Portugal / Iceland

Portugal-Iceland Trade: In 2022, Portugal exported $28.8M to Iceland. The main products that Portugal exported to Iceland were Raw Iron Bars ($3M), Antibiotics ($2.6M), and Hot-Rolled Iron Bars ($1.74M). Over the past 5 years the exports of Portugal to Iceland have increased at an annualized rate of 3.75%, from $24M in 2017 to $28.8M in 2022.

In 2020, Portugal exported services to Iceland worth $3.43M, with Travel ($3.43M) being the largest in terms of value.

Iceland-Portugal Trade: In 2022, Iceland exported $95M to Portugal. The main products that Iceland exported to Portugal were Fish: dried, salted, smoked or in brine ($49.7M), Raw Aluminium ($19.2M), and Non-fillet Frozen Fish ($9.96M). Over the past 5 years the exports of Iceland to Portugal have increased at an annualized rate of 2.66%,  from $79.1M in 2017 to $95M in 2022.

In 2019, Iceland exported services to Portugal worth $10.1M, with Travel ($7.72M), Transportation ($1.46M), and Computer and information services ($448k) being the largest in terms of value.

Comparison In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57),  and 48 in total exports ($81.7B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.