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2022
Flag → Flag
Exports $198kRnk 103 / 160
2022
Flag → Flag
Top Product $119kPlastic Lids
2022
Flag → Flag
Exports $50.7MRnk 76 / 138
2022
Flag → Flag
Top Product $50.3MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
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 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
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GDP PC $72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186
2022
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GDP PC$30,436CURRENT US$
Rnk 37 / 186
2012-2022
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GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Iceland-Saudi Arabia Trade: In 2022, Iceland exported $198k to Saudi Arabia. The main products that Iceland exported to Saudi Arabia were Plastic Lids ($119k), Medical Instruments ($28.2k), and Water ($18.7k). Over the past 5 years the exports of Iceland to Saudi Arabia have decreased at an annualized rate of 44.6%, from $3.78M in 2017 to $198k in 2022.

In 2022, Iceland did not export any services to Saudi Arabia.

Saudi Arabia-Iceland Trade: In 2022, Saudi Arabia exported $50.7M to Iceland. The main products that Saudi Arabia exported to Iceland were Refined Petroleum ($50.3M), Cars ($297k), and Coated Textile Fabric ($49k). Over the past 5 years the exports of Saudi Arabia to Iceland have decreased at an annualized rate of 12.5%,  from $113M in 2017 to $50.7M in 2022.

In 2022, Saudi Arabia did not export any services to Iceland.

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $198k to Saudi Arabia. The main products exported from Iceland to Saudi Arabia were Plastic Lids ($119k), Medical Instruments ($28.2k), and Water ($18.7k). During the last 5 years the exports of Iceland to Saudi Arabia have decreased at an annualized rate of 44.6%, from $3.78M in 2017 to $198k in 2022.

In 2017, Saudi Arabia exported $50.7M to Iceland. The main products exported from Saudi Arabia to Iceland were Refined Petroleum ($50.3M), Cars ($297k), and Coated Textile Fabric ($49k). During the last 5 years the exports of Saudi Arabia to Iceland have decreased at an annualized rate of 12.5%, from $113M in 2022 to $50.7M in 2017.

Exports from Iceland (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Iceland (Flag) (2022)

Latest Data

Trade between Iceland (Flag) and Saudi Arabia (Flag)

Iceland Exports

Saudi Arabia Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Saudi Arabia
Top DestinationChina$68B

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

In 2022, countries that imported more from Iceland than Saudi Arabia included Norway ($459M), Denmark ($257M), and Greenland ($28.2M).

In 2022, countries that imported more from Saudi Arabia than Iceland included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Iceland (Flag) (2022)

Comparative Advantage Iceland - Saudi Arabia

Flow
Scale

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

During 2022, Iceland had a large net trade with Saudi Arabia in the exports of Plastics and Rubbers ($122k), Instruments ($29.1k), and Machines ($27.4k).

During 2017, Saudi Arabia had a large net trade with Iceland in the exports of Mineral Products ($50.3M), Transportation ($329k), and Textiles ($50.1k).

Economic Complexity

Competitive Landscape

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

Product Space of Iceland (Flag) and Saudi Arabia (Flag) (2022)

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