2022
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GDP
$409BCURRENT US$
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2012-2022
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GDP GROWTH
109%CURRENT US$
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2022
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 GDP
$27.8BCURRENT US$
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2012-2022
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GDP GROWTH
88.7%CURRENT US$
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2022
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GDP PC 
$4,164CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
90.1%CURRENT US$
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2022
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GDP PC
$72,903CURRENT US$
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2012-2022
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GDP PC GROWTH
58.5%CURRENT US$
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About

Vietnam-Iceland In 2022, Vietnam exported $75.2M to Iceland. The main products that Vietnam exported to Iceland are Broadcasting Equipment ($24.2M), Other Floating Structures ($10.1M), and Passenger and Cargo Ships ($5.25M). During the last 27 years the exports of Vietnam to Iceland have increased at an annualized rate of 20.3%, from $516k in 1995 to $75.2M in 2022.

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

Iceland-Vietnam 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). During the last 27 years the exports of Iceland to Vietnam have increased at an annualized rate of 0.78%, from $4.33M in 1995 to $5.34M in 2022.

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

Comparison In 2022,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.062),  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 27 years the exports of Vietnam to Iceland have increased at an annualized rate of 20.3%, from $516k in 1995 to $75.2M in 2022.

In 2022, 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 22 years the exports of Iceland to Vietnam have increased at an annualized rate of 0.78%, from $4.33M in 2000 to $5.34M in 2022.

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 Destination
United States$117B
Iceland
Top Destination
Netherlands$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 2021, countries that imported more from Vietnam than Iceland were United States ($117B), China ($58.7B), and South Korea ($25.2B).

In 2021, countries that imported more from Iceland than Vietnam were 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 2022, 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 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 Vietnam has comparative advantage over Iceland. Similarly, the more yellow a dot/product is, the more Iceland has comparative advantage over Vietnam.

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

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