Poland (POL) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Poland-Iceland Trade: In 2023, Poland exported $216M to Iceland. The main products that Poland exported to Iceland were Iron Structures ($24.7M), Other Furniture ($8.45M), and Carbon-based Electronics ($6.99M). Over the past 5 years the exports of Poland to Iceland have increased at an annualized rate of 2.66%, from $189M in 2018 to $216M in 2023.

In 2020, Poland exported services to Iceland worth $16.2M, with Computer and information services ($6.74M), Transportation ($5.14M), and Travel ($1.26M) being the largest in terms of value.

Iceland-Poland Trade: In 2023, Iceland exported $298M to Poland. The main products that Iceland exported to Poland were Raw Aluminium ($155M), Fish Fillets ($68.6M), and Non-fillet Fresh Fish ($37.4M). Over the past 5 years the exports of Iceland to Poland have increased at an annualized rate of 2.54%, from $263M in 2018 to $298M in 2023.

In 2019, Iceland exported services to Poland worth $27.3M, with Travel ($20.5M), Transportation ($3.81M), and Royalties and license fees ($896k) being the largest in terms of value.

Comparison In 2023, Poland ranked 24 in the Economic Complexity Index (ECI 1.09), and 23 in total exports ($339B). That same year, Iceland ranked 115 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 2023, Poland exported $216M to Iceland. The main products exported from Poland to Iceland were Iron Structures ($24.7M), Other Furniture ($8.45M), and Carbon-based Electronics ($6.99M). During the last 5 years the exports of Poland to Iceland have increased at an annualized rate of 2.66%, from $189M in 2018 to $216M in 2023.

In 2018, Iceland exported $298M to Poland. The main products exported from Iceland to Poland were Raw Aluminium ($155M), Fish Fillets ($68.6M), and Non-fillet Fresh Fish ($37.4M). During the last 5 years the exports of Iceland to Poland have increased at an annualized rate of 2.54%, from $263M in 2023 to $298M in 2018.

Exports from Poland () to Iceland () (2023)

Exports from Iceland () to Poland () (2023)

Latest Data

Trade between Poland () and Iceland ()

Poland Exports

Date

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Poland
Top DestinationGermany$84B

Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from Poland than Iceland included Germany ($84B), Czechia ($19.3B), and France ($19.1B).

In 2023, countries that imported more from Iceland than Poland included Greenland ($72.3M) and Montserrat ($65.3k).

Difference in imports from Iceland () and Poland () (2023)

Comparative Advantage Poland - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Poland had a large net trade with Iceland in the exports of Machines ($51.4M), Metals ($37.1M), and Foodstuffs ($23.1M).

During 2018, Iceland had a large net trade with Poland in the exports of Metals ($160M), Animal Products ($118M), and Chemical Products ($9.17M).

Bilateral Service Trade

Isl Year

Pol Year

In 2020, Poland exported services to Iceland worth $16.2M, with Computer and information services ($6.74M), Transportation ($5.14M), and Travel ($1.26M) being the largest in terms of value.

In 2019, Iceland exported services to Poland worth $27.3M, with Travel ($20.5M), Transportation ($3.81M), and Royalties and license fees ($896k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Poland () to Iceland () (2020)

Services Exports from Iceland () to Poland () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Poland () to Iceland () (2023)

Exports from Iceland () to Poland () (2023)

Latest Data

Trade between Poland () and Iceland ()

Poland Exports

Iceland Exports

Market Competitiveness

Difference in imports from Iceland () and Poland () (2023)

Comparative Advantage Poland - Iceland

Bilateral Service Trade

Services Exports from Poland () to Iceland () (2020)

Services Exports from Iceland () to Poland () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Poland () and Iceland () (2023)

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