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Pricing

2022
Flag → Flag
Exports $385kRnk 93 / 160
2022
Flag → Flag
Top Product $142kNon-fillet Frozen Fish
2022
Flag → Flag
Exports $4.91MRnk 103 / 205
2022
Flag → Flag
Top Product $1.02MOffice Machine Parts
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Iceland-Philippines Trade: In 2022, Iceland exported $385k to Philippines. The main products that Iceland exported to Philippines were Non-fillet Frozen Fish ($142k), Cheese ($120k), and Natural Polymers ($58.2k). Over the past 5 years the exports of Iceland to Philippines have decreased at an annualized rate of 19.9%, from $1.17M in 2017 to $385k in 2022.

In 2019, Iceland exported services to Philippines worth $5.82M, with Travel ($5.49M) and Transportation ($336k) being the largest in terms of value.

Philippines-Iceland Trade: In 2022, Philippines exported $4.91M to Iceland. The main products that Philippines exported to Iceland were Office Machine Parts ($1.02M), Electrical Transformers ($493k), and Other Processed Fruits and Nuts ($356k). Over the past 5 years the exports of Philippines to Iceland have increased at an annualized rate of 7.88%,  from $3.36M in 2017 to $4.91M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $385k to Philippines. The main products exported from Iceland to Philippines were Non-fillet Frozen Fish ($142k), Cheese ($120k), and Natural Polymers ($58.2k). During the last 5 years the exports of Iceland to Philippines have decreased at an annualized rate of 19.9%, from $1.17M in 2017 to $385k in 2022.

In 2017, Philippines exported $4.91M to Iceland. The main products exported from Philippines to Iceland were Office Machine Parts ($1.02M), Electrical Transformers ($493k), and Other Processed Fruits and Nuts ($356k). During the last 5 years the exports of Philippines to Iceland have increased at an annualized rate of 7.88%, from $3.36M in 2022 to $4.91M in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Philippines (Flag)

Iceland Exports

Philippines Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from Iceland than Philippines included Norway ($459M), Denmark ($257M), and Nigeria ($69.3M).

In 2022, countries that imported more from Philippines than Iceland included China ($15.3B), United States ($15.5B), and Hong Kong ($12.6B).

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

Comparative Advantage Iceland - Philippines

Flow
Scale

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

During 2022, Iceland had a large net trade with Philippines in the exports of Animal Products ($262k), Plastics and Rubbers ($58.8k), and Machines ($23.4k).

During 2017, Philippines had a large net trade with Iceland in the exports of Machines ($2.21M), Foodstuffs ($801k), and Textiles ($441k).

Economic Complexity

Competitive Landscape

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

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

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