Iceland / Denmark

Iceland-Denmark Trade: In 2022, Iceland exported $257M to Denmark. The main products that Iceland exported to Denmark were Non-fillet Fresh Fish ($64.4M), Refined Petroleum ($32.3M), and Fish oil ($31.2M). Over the past 5 years the exports of Iceland to Denmark have increased at an annualized rate of 11.5%, from $149M in 2017 to $257M in 2022.

In 2019, Iceland exported services to Denmark worth $174M, with Travel ($76.7M), Transportation ($55.2M), and Computer and information services ($20.5M) being the largest in terms of value.

Denmark-Iceland Trade: In 2022, Denmark exported $744M to Iceland. The main products that Denmark exported to Iceland were Packaged Medicaments ($59.4M), Refined Petroleum ($46.8M), and Fishing Ships ($43.3M). Over the past 5 years the exports of Denmark to Iceland have increased at an annualized rate of 6.12%,  from $553M in 2017 to $744M in 2022.

In 2020, Denmark exported services to Iceland worth $204M, with Computer and information services ($81.4M), Travel ($52.9M), and Other business services ($31.4M) being the largest in terms of value.

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).