Iceland (ISL) and Malta (MLT) Trade | The Observatory of Economic Complexity

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Iceland-Malta Trade: In 2023, Iceland exported $2.84M to Malta. The main products that Iceland exported to Malta were Refined Petroleum ($2.73M), Medical Instruments ($58.4k), and Other Domestic Electric Housewares ($14.4k). Over the past 5 years the exports of Iceland to Malta have decreased at an annualized rate of 3.78%, from $3.45M in 2018 to $2.84M in 2023.

In 2019, Iceland exported services to Malta worth $214M, with Royalties and license fees ($208M), Other business services ($3.36M), and Travel ($1.23M) being the largest in terms of value.

Malta-Iceland Trade: In 2023, Malta exported $2.78M to Iceland. The main products that Malta exported to Iceland were N/A. Over the past 5 years the exports of Malta to Iceland have increased at an annualized rate of 1.11%, from $2.63M in 2018 to $2.78M in 2023.

In 2020, Malta exported services to Iceland worth $0, with being the largest in terms of value.

Comparison In 2023, Iceland ranked 115 in total exports ($7.31B). That same year, Malta ranked 112 in total exports ($8.21B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Iceland exported $2.84M to Malta. The main products exported from Iceland to Malta were Refined Petroleum ($2.73M), Medical Instruments ($58.4k), and Other Domestic Electric Housewares ($14.4k). During the last 5 years the exports of Iceland to Malta have decreased at an annualized rate of 3.78%, from $3.45M in 2018 to $2.84M in 2023.

In 2018, Malta exported $2.78M to Iceland. There were not main exports from Malta to Iceland in 2018. During the last 5 years the exports of Malta to Iceland have increased at an annualized rate of 1.11%, from $2.63M in 2023 to $2.78M in 2018.

Exports from Iceland () to Malta () (2023)

Exports from Malta () to Iceland () (2023)

Latest Data

Trade between Iceland () and Malta ()

Iceland Exports

Date

Malta Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Malta
Top DestinationNigeria$2.26B

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

In 2023, countries that imported more from Iceland than Malta included Netherlands ($1.97B), United States ($735M), and United Kingdom ($607M).

In 2023, countries that imported more from Malta than Iceland included Nigeria ($2.26B), Singapore ($372M), and Hong Kong ($308M).

Difference in imports from Malta () and Iceland () (2023)

Comparative Advantage Iceland - Malta

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iceland had a large net trade with Malta in the exports of Mineral Products ($2.73M), Instruments ($61.8k), and Machines ($32.2k).

During 2018, Malta had a large net trade with Iceland in the exports of Chemical Products ($1.9M), Mineral Products ($564k), and Textiles ($159k).

Bilateral Service Trade

In 2019, Iceland exported services to Malta worth $214M, with Royalties and license fees ($208M), Other business services ($3.36M), and Travel ($1.23M) being the largest in terms of value.

In 2020, Malta exported services to Iceland worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland () to Malta () (N/A)

Services Exports from Malta () to Iceland () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iceland () to Malta () (2023)

Exports from Malta () to Iceland () (2023)

Latest Data

Trade between Iceland () and Malta ()

Iceland Exports

Malta Exports

Market Competitiveness

Difference in imports from Malta () and Iceland () (2023)

Comparative Advantage Iceland - Malta

Bilateral Service Trade

Services Exports from Iceland () to Malta () (N/A)

Services Exports from Malta () to Iceland () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Iceland () and Malta () (2023)

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