Pakistan (PAK) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Pakistan-Iceland Trade: In 2022, Pakistan exported $7.28M to Iceland. The main products that Pakistan exported to Iceland were House Linens ($2.04M), Non-Knit Men's Suits ($1.42M), and Knit Sweaters ($557k). Over the past 5 years the exports of Pakistan to Iceland have increased at an annualized rate of 9.24%, from $4.68M in 2017 to $7.28M in 2022.

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

Iceland-Pakistan Trade: In 2022, Iceland exported $126k to Pakistan. The main products that Iceland exported to Pakistan were Gas and Liquid Flow Measuring Instruments ($60.9k), Fish oil ($30.8k), and Synthetic Coloring Matter ($10.3k). Over the past 5 years the exports of Iceland to Pakistan have decreased at an annualized rate of 40.1%, from $1.63M in 2017 to $126k in 2022.

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

Comparison In 2022, Pakistan ranked 84 in the Economic Complexity Index (ECI -0.45), and 66 in total exports ($38.6B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Pakistan exported $7.28M to Iceland. The main products exported from Pakistan to Iceland were House Linens ($2.04M), Non-Knit Men's Suits ($1.42M), and Knit Sweaters ($557k). During the last 5 years the exports of Pakistan to Iceland have increased at an annualized rate of 9.24%, from $4.68M in 2017 to $7.28M in 2022.

In 2017, Iceland exported $126k to Pakistan. The main products exported from Iceland to Pakistan were Gas and Liquid Flow Measuring Instruments ($60.9k), Fish oil ($30.8k), and Synthetic Coloring Matter ($10.3k). During the last 5 years the exports of Iceland to Pakistan have decreased at an annualized rate of 40.1%, from $1.63M in 2022 to $126k in 2017.

Exports from Pakistan () to Iceland () (2022)

Exports from Iceland () to Pakistan () (2022)

Latest Data

Trade between Pakistan () and Iceland ()

Pakistan Exports

Date

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Pakistan
Top DestinationUnited States$6.47B

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Pakistan than Iceland included United States ($6.47B), China ($2.79B), and United Arab Emirates ($2.58B).

In 2022, countries that imported more from Iceland than Pakistan included Netherlands ($1.97B), Norway ($459M), and Greenland ($28.2M).

Difference in imports from Iceland () and Pakistan () (2022)

Comparative Advantage Pakistan - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Pakistan had a large net trade with Iceland in the exports of Textiles ($6.04M), Miscellaneous ($337k), and Animal Hides ($285k).

During 2017, Iceland had a large net trade with Pakistan in the exports of Instruments ($62.9k), Animal and Vegetable Bi-Products ($30.8k), and Chemical Products ($12.5k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Pakistan () to Iceland () (2022)

Exports from Iceland () to Pakistan () (2022)

Latest Data

Trade between Pakistan () and Iceland ()

Pakistan Exports

Iceland Exports

Market Competitiveness

Difference in imports from Iceland () and Pakistan () (2022)

Comparative Advantage Pakistan - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Pakistan () and Iceland () (2022)

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