Iran (IRN) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Iran-Iceland In 2022, Iran exported $845k to Iceland. The main products that Iran exported to Iceland are Styrene Polymers ($342k), Tropical Fruits ($191k), and Vegetable Saps ($87.2k). During the last 27 years the exports of Iran to Iceland have increased at an annualized rate of 8.31%, from $97.9k in 1995 to $845k in 2022.

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

Iceland-Iran In 2022, Iceland exported $200k to Iran. The main products that Iceland exported to Iran were N/A. During the last 27 years the exports of Iceland to Iran have increased at an annualized rate of 21.1%, from $1.14k in 1995 to $200k in 2022.

In 2012, Iceland exported services to Iran worth $89.7k, with Services not allocated ($48.8k), Other business services ($33k), and Travel ($7.92k) being the largest in terms of value.

Comparison In 2022, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). 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, Iran exported $845k to Iceland. The main products exported from Iran to Iceland were Styrene Polymers ($342k), Tropical Fruits ($191k), and Vegetable Saps ($87.2k). During the last 27 years the exports of Iran to Iceland have increased at an annualized rate of 8.31%, from $97.9k in 1995 to $845k in 2022.

In 2021, Iceland exported $200k to Iran. There were not main exports from Iceland to Iran in 2021. During the last 26 years the exports of Iceland to Iran have increased at an annualized rate of 21.1%, from $1.14k in 1995 to $200k in 2021.

Exports from Iran () to Iceland () (2022)

Exports from Iceland () to Iran () (2022)

Latest Data

Trade between Iran () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$5.72B

Iceland
Top DestinationNetherlands$1.97B

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

In 2021, countries that imported more from Iran than Iceland were China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

In 2021, countries that imported more from Iceland than Iran were Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

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

Comparative Advantage Iran - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iran had a large net trade with Iceland in the exports of Vegetable Products ($344k), Plastics and Rubbers ($342k), and Mineral Products ($64.6k).

During 2021, Iceland had a large net trade with Iran in the exports of .

Service Trade

Bilateral Service Trade

Isl Year

2012

2011

2010

In 2012, Iceland exported services to Iran worth $89.7k, with Services not allocated ($48.8k), Other business services ($33k), and Travel ($7.92k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland () to Iran () (2012)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Iran has comparative advantage over Iceland. Similarly, the more yellow a dot/product is, the more Iceland has comparative advantage over Iran.

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Historical Data

Bilateral Trade by Products

Exports from Iran () to Iceland () (2022)

Exports from Iceland () to Iran () (2022)

Latest Data

Trade between Iran () and Iceland ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Iran - Iceland

Service Trade

Bilateral Service Trade

Services Exports from Iceland () to Iran () (2012)

Economic Complexity

Competitive Landscape

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

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