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2022
Flag → Flag
Exports $27.1MRnk 29 / 160
2022
Flag → Flag
Top Product $20.5MNon-fillet Frozen Fish
2022
Flag → Flag
Exports $27.1MRnk 115 / 210
2022
Flag → Flag
Top Product $2.97MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 1.94Rnk 3 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC $72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Iceland-Chinese Taipei Trade: In 2022, Iceland exported $27.1M to Chinese Taipei. The main products that Iceland exported to Chinese Taipei were Non-fillet Frozen Fish ($20.5M), Ferroalloys ($3.38M), and Processed Fish ($888k). Over the past 5 years the exports of Iceland to Chinese Taipei have increased at an annualized rate of 12.2%, from $15.2M in 2017 to $27.1M in 2022.

In 2022, Iceland did not export any services to Chinese Taipei.

Chinese Taipei-Iceland Trade: In 2022, Chinese Taipei exported $27.1M to Iceland. The main products that Chinese Taipei exported to Iceland were Broadcasting Equipment ($2.97M), Office Machine Parts ($2.91M), and Iron Fasteners ($2.22M). Over the past 5 years the exports of Chinese Taipei to Iceland have increased at an annualized rate of 5.29%,  from $20.9M in 2017 to $27.1M in 2022.

In 2022, Chinese Taipei 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, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $27.1M to Chinese Taipei. The main products exported from Iceland to Chinese Taipei were Non-fillet Frozen Fish ($20.5M), Ferroalloys ($3.38M), and Processed Fish ($888k). During the last 5 years the exports of Iceland to Chinese Taipei have increased at an annualized rate of 12.2%, from $15.2M in 2017 to $27.1M in 2022.

In 2017, Chinese Taipei exported $27.1M to Iceland. The main products exported from Chinese Taipei to Iceland were Broadcasting Equipment ($2.97M), Office Machine Parts ($2.91M), and Iron Fasteners ($2.22M). During the last 5 years the exports of Chinese Taipei to Iceland have increased at an annualized rate of 5.29%, from $20.9M in 2022 to $27.1M in 2017.

Exports from Iceland (Flag) to Chinese Taipei (Flag) (2022)

Exports from Chinese Taipei (Flag) to Iceland (Flag) (2022)

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Chinese Taipei
Top DestinationChina$121B

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

In 2022, countries that imported more from Iceland than Chinese Taipei included Greenland ($28.2M), Bahamas ($20.1M), and Antigua and Barbuda ($8.12M).

In 2022, countries that imported more from Chinese Taipei than Iceland included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

Difference in imports from Chinese Taipei (Flag) and Iceland (Flag) (2022)

Comparative Advantage Iceland - Chinese Taipei

Flow
Scale

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

During 2022, Iceland had a large net trade with Chinese Taipei in the exports of Animal Products ($20.5M), Metals ($3.39M), and Foodstuffs ($1.33M).

During 2017, Chinese Taipei had a large net trade with Iceland in the exports of Machines ($11.4M), Metals ($4.84M), and Transportation ($2.54M).

Economic Complexity

Competitive Landscape

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

Product Space of Iceland (Flag) and Chinese Taipei (Flag) (2022)

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