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2022
Flag → Flag
Exports $75.2MRnk 94 / 152
2022
Flag → Flag
Top Product $24.2MBroadcasting Equipment
2022
Flag → Flag
Exports $5.34MRnk 45 / 160
2022
Flag → Flag
Top Product $3.02MNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
Flag  
GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
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GDP PC $4,164CURRENT US$
Rnk 120 / 186
2012-2022
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GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186
2022
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GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Vietnam-Iceland Trade: In 2022, Vietnam exported $75.2M to Iceland. The main products that Vietnam exported to Iceland were Broadcasting Equipment ($24.2M), Other Floating Structures ($10.1M), and Passenger and Cargo Ships ($5.25M). Over the past 5 years the exports of Vietnam to Iceland have increased at an annualized rate of 26.7%, from $23.1M in 2017 to $75.2M in 2022.

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

Iceland-Vietnam Trade: In 2022, Iceland exported $5.34M to Vietnam. The main products that Iceland exported to Vietnam were Non-fillet Frozen Fish ($3.02M), Recovered Paper ($418k), and Natural Polymers ($384k). Over the past 5 years the exports of Iceland to Vietnam have decreased at an annualized rate of 18.5%,  from $14.8M in 2017 to $5.34M in 2022.

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

Comparison In 2022,  Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2),  and 19 in total exports ($399B). 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
Value

In 2022, Vietnam exported $75.2M to Iceland. The main products exported from Vietnam to Iceland were Broadcasting Equipment ($24.2M), Other Floating Structures ($10.1M), and Passenger and Cargo Ships ($5.25M). During the last 5 years the exports of Vietnam to Iceland have increased at an annualized rate of 26.7%, from $23.1M in 2017 to $75.2M in 2022.

In 2017, Iceland exported $5.34M to Vietnam. The main products exported from Iceland to Vietnam were Non-fillet Frozen Fish ($3.02M), Recovered Paper ($418k), and Natural Polymers ($384k). During the last 5 years the exports of Iceland to Vietnam have decreased at an annualized rate of 18.5%, from $14.8M in 2022 to $5.34M in 2017.

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

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

Latest Data

Trade between Vietnam (Flag) and Iceland (Flag)

Iceland Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$117B
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Vietnam than Iceland included United States ($117B), China ($58.7B), and South Korea ($25.2B).

In 2022, countries that imported more from Iceland than Vietnam included Greenland ($28.2M), Bahamas ($20.1M), and Antigua and Barbuda ($8.12M).

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

Comparative Advantage Vietnam - Iceland

Flow
Scale

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

During 2022, Vietnam had a large net trade with Iceland in the exports of Machines ($30.6M), Transportation ($15.5M), and Textiles ($11.8M).

During 2017, Iceland had a large net trade with Vietnam in the exports of Animal Products ($3.64M), Paper Goods ($420k), and Plastics and Rubbers ($409k).

Economic Complexity

Competitive Landscape

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

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

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