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2022
Flag → Flag
Exports $17.2MRnk 33 / 160
2022
Flag → Flag
Top Product $14.8MNon-fillet Frozen Fish
2022
Flag → Flag
Exports $26MRnk 134 / 218
2022
Flag → Flag
Top Product $1.86MComputers
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC $72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Iceland-Thailand Trade: In 2022, Iceland exported $17.2M to Thailand. The main products that Iceland exported to Thailand were Non-fillet Frozen Fish ($14.8M), Fish oil ($786k), and Water ($319k). Over the past 5 years the exports of Iceland to Thailand have increased at an annualized rate of 0.11%, from $17.1M in 2017 to $17.2M in 2022.

In 2019, Iceland exported services to Thailand worth $12.8M, with Travel ($10.5M), Transportation ($1.23M), and Royalties and license fees ($560k) being the largest in terms of value.

Thailand-Iceland Trade: In 2022, Thailand exported $26M to Iceland. The main products that Thailand exported to Iceland were Computers ($1.86M), Pasta ($1.22M), and Microphones and Headphones ($1.08M). Over the past 5 years the exports of Thailand to Iceland have increased at an annualized rate of 6.22%,  from $19.3M in 2017 to $26M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $17.2M to Thailand. The main products exported from Iceland to Thailand were Non-fillet Frozen Fish ($14.8M), Fish oil ($786k), and Water ($319k). During the last 5 years the exports of Iceland to Thailand have increased at an annualized rate of 0.11%, from $17.1M in 2017 to $17.2M in 2022.

In 2017, Thailand exported $26M to Iceland. The main products exported from Thailand to Iceland were Computers ($1.86M), Pasta ($1.22M), and Microphones and Headphones ($1.08M). During the last 5 years the exports of Thailand to Iceland have increased at an annualized rate of 6.22%, from $19.3M in 2022 to $26M in 2017.

Exports from Iceland (Flag) to Thailand (Flag) (2022)

Exports from Thailand (Flag) to Iceland (Flag) (2022)

Latest Data

Trade between Iceland (Flag) and Thailand (Flag)

Iceland Exports

Thailand Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Iceland than Thailand included Greenland ($28.2M), Norway ($459M), and Bahamas ($20.1M).

In 2022, countries that imported more from Thailand than Iceland included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

Difference in imports from Thailand (Flag) and Iceland (Flag) (2022)

Comparative Advantage Iceland - Thailand

Flow
Scale

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

During 2022, Iceland had a large net trade with Thailand in the exports of Animal Products ($15.2M), Animal and Vegetable Bi-Products ($1M), and Machines ($436k).

During 2017, Thailand had a large net trade with Iceland in the exports of Machines ($7.02M), Foodstuffs ($5.45M), and Plastics and Rubbers ($2.56M).

Economic Complexity

Competitive Landscape

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

Product Space of Iceland (Flag) and Thailand (Flag) (2022)

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