2022
Flag  
GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH
88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC 
$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH
58.5%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186

About

Iceland-Hong Kong Trade: In 2022, Iceland exported $2.5M to Hong Kong. The main products that Iceland exported to Hong Kong were Beauty Products ($696k), Non-fillet Frozen Fish ($421k), and Fishing Ships ($344k). Over the past 5 years the exports of Iceland to Hong Kong have decreased at an annualized rate of 29%, from $13.8M in 2017 to $2.5M in 2022.

In 2019, Iceland exported services to Hong Kong worth $38.8M, with Travel ($27.9M), Computer and information services ($8.51M), and Transportation ($2.02M) being the largest in terms of value.

Hong Kong-Iceland Trade: In 2022, Hong Kong exported $25.6M to Iceland. The main products that Hong Kong exported to Iceland were Aluminium Oxide ($11.4M), Aluminium Foil ($5.71M), and Broadcasting Equipment ($872k). Over the past 5 years the exports of Hong Kong to Iceland have increased at an annualized rate of 0.25%,  from $25.2M in 2017 to $25.6M in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $2.5M to Hong Kong. The main products exported from Iceland to Hong Kong were Beauty Products ($696k), Non-fillet Frozen Fish ($421k), and Fishing Ships ($344k). During the last 5 years the exports of Iceland to Hong Kong have decreased at an annualized rate of 29%, from $13.8M in 2017 to $2.5M in 2022.

In 2017, Hong Kong exported $25.6M to Iceland. The main products exported from Hong Kong to Iceland were Aluminium Oxide ($11.4M), Aluminium Foil ($5.71M), and Broadcasting Equipment ($872k). During the last 5 years the exports of Hong Kong to Iceland have increased at an annualized rate of 0.25%, from $25.2M in 2022 to $25.6M in 2017.

Exports from Iceland (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Iceland (Flag) (2022)

Latest Data

Trade between Iceland (Flag) and Hong Kong (Flag)

Iceland Exports

Hong Kong Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Hong Kong
Top Destination
China$23.4B

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

In 2022, countries that imported more from Iceland than Hong Kong included Norway ($459M), Poland ($367M), and Greenland ($28.2M).

In 2022, countries that imported more from Hong Kong than Iceland included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

Difference in imports from Hong Kong (Flag) and Iceland (Flag) (2022)

Comparative Advantage Iceland - Hong Kong

Flow
Scale

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

During 2022, Iceland had a large net trade with Hong Kong in the exports of Chemical Products ($738k), Animal Products ($663k), and Transportation ($348k).

During 2017, Hong Kong had a large net trade with Iceland in the exports of Chemical Products ($11.8M), Metals ($6.46M), and Machines ($3.91M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iceland Hong Kong+N/AN/A
Top Product Potential Hong Kong Iceland+N/AN/A

N/A

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Iceland (Flag) and Hong Kong (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with