Iceland / Singapore

Iceland-Singapore Trade: In 2022, Iceland exported $8.22M to Singapore. The main products that Iceland exported to Singapore were Aluminium Foil ($4.14M), Gas Turbines ($1.77M), and Non-Iron and Steel Slag, Ash and Residues ($337k). Over the past 5 years the exports of Iceland to Singapore have increased at an annualized rate of 25.5%, from $2.64M in 2017 to $8.22M in 2022.

In 2019, Iceland exported services to Singapore worth $23.2M, with Travel ($15.1M), Computer and information services ($3.47M), and Transportation ($1.79M) being the largest in terms of value.

Singapore-Iceland Trade: In 2022, Singapore exported $13.8M to Iceland. The main products that Singapore exported to Iceland were Aluminium Oxide ($5.66M), Other Plastic Products ($2.17M), and Cocoa Butter ($815k). Over the past 5 years the exports of Singapore to Iceland have decreased at an annualized rate of 27.3%,  from $93.4M in 2017 to $13.8M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).