Luxembourg / Iceland

Luxembourg-Iceland Trade: In 2022, Luxembourg exported $11.5M to Iceland. The main products that Luxembourg exported to Iceland were Iron Sheet Piling ($4.69M), Semi-Finished Iron ($2.04M), and Prefabricated Buildings ($1.9M). Over the past 5 years the exports of Luxembourg to Iceland have increased at an annualized rate of 22.6%, from $4.16M in 2017 to $11.5M in 2022.

In 2020, Luxembourg exported services to Iceland worth $10.3M, with Other business services ($10.3M) being the largest in terms of value.

Iceland-Luxembourg Trade: In 2022, Iceland exported $27.8M to Luxembourg. The main products that Iceland exported to Luxembourg were Raw Aluminium ($26.5M), Fish Fillets ($912k), and Fermented Milk Products ($101k). Over the past 5 years the exports of Iceland to Luxembourg have increased at an annualized rate of 28.7%,  from $7.89M in 2017 to $27.8M in 2022.

In 2019, Iceland exported services to Luxembourg worth $22.9M, with Computer and information services ($9.74M), Travel ($5.93M), and Communications services ($3.02M) being the largest in terms of value.

Comparison In 2022,  Luxembourg ranked 78 in total exports ($20.5B). That same year, Iceland ranked 116 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.