Qatar (QAT) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Qatar-Iceland Trade: In 2022, Qatar exported $54.4k to Iceland. The main products that Qatar exported to Iceland were Bathroom Ceramics ($27k), Refined Petroleum ($18k), and Liquid Pumps ($3.12k). Over the past 5 years the exports of Qatar to Iceland have increased at an annualized rate of 81.6%, from $2.75k in 2017 to $54.4k in 2022.

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

Iceland-Qatar Trade: In 2022, Iceland exported $3.19M to Qatar. The main products that Iceland exported to Qatar were Hydrogen ($2.71M), Non-fillet Fresh Fish ($242k), and Water ($197k). Over the past 5 years the exports of Iceland to Qatar have increased at an annualized rate of 79.9%, from $169k in 2017 to $3.19M in 2022.

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

Comparison In 2022, Qatar ranked 71 in the Economic Complexity Index (ECI -0.15), and 38 in total exports ($119B). 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, Qatar exported $54.4k to Iceland. The main products exported from Qatar to Iceland were Bathroom Ceramics ($27k), Refined Petroleum ($18k), and Liquid Pumps ($3.12k). During the last 5 years the exports of Qatar to Iceland have increased at an annualized rate of 81.6%, from $2.75k in 2017 to $54.4k in 2022.

In 2017, Iceland exported $3.19M to Qatar. The main products exported from Iceland to Qatar were Hydrogen ($2.71M), Non-fillet Fresh Fish ($242k), and Water ($197k). During the last 5 years the exports of Iceland to Qatar have increased at an annualized rate of 79.9%, from $169k in 2022 to $3.19M in 2017.

Exports from Qatar () to Iceland () (2022)

Exports from Iceland () to Qatar () (2022)

Latest Data

Trade between Qatar () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Qatar
Top DestinationChina$21.1B

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Qatar than Iceland included China ($21.1B), India ($17.4B), and Japan ($12B).

In 2022, countries that imported more from Iceland than Qatar included Netherlands ($1.97B), Norway ($459M), and Poland ($367M).

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

Comparative Advantage Qatar - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Qatar had a large net trade with Iceland in the exports of Stone And Glass ($27.3k), Mineral Products ($18k), and Machines ($7.24k).

During 2017, Iceland had a large net trade with Qatar in the exports of Chemical Products ($2.71M), Animal Products ($242k), and Foodstuffs ($197k).

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

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Historical Data

Bilateral Trade by Products

Exports from Qatar () to Iceland () (2022)

Exports from Iceland () to Qatar () (2022)

Latest Data

Trade between Qatar () and Iceland ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Qatar - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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