Romania / Iceland

Romania-Iceland Trade: In 2022, Romania exported $22.5M to Iceland. The main products that Romania exported to Iceland were Cars ($10.9M), Electric Heaters ($1.04M), and Leather Footwear ($842k). Over the past 5 years the exports of Romania to Iceland have increased at an annualized rate of 2.1%, from $20.3M in 2017 to $22.5M in 2022.

In 2020, Romania exported services to Iceland worth $10.6M, with Other business services ($7.77M), Travel ($1.94M), and Computer and information services ($685k) being the largest in terms of value.

Iceland-Romania Trade: In 2022, Iceland exported $1.25M to Romania. The main products that Iceland exported to Romania were Other Edible Preparations ($378k), Processed Fish ($316k), and Fish oil ($292k). Over the past 5 years the exports of Iceland to Romania have decreased at an annualized rate of 14.8%,  from $2.77M in 2017 to $1.25M in 2022.

In 2019, Iceland exported services to Romania worth $5.71M, with Travel ($5.49M) and Transportation ($224k) being the largest in terms of value.

Comparison In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03),  and 43 in total exports ($99.5B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.