and United States ($735M).

In 2023, countries that imported more from Macau than Iceland included Hong Kong ($1.4B), Philippines ($61M), and Singapore ($23.3M).

Difference in imports from Macau (Flag) and Iceland (Flag) (2023)

Comparative Advantage Iceland - Macau

Flow
Scale

This chart compares trade between Iceland and Macau by product, considering products traded by both, Iceland and Macau.

During 2023, Iceland had a large net trade with Macau in the exports of Animal Products ($152k), Chemical Products ($33k), and Animal Hides ($10.7k).

During 2018, Macau had a large net trade with Iceland in the exports of Textiles ($42.5k), Instruments ($2.16k), and Machines ($2.14k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Iceland and Macau. This means that a dot/product with the flag of Iceland indicates it has a comparative advantage over Macau. Similarly, a dot/product with the flag of Macau indicates it has a comparative advantage over Iceland.

Product Space of Iceland (Flag) and Macau (Flag) (2023)

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