Iceland / Philippines

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).