Iceland (ISL) and Ukraine (UKR) Trade | The Observatory of Economic Complexity

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Iceland-Ukraine Trade: In 2022, Iceland exported $23.4M to Ukraine. The main products that Iceland exported to Ukraine were Non-fillet Frozen Fish ($13.3M), Fish Fillets ($3.44M), and Processed Fish ($2.27M). Over the past 5 years the exports of Iceland to Ukraine have decreased at an annualized rate of 8.08%, from $35.6M in 2017 to $23.4M in 2022.

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

Ukraine-Iceland Trade: In 2022, Ukraine exported $5.72M to Iceland. The main products that Ukraine exported to Iceland were Audio Alarms ($454k), Knitted Hats ($389k), and Rubber Apparel ($319k). Over the past 5 years the exports of Ukraine to Iceland have increased at an annualized rate of 9.27%, from $2.16M in 2017 to $5.72M in 2022.

In 2022, Ukraine 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, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $23.4M to Ukraine. The main products exported from Iceland to Ukraine were Non-fillet Frozen Fish ($13.3M), Fish Fillets ($3.44M), and Processed Fish ($2.27M). During the last 5 years the exports of Iceland to Ukraine have decreased at an annualized rate of 8.08%, from $35.6M in 2017 to $23.4M in 2022.

In 2017, Ukraine exported $5.72M to Iceland. The main products exported from Ukraine to Iceland were Audio Alarms ($454k), Knitted Hats ($389k), and Rubber Apparel ($319k). During the last 5 years the exports of Ukraine to Iceland have increased at an annualized rate of 9.27%, from $2.16M in 2022 to $5.72M in 2017.

Exports from Iceland () to Ukraine () (2022)

Exports from Ukraine () to Iceland () (2022)

Latest Data

Trade between Iceland () and Ukraine ()

Iceland Exports

Date

Ukraine Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Ukraine
Top DestinationPoland$6.7B

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

In 2022, countries that imported more from Iceland than Ukraine included Netherlands ($1.97B), Norway ($459M), and United Kingdom ($672M).

In 2022, countries that imported more from Ukraine than Iceland included Poland ($6.7B), Romania ($3.94B), and Turkey ($3.02B).

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

Comparative Advantage Iceland - Ukraine

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Ukraine in the exports of Animal Products ($18.5M), Foodstuffs ($2.52M), and Machines ($778k).

During 2017, Ukraine had a large net trade with Iceland in the exports of Textiles ($1.38M), Machines ($994k), and Miscellaneous ($866k).

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 Iceland and Ukraine. This means that a dot/product with the flag of Iceland indicates it has a comparative advantage over Ukraine. Similarly, a dot/product with the flag of Ukraine indicates it has a comparative advantage over Iceland.

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Historical Data

Bilateral Trade by Products

Exports from Iceland () to Ukraine () (2022)

Exports from Ukraine () to Iceland () (2022)

Latest Data

Trade between Iceland () and Ukraine ()

Iceland Exports

Ukraine Exports

Market Competitiveness

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

Comparative Advantage Iceland - Ukraine

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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