Iceland / Portugal

Iceland-Portugal Trade: In 2023, Iceland exported $49.8M to Portugal. The main products that Iceland exported to Portugal were Raw Aluminium ($23M), Non-fillet Fresh Fish ($8.59M), and Dried/Salted/Smoked/Brined Fish ($6.96M). Over the past 5 years the exports of Iceland to Portugal have increased at an annualized rate of 2.83%, from $43.3M in 2018 to $49.8M in 2023.

In 2019, Iceland exported services to Portugal worth $10.1M, with Travel ($7.72M), Transportation ($1.46M), and Computer and information services ($448k) being the largest in terms of value.

Portugal-Iceland Trade: In 2023, Portugal exported $37.7M to Iceland. The main products that Portugal exported to Iceland were Electrical Control Boards ($4.31M), Leather Footwear ($2.86M), and Other Fruits ($1.86M). Over the past 5 years the exports of Portugal to Iceland have increased at an annualized rate of 7.54%,  from $26.2M in 2018 to $37.7M in 2023.

In 2020, Portugal exported services to Iceland worth $3.43M, with Travel ($3.43M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).