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2022
Flag → Flag
Exports $23.4MRnk 31 / 160
2022
Flag → Flag
Top Product $13.3MNon-fillet Frozen Fish
2022
Flag → Flag
Exports $5.72MRnk 121 / 191
2022
Flag → Flag
Top Product $454kAudio Alarms
2022
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Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
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GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
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GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
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 GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
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GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 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
2022
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GDP PC$4,534CURRENT US$
Rnk 115 / 186
2012-2022
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GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186

About

Iceland-Ukraine In 2022, Iceland exported $23.4M to Ukraine. The main products that Iceland exported to Ukraine are Non-fillet Frozen Fish ($13.3M), Fish Fillets ($3.44M), and Processed Fish ($2.27M). During the last 26 years the exports of Iceland to Ukraine have increased at an annualized rate of 15.6%, from $537k in 1996 to $23.4M in 2022.

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

Ukraine-Iceland In 2022, Ukraine exported $5.72M to Iceland. The main products that Ukraine exported to Iceland were Audio Alarms ($454k), Knitted Hats ($389k), and Rubber Apparel ($319k). During the last 26 years the exports of Ukraine to Iceland have increased at an annualized rate of 18.6%, from $68.1k in 1996 to $5.72M in 2022.

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

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $23.4M to Ukraine. The main products exported from Iceland to Ukraine were Non-fillet Frozen Fish ($13.3M), Fish Fillets ($3.44M), and Processed Fish ($2.27M). During the last 26 years the exports of Iceland to Ukraine have increased at an annualized rate of 15.6%, from $537k in 1996 to $23.4M in 2022.

In 2022, Ukraine exported $5.72M to Iceland. The main products exported from Ukraine to Iceland were Audio Alarms ($454k), Knitted Hats ($389k), and Rubber Apparel ($319k). During the last 27 years the exports of Ukraine to Iceland have increased at an annualized rate of 18.6%, from $68.1k in 1995 to $5.72M in 2022.

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

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

Latest Data

Trade between Iceland (Flag) and Ukraine (Flag)

Iceland Exports

Ukraine Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Ukraine
Top DestinationPoland$6.7B

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

In 2021, countries that imported more from Iceland than Ukraine were Netherlands ($1.97B), Norway ($459M), and United Kingdom ($672M).

In 2021, countries that imported more from Ukraine than Iceland were Poland ($6.7B), Romania ($3.94B), and Turkey ($3.02B).

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

Comparative Advantage Iceland - Ukraine

Flow
Scale

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

During 2022, Iceland had a large net trade with Ukraine in the exports of Animal Products ($18.5M), Foodstuffs ($2.52M), and Machines ($778k).

During 2022, Ukraine had a large net trade with Iceland in the exports of Textiles ($1.38M), Machines ($994k), and Miscellaneous ($866k).

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

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

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