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2022
Flag → Flag
Exports $29.4kRnk 85 / 123
2022
Flag → Flag
Top Product $8.41kKnit Men's Undergarments
2022
Flag → Flag
Exports $323kRnk 96 / 160
2022
Flag → Flag
Top Product $279kDried/Salted/Smoked/Brined Fish
2022
Flag  
GDP$22BCURRENT US$
Rnk 111 / 186
2012-2022
Flag
GDP GROWTH-49.1%CURRENT US$
Rnk 185 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC $31,618CURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP PC GROWTH-57.3%CURRENT US$
Rnk 184 / 186
2022
Flag
GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Macau-Iceland Trade: In 2022, Macau exported $29.4k to Iceland. The main products that Macau exported to Iceland were Knit Men's Undergarments ($8.41k), Paper Notebooks ($6.75k), and Knit Sweaters ($2.98k). Over the past 6 years the exports of Macau to Iceland have increased at an annualized rate of 5.91%, from $20.8k in 2016 to $29.4k in 2022.

In 2022, Macau did not export any services to Iceland.

Iceland-Macau Trade: In 2022, Iceland exported $323k to Macau. The main products that Iceland exported to Macau were Dried/Salted/Smoked/Brined Fish ($279k), Beauty Products ($21.7k), and Trunks and Cases ($10.5k). Over the past 6 years the exports of Iceland to Macau have increased at an annualized rate of 15.8%,  from $155k in 2016 to $323k in 2022.

In 2022, Iceland did not export any services to Macau.

Comparison In 2022,  Macau ranked 146 in total exports ($1.88B). That same year, Iceland ranked 116 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Macau exported $29.4k to Iceland. The main products exported from Macau to Iceland were Knit Men's Undergarments ($8.41k), Paper Notebooks ($6.75k), and Knit Sweaters ($2.98k). During the last 6 years the exports of Macau to Iceland have increased at an annualized rate of 5.91%, from $20.8k in 2016 to $29.4k in 2022.

In 2017, Iceland exported $323k to Macau. The main products exported from Iceland to Macau were Dried/Salted/Smoked/Brined Fish ($279k), Beauty Products ($21.7k), and Trunks and Cases ($10.5k). During the last 5 years the exports of Iceland to Macau have increased at an annualized rate of 15.8%, from $155k in 2022 to $323k in 2017.

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

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

Latest Data

Trade between Macau (Flag) and Iceland (Flag)

Iceland Exports

Market Competitiveness

Color
Macau
Top DestinationHong Kong$1.22B
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Macau than Iceland included Hong Kong ($1.22B), Israel ($37.4M), and Romania ($24.1M).

In 2022, countries that imported more from Iceland than Macau included Netherlands ($1.97B), United Kingdom ($672M), and Germany ($573M).

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

Comparative Advantage Macau - Iceland

Flow
Scale

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

During 2022, Macau had a large net trade with Iceland in the exports of Textiles ($21.6k), Paper Goods ($6.75k), and Instruments ($873).

During 2017, Iceland had a large net trade with Macau in the exports of Animal Products ($286k), Chemical Products ($22.3k), and Animal Hides ($10.5k).

Economic Complexity

Competitive Landscape

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

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

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