Israel / Iceland

Israel-Iceland Trade: In 2023, Israel exported $7.44M to Iceland. The main products that Israel exported to Iceland were Packaged Medicaments ($1.03M), Refined Petroleum ($599k), and Medical Instruments ($529k). Over the past 5 years the exports of Israel to Iceland have decreased at an annualized rate of 19%, from $21.4M in 2018 to $7.44M in 2023.

In 2007, Israel exported services to Iceland worth $516k, with Computer and information services ($516k) being the largest in terms of value.

Iceland-Israel Trade: In 2023, Iceland exported $3.52M to Israel. The main products that Iceland exported to Israel were Processed Fish ($918k), Fish Fillets ($718k), and Orthopedic Appliances ($574k). Over the past 5 years the exports of Iceland to Israel have increased at an annualized rate of 4.21%,  from $2.86M in 2018 to $3.52M in 2023.

In 2012, Iceland exported services to Israel worth $17.6M, with Services not allocated ($9.27M), Travel ($7.92M), and Royalties and license fees ($255k) being the largest in terms of value.

Comparison In 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28),  and 49 in total exports ($69.3B). That same year, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.