2022
Flag  
GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH
88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC 
$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH
58.5%CURRENT US$
Rnk 29 / 186

About

Iceland-Palau In 2016, Iceland exported $39.7k to Palau. The main products that Iceland exported to Palau are N/A. During the last 7 years the exports of Iceland to Palau have increased at an annualized rate of 45.5%, from $2.88k in 2009 to $39.7k in 2016.

In 2016, Iceland did not export any services to Palau.

Palau-Iceland In false, Palau did not export any products to Iceland.

In 2016, Palau did not export any services to Iceland.

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B). That same year, Palau ranked 219 in total exports ($7.75M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2016, Iceland exported $39.7k to Palau. There were not main exports from Iceland to Palau in 2016. During the last 7 years the exports of Iceland to Palau have increased at an annualized rate of 45.5%, from $2.88k in 2009 to $39.7k in 2016.

Palau does not register exports to Iceland.

Exports from Iceland (Flag) to Palau (Flag) (2016)

Exports from Palau (Flag) to Iceland (Flag) (2016)

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Palau
Top Destination
Greece$2.11M

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

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

In 2021, countries that imported more from Palau than Iceland were Mozambique ($27.4k).

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

Comparative Advantage Iceland - Palau

Flow
Scale

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

During 2016, Iceland had a large net trade with Palau in the exports of .

Economic Complexity

Competitive Landscape

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 Iceland has comparative advantage over Palau. Similarly, the more yellow a dot/product is, the more Palau has comparative advantage over Iceland.

Product Space of Iceland (Flag) and Palau (Flag) (2016)

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