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2023
Flag → Flag
Exports $2.17MRnk 66 / 157
2023
Flag → Flag
Top Product $1.3MNon-fillet Frozen Fish
2023
Flag → Flag
Exports $58.1MRnk 94 / 142
2023
Flag → Flag
Top Product $18.8MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC$4,282CURRENT US$
Rnk 128 / 196
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195

About

Iceland-Vietnam Trade: In 2023, Iceland exported $2.17M to Vietnam. The main products that Iceland exported to Vietnam were Non-fillet Frozen Fish ($1.3M), Natural Polymers ($688k), and Medical Instruments ($82.2k). Over the past 5 years the exports of Iceland to Vietnam have decreased at an annualized rate of 25.1%, from $9.19M in 2018 to $2.17M in 2023.

In 2023, Iceland did not export any services to Vietnam.

Vietnam-Iceland Trade: In 2023, Vietnam exported $58.1M to Iceland. The main products that Vietnam exported to Iceland were Broadcasting Equipment ($18.8M), Textile Footwear ($4.54M), and Leather Footwear ($3.24M). Over the past 5 years the exports of Vietnam to Iceland have increased at an annualized rate of 14%,  from $30.2M in 2018 to $58.1M in 2023.

In 2023, Vietnam did not export any services to Iceland.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $2.17M to Vietnam. The main products exported from Iceland to Vietnam were Non-fillet Frozen Fish ($1.3M), Natural Polymers ($688k), and Medical Instruments ($82.2k). During the last 5 years the exports of Iceland to Vietnam have decreased at an annualized rate of 25.1%, from $9.19M in 2018 to $2.17M in 2023.

In 2018, Vietnam exported $58.1M to Iceland. The main products exported from Vietnam to Iceland were Broadcasting Equipment ($18.8M), Textile Footwear ($4.54M), and Leather Footwear ($3.24M). During the last 5 years the exports of Vietnam to Iceland have increased at an annualized rate of 14%, from $30.2M in 2023 to $58.1M in 2018.

Exports from Iceland (Flag) to Vietnam (Flag) (2023)

Exports from Vietnam (Flag) to Iceland (Flag) (2023)

Latest Data

Trade between Iceland (Flag) and Vietnam (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Vietnam
Top DestinationUnited States$118B

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

In 2023, countries that imported more from Iceland than Vietnam included Greenland ($72.3M), Belarus ($34.6M), and Bahamas ($25M).

In 2023, countries that imported more from Vietnam than Iceland included United States ($118B), China ($85.7B), and Japan ($25.1B).

Difference in imports from Vietnam (Flag) and Iceland (Flag) (2023)

Comparative Advantage Iceland - Vietnam

Flow
Scale

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

During 2023, Iceland had a large net trade with Vietnam in the exports of Animal Products ($1.36M), Plastics and Rubbers ($688k), and Instruments ($82.2k).

During 2018, Vietnam had a large net trade with Iceland in the exports of Machines ($25.7M), Textiles ($10.8M), and Footwear and Headwear ($9.4M).

Economic Complexity

Competitive Landscape

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

Product Space of Iceland (Flag) and Vietnam (Flag) (2023)

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