2022
Flag  
GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
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GDP GROWTH
88.7%CURRENT US$
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2022
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 GDP
$6.19BCURRENT US$
Rnk 150 / 186
2012-2022
Flag
GDP GROWTH
114%CURRENT US$
Rnk 9 / 186
2022
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GDP PC 
$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH
58.5%CURRENT US$
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2022
Flag
GDP PC
$11,818CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
58.7%CURRENT US$
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About

Iceland-Maldives Trade: In 2022, Iceland exported $99.2k to Maldives. The main products that Iceland exported to Maldives were Fish Fillets ($28.3k), Surveying Equipment ($16.1k), and Oscilloscopes ($13.8k). Over the past 9 years the exports of Iceland to Maldives have increased at an annualized rate of 17.3%, from $23.6k in 2013 to $99.2k in 2022.

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

Maldives-Iceland Trade: In 2022, Maldives exported $24.1k to Iceland. The main products that Maldives exported to Iceland were Other Nuts ($22.5k), Motor vehicles; parts and accessories (8701 to 8705) ($620), and Frozen Vegetables ($294). Over the past 9 years the exports of Maldives to Iceland have decreased at an annualized rate of 1.05%,  from $25.4k in 2013 to $24.1k in 2022.

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

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B). That same year, Maldives ranked 166 in total exports ($689M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $99.2k to Maldives. The main products exported from Iceland to Maldives were Fish Fillets ($28.3k), Surveying Equipment ($16.1k), and Oscilloscopes ($13.8k). During the last 9 years the exports of Iceland to Maldives have increased at an annualized rate of 17.3%, from $23.6k in 2013 to $99.2k in 2022.

In 2017, Maldives exported $24.1k to Iceland. The main products exported from Maldives to Iceland were Other Nuts ($22.5k), Motor vehicles; parts and accessories (8701 to 8705) ($620), and Frozen Vegetables ($294). During the last 5 years the exports of Maldives to Iceland have decreased at an annualized rate of 1.05%, from $25.4k in 2022 to $24.1k in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Maldives (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Maldives
Top Destination
India$488M

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

In 2022, countries that imported more from Iceland than Maldives included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

In 2022, countries that imported more from Maldives than Iceland included India ($488M), Thailand ($79.4M), and Oman ($14.3M).

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

Comparative Advantage Iceland - Maldives

Flow
Scale

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

During 2022, Iceland had a large net trade with Maldives in the exports of Animal Products ($56.1k), Instruments ($33.6k), and Foodstuffs ($4.67k).

During 2017, Maldives had a large net trade with Iceland in the exports of Vegetable Products ($23.3k), Transportation ($620), and Animal Products ($175).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Iceland and Maldives. This means that a dot/product with the flag of Iceland indicates it has a comparative advantage over Maldives. Similarly, a dot/product with the flag of Maldives indicates it has a comparative advantage over Iceland.

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

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