Maldives (MDV) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Maldives-Iceland Trade: In 2022, Maldives exported $24.1k to Iceland. The main products that Maldives exported to Iceland were Other Nuts ($22.5k), Motor vehicles; parts and accessories (8701 to 8705) ($620), and Frozen Vegetables ($294). Over the past 5 years the exports of Maldives to Iceland have decreased at an annualized rate of 1.05%, from $25.4k in 2017 to $24.1k in 2022.

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

Iceland-Maldives Trade: In 2022, Iceland exported $99.2k to Maldives. The main products that Iceland exported to Maldives were Fish Fillets ($28.3k), Surveying Equipment ($16.1k), and Oscilloscopes ($13.8k). Over the past 5 years the exports of Iceland to Maldives have increased at an annualized rate of 4.36%, from $80.1k in 2017 to $99.2k in 2022.

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

Comparison In 2022, Maldives ranked 166 in total exports ($689M). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Maldives exported $24.1k to Iceland. The main products exported from Maldives to Iceland were Other Nuts ($22.5k), Motor vehicles; parts and accessories (8701 to 8705) ($620), and Frozen Vegetables ($294). During the last 5 years the exports of Maldives to Iceland have decreased at an annualized rate of 1.05%, from $25.4k in 2017 to $24.1k in 2022.

In 2017, Iceland exported $99.2k to Maldives. The main products exported from Iceland to Maldives were Fish Fillets ($28.3k), Surveying Equipment ($16.1k), and Oscilloscopes ($13.8k). During the last 5 years the exports of Iceland to Maldives have increased at an annualized rate of 4.36%, from $80.1k in 2022 to $99.2k in 2017.

Exports from Maldives () to Iceland () (2022)

Exports from Iceland () to Maldives () (2022)

Latest Data

Trade between Maldives () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Maldives
Top DestinationIndia$488M

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Maldives than Iceland included India ($488M), Thailand ($79.4M), and Oman ($14.3M).

In 2022, countries that imported more from Iceland than Maldives included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

Difference in imports from Iceland () and Maldives () (2022)

Comparative Advantage Maldives - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Maldives had a large net trade with Iceland in the exports of Vegetable Products ($23.3k), Transportation ($620), and Animal Products ($175).

During 2017, Iceland had a large net trade with Maldives in the exports of Animal Products ($56.1k), Instruments ($33.6k), and Foodstuffs ($4.67k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Maldives () to Iceland () (2022)

Exports from Iceland () to Maldives () (2022)

Latest Data

Trade between Maldives () and Iceland ()

Iceland Exports

Market Competitiveness

Difference in imports from Iceland () and Maldives () (2022)

Comparative Advantage Maldives - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Maldives () and Iceland () (2022)

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