2023
Flag  
GDP
$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH
94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP
$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH
30.6%CURRENT US$
Rnk 114 / 195
2023
Flag
GDP PC 
$79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH
59.9%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC
$64,572CURRENT US$
Rnk 17 / 196
2013-2023
Flag
GDP PC GROWTH
22.8%CURRENT US$
Rnk 96 / 195

About

Iceland-Netherlands Trade: In 2023, Iceland exported $1.97B to Netherlands. The main products that Iceland exported to Netherlands were Raw Aluminium ($1.17B), Aluminium Wire ($194M), and Orthopedic Appliances ($117M). Over the past 5 years the exports of Iceland to Netherlands have increased at an annualized rate of 5.22%, from $1.53B in 2018 to $1.97B in 2023.

In 2019, Iceland exported services to Netherlands worth $159M, with Travel ($61.2M), Transportation ($52.7M), and Other business services ($24.9M) being the largest in terms of value.

Netherlands-Iceland Trade: In 2023, Netherlands exported $745M to Iceland. The main products that Netherlands exported to Iceland were Carbon-based Electronics ($178M), Computers ($94.5M), and Refined Petroleum ($45.1M). Over the past 5 years the exports of Netherlands to Iceland have increased at an annualized rate of 7.21%,  from $526M in 2018 to $745M in 2023.

In 2020, Netherlands exported services to Iceland worth $254M, with Transportation ($168M), Financial services ($29.7M), and Royalties and license fees ($26.7M) being the largest in terms of value.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $1.97B to Netherlands. The main products exported from Iceland to Netherlands were Raw Aluminium ($1.17B), Aluminium Wire ($194M), and Orthopedic Appliances ($117M). During the last 5 years the exports of Iceland to Netherlands have increased at an annualized rate of 5.22%, from $1.53B in 2018 to $1.97B in 2023.

In 2018, Netherlands exported $745M to Iceland. The main products exported from Netherlands to Iceland were Carbon-based Electronics ($178M), Computers ($94.5M), and Refined Petroleum ($45.1M). During the last 5 years the exports of Netherlands to Iceland have increased at an annualized rate of 7.21%, from $526M in 2023 to $745M in 2018.

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

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

Latest Data

Trade between Iceland (Flag) and Netherlands (Flag)

Iceland Exports

Netherlands Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Netherlands
Top Destination
Germany$96.9B

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

In 2023, countries that imported more from Iceland than Netherlands included Greenland ($72.3M), Bahamas ($25M), and Marshall Islands ($3.43M).

In 2023, countries that imported more from Netherlands than Iceland included Germany ($96.9B), Belgium ($87B), and France ($67.3B).

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

Comparative Advantage Iceland - Netherlands

Flow
Scale

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

During 2023, Iceland had a large net trade with Netherlands in the exports of Metals ($1.51B), Animal Products ($194M), and Instruments ($136M).

During 2018, Netherlands had a large net trade with Iceland in the exports of Machines ($346M), Transportation ($70.5M), and Foodstuffs ($69.1M).

Bilateral Service Trade

In 2019, Iceland exported services to Netherlands worth $159M, with Travel ($61.2M), Transportation ($52.7M), and Other business services ($24.9M) being the largest in terms of value.

In 2020, Netherlands exported services to Iceland worth $254M, with Transportation ($168M), Financial services ($29.7M), and Royalties and license fees ($26.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland (Flag) to Netherlands (Flag) (2019)

Services Exports from Netherlands (Flag) to Iceland (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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