Summary
- China → Iceland
- $1.1billion
- Iceland → China
- $152million
- China’s balance
- $976million
Balance
China’s trade balance with Iceland
Trade between China and Iceland grew 46.9-fold since 1995
USD billions (current). China’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 1.1
- Imports 0.2
- Balance +1
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $24 million | $3 million | $21 million |
| 1996 | $27 million | $3 million | $25 million |
| 1997 | $29 million | $10 million | $19 million |
| 1998 | $36 million | $8 million | $29 million |
| 1999 | $40 million | $9 million | $32 million |
| 2000 | $54 million | $15 million | $39 million |
| 2001 | $66 million | $21 million | $45 million |
| 2002 | $69 million | $16 million | $53 million |
| 2003 | $103 million | $23 million | $79 million |
| 2004 | $144 million | $22 million | $123 million |
| 2005 | $283 million | $41 million | $242 million |
| 2006 | $303 million | $43 million | $260 million |
| 2007 | $347 million | $41 million | $306 million |
| 2008 | $431 million | $125 million | $306 million |
| 2009 | $180 million | $103 million | $77 million |
| 2010 | $255 million | $39 million | $217 million |
| 2011 | $308 million | $62 million | $245 million |
| 2012 | $340 million | $85 million | $255 million |
| 2013 | $395 million | $73 million | $321 million |
| 2014 | $416 million | $50 million | $366 million |
| 2015 | $414 million | $76 million | $338 million |
| 2016 | $441 million | $96 million | $345 million |
| 2017 | $483 million | $103 million | $379 million |
| 2018 | $683 million | $157 million | $525 million |
| 2019 | $483 million | $138 million | $345 million |
| 2020 | $478 million | $99 million | $379 million |
| 2021 | $704 million | $138 million | $566 million |
| 2022 | $986 million | $170 million | $815 million |
| 2023 | $819 million | $208 million | $611 million |
| 2024 | $1.1 billion | $152 million | $976 million |
What they sell each other
What China sells to Iceland
The top 10 headings in 2024, with their share of the total.
What Iceland sells to China
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Shanghai and Reykjavík is 14,602 nautical miles (27,044 km) long: ≈ 34–43.5 days at sea (at 18 and 14 knots).
Because of the 2024 disruptions, traffic is split: 85% via the Strait of Malacca and Singapore and the Cape of Good Hope (14,602 nautical miles); and 15% via the Strait of Malacca and Singapore, the Bab-el-Mandeb Strait, the Suez Canal and the Strait of Gibraltar (11,233 nautical miles).
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
Iceland was China’s 137th largest trading partner (0% of its trade), and China was Iceland’s 5th (7%).
- Iceland in China’s trade
- 0%
- Iceland’s rank among China’s partners
- 137th
- China in Iceland’s trade
- 7.3%
- China’s rank among Iceland’s partners
- 5th
Compare with
Other partners of China
Other partners of Iceland
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.