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2023
Flag → Flag
Exports $745MRnk 56 / 224
2023
Flag → Flag
Top Product $178MCarbon-based Electronics
2023
Flag → Flag
Exports $1.97BRnk 1 / 157
2023
Flag → Flag
Top Product $1.17BRaw Aluminium
2023
Flag
Economic Complexity (ECI) ECI 1.08Rnk 26 / 132
2023
Flag  
GDP$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH30.6%CURRENT US$
Rnk 114 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC $64,572CURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 96 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Netherlands-Iceland Trade: In 2023, Netherlands exported $745M to Iceland. The main products that Netherlands exported to Iceland were Carbon-based Electronics ($178M), Computers ($94.5M), and Refined Petroleum ($45.1M). Over the past 5 years the exports of Netherlands to Iceland have increased at an annualized rate of 7.21%, from $526M in 2018 to $745M in 2023.

In 2020, Netherlands exported services to Iceland worth $254M, with Transportation ($168M), Financial services ($29.7M), and Royalties and license fees ($26.7M) being the largest in terms of value.

Iceland-Netherlands Trade: In 2023, Iceland exported $1.97B to Netherlands. The main products that Iceland exported to Netherlands were Raw Aluminium ($1.17B), Aluminium Wire ($194M), and Orthopedic Appliances ($117M). Over the past 5 years the exports of Iceland to Netherlands have increased at an annualized rate of 5.22%,  from $1.53B in 2018 to $1.97B in 2023.

In 2019, Iceland exported services to Netherlands worth $159M, with Travel ($61.2M), Transportation ($52.7M), and Other business services ($24.9M) being the largest in terms of value.

Comparison In 2023,  Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08),  and 9 in total exports ($599B). That same year, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Netherlands exported €70M and imported €127M from Iceland, resulting in a negative trade balance of €57M. Between October 2023 and October 2024 the exports of Netherlands have decreased by €-41M (-36.9%) from €111M to €70M, while imports increased by €25M (24.5%) from €102M to €127M.

Trade In October 2024, the top exports of Netherlands to Iceland were Electrical machinery and apparatus, n.e.s. (€15M), Undefined (€12M), Fruit and nuts (not including oil... (€2M), Mechanical handling equipment, and parts thereof,... (€2M), and Office machines (€2M). In October 2024 the top imports of Netherlands from Iceland were Aluminium (€103M), Fish, fresh (live or dead), chilled... (€15M), Miscellaneous manufactured articles, n.e.s. (€7M), and Fish, dried, salted or in brine;... (€2M).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)€-41M(-36.9%)
IMPORT GROWTH (October 2023 - October 2024)€25M(24.5%)

This section shows exports and imports data at subnational level for Netherlands. Click any date in the line plot or any product to explore the exports or imports behavior of Netherlands over time.

To check Iceland and Netherlands trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iceland and Netherlands Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Netherlands exported $745M to Iceland. The main products exported from Netherlands to Iceland were Carbon-based Electronics ($178M), Computers ($94.5M), and Refined Petroleum ($45.1M). During the last 5 years the exports of Netherlands to Iceland have increased at an annualized rate of 7.21%, from $526M in 2018 to $745M in 2023.

In 2018, Iceland exported $1.97B to Netherlands. The main products exported from Iceland to Netherlands were Raw Aluminium ($1.17B), Aluminium Wire ($194M), and Orthopedic Appliances ($117M). During the last 5 years the exports of Iceland to Netherlands have increased at an annualized rate of 5.22%, from $1.53B in 2023 to $1.97B in 2018.

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

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

Market Competitiveness

Color
Netherlands
Top DestinationGermany$96.9B
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from Netherlands than Iceland included Germany ($96.9B), Belgium ($87B), and France ($67.3B).

In 2023, countries that imported more from Iceland than Netherlands included Greenland ($72.3M), Bahamas ($25M), and Marshall Islands ($3.43M).

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

Comparative Advantage Netherlands - Iceland

Flow
Scale

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

During 2023, Netherlands had a large net trade with Iceland in the exports of Machines ($346M), Transportation ($70.5M), and Foodstuffs ($69.1M).

During 2018, Iceland had a large net trade with Netherlands in the exports of Metals ($1.51B), Animal Products ($194M), and Instruments ($136M).

Bilateral Service Trade

In 2020, Netherlands exported services to Iceland worth $254M, with Transportation ($168M), Financial services ($29.7M), and Royalties and license fees ($26.7M) being the largest in terms of value.

In 2019, Iceland exported services to Netherlands worth $159M, with Travel ($61.2M), Transportation ($52.7M), and Other business services ($24.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Netherlands (Flag) to Iceland (Flag) (2020)

Services Exports from Iceland (Flag) to Netherlands (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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