Papua New Guinea (PNG) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Papua New Guinea-Iceland Trade: In 2022, Papua New Guinea exported $1.59k to Iceland. The main products that Papua New Guinea exported to Iceland were Electrical Power Accessories ($707), Other Printed Material ($396), and Brochures ($295). Over the past 5 years the exports of Papua New Guinea to Iceland have decreased at an annualized rate of 49.2%, from $47.1k in 2017 to $1.59k in 2022.

In 2022, Papua New Guinea did not export any services to Iceland.

Iceland-Papua New Guinea In N/A, Iceland did not export any products to Papua New Guinea.

In 2022, Iceland did not export any services to Papua New Guinea.

Comparison In 2022, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Papua New Guinea exported $1.59k to Iceland. The main products exported from Papua New Guinea to Iceland were Electrical Power Accessories ($707), Other Printed Material ($396), and Brochures ($295). During the last 5 years the exports of Papua New Guinea to Iceland have decreased at an annualized rate of 49.2%, from $47.1k in 2017 to $1.59k in 2022.

Iceland does not register exports to Papua New Guinea. The main products exported from Iceland to Papua New Guinea were Knit Sweaters ($149), Other toys ($50), and Microphones and Headphones ($27).

Exports from Papua New Guinea () to Iceland () (2022)

Exports from Iceland () to Papua New Guinea () (2022)

Latest Data

Trade between Papua New Guinea () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Papua New Guinea
Top DestinationJapan$4.03B

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Papua New Guinea than Iceland included Japan ($4.03B), China ($3.44B), and Australia ($1.74B).

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

Difference in imports from Iceland () and Papua New Guinea () (2022)

Comparative Advantage Papua New Guinea - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Papua New Guinea and Iceland by product, considering products traded by both, Papua New Guinea and Iceland.

During 2022, Papua New Guinea had a large net trade with Iceland in the exports of Paper Goods ($881) and Machines ($707).

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 Papua New Guinea and Iceland. This means that a dot/product with the flag of Papua New Guinea indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over Papua New Guinea.

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Historical Data

Bilateral Trade by Products

Exports from Papua New Guinea () to Iceland () (2022)

Exports from Iceland () to Papua New Guinea () (2022)

Latest Data

Trade between Papua New Guinea () and Iceland ()

Iceland Exports

Market Competitiveness

Difference in imports from Iceland () and Papua New Guinea () (2022)

Comparative Advantage Papua New Guinea - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Papua New Guinea () and Iceland () (2022)

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