Iceland - Trade Openness 2018
88.93%
+2.58% from 2017
Iceland's trade openness was 88.93% in 2018, increased +2.58% from 86.36% in 2017. This was the 107th highest globally.
Global Ranking - 2018▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Sudan | 21.87% | 22.6% |
| 2nd | Cuba | 27.08% | 3.3% |
| 3rd | United States | 27.61% | 1.1% |
| 4th | Pakistan | 27.63% | 8.5% |
| 5th | Brazil | 28.88% | 18.7% |
| 6th | Argentina | 30.76% | 21.6% |
| 7th | Bangladesh | 32.51% | 8.4% |
| 8th | Tanzania | 32.64% | -1.4% |
| 9th | Kenya | 34.41% | -4.4% |
| 10th | Colombia | 36.53% | 3.5% |
| 11th | Japan | 36.61% | 6.4% |
| 12th | Uganda | 36.64% | -0.5% |
| 13th | China | 36.89% | -0.2% |
| 14th | Sierra Leone | 37.38% | -10.0% |
| 15th | Niger | 37.54% | -3.9% |
| 16th | Cameroon | 40.59% | 3.5% |
| 17th | Comoros | 43.00% | 7.1% |
| 18th | Indonesia | 43.07% | 9.4% |
| 19th | Australia | 43.57% | 3.7% |
| 20th | Malawi | 43.58% | -3.8% |
| 21st | India | 43.62% | 7.1% |
| 22nd | Haiti | 45.14% | 7.3% |
| 23rd | Egypt, Arab Republic of | 45.91% | 7.2% |
| 24th | Côte d'Ivoire | 46.04% | -5.4% |
| 25th | Chad | 46.74% | 8.0% |
| 26th | Bolivia, Plurinational State of | 46.93% | 3.0% |
| 27th | Guatemala | 47.01% | 2.0% |
| 28th | Uruguay | 47.79% | 3.0% |
| 29th | Ecuador | 48.01% | 10.1% |
| 30th | Nepal | 48.45% | 8.5% |
| 31st | Peru | 48.63% | 2.4% |
| 32nd | Central African Republic | 49.66% | -13.1% |
| 33rd | Sri Lanka | 49.81% | 5.7% |
| 34th | Syrian Arab Republic | 50.66% | -17.0% |
| 35th | Mali | 50.70% | 2.4% |
| 36th | Turkmenistan | 50.90% | -5.0% |
| 37th | Russian Federation | 51.58% | 10.0% |
| 38th | Dominican Republic | 52.34% | 3.1% |
| 39th | Algeria | 52.44% | 5.2% |
| 40th | South Africa | 54.49% | 1.8% |
| 41st | Zimbabwe | 54.55% | -0.9% |
| 42nd | Guinea-Bissau | 55.02% | -3.3% |
| 43rd | New Zealand | 55.77% | 3.0% |
| 44th | Rwanda | 55.78% | 3.9% |
| 45th | Tajikistan | 55.85% | 3.8% |
| 46th | Yemen, Republic of | 56.08% | 30.5% |
| 47th | Iran, Islamic Republic of | 56.62% | 31.2% |
| 48th | Togo | 57.57% | -1.1% |
| 49th | Chile | 58.18% | 3.8% |
| 50th | Israel | 58.74% | 4.4% |
| 51st | Angola | 58.92% | 29.0% |
| 52nd | New Caledonia | 59.10% | 0.3% |
| 53rd | Saudi Arabia | 59.10% | -0.7% |
| 54th | Italy | 59.27% | 2.9% |
| 55th | Burkina Faso | 60.60% | 2.2% |
| 56th | Senegal | 61.79% | 7.1% |
| 57th | Benin | 61.80% | 0.5% |
| 58th | Türkiye | 62.83% | 11.9% |
| 59th | Kazakhstan | 63.53% | 11.8% |
| 60th | Libya | 63.78% | 34.1% |
| 61st | Uzbekistan | 64.14% | 50.7% |
| 62nd | Gambia, The | 64.81% | 16.3% |
| 63rd | Timor-Leste | 64.82% | 10.5% |
| 64th | United Kingdom | 64.91% | 2.7% |
| 65th | French Polynesia | 65.01% | 19.1% |
| 66th | Iraq | 65.80% | 10.1% |
| 67th | Canada | 66.60% | 2.3% |
| 68th | France | 66.80% | 2.2% |
| 69th | Costa Rica | 66.95% | 2.9% |
| 70th | Spain | 67.01% | 1.3% |
| 71st | Madagascar | 67.84% | 3.8% |
| 72nd | Ghana | 67.96% | -3.7% |
| 73rd | Lebanon | 68.26% | -0.3% |
| 74th | Norway | 70.00% | 1.3% |
| 75th | West Bank and Gaza | 71.40% | 4.3% |
| 76th | Paraguay | 72.07% | 1.4% |
| 77th | Bahamas, The | 72.15% | 5.6% |
| 78th | Philippines | 72.16% | 5.9% |
| 79th | Congo, Democratic Republic of | 72.56% | 10.1% |
| 80th | Guam | 72.96% | 5.3% |
| 81st | Somalia, Fed. Rep. | 73.82% | 7.5% |
| 82nd | Korea | 74.71% | 2.1% |
| 83rd | Zambia | 74.89% | 4.6% |
| 84th | El Salvador | 75.63% | 1.8% |
| 85th | Albania | 75.69% | -1.4% |
| 86th | Gabon | 77.04% | 2.6% |
| 87th | Morocco | 77.25% | 4.2% |
| 88th | Bermuda | 77.56% | 7.1% |
| 89th | Samoa | 78.93% | 6.7% |
| 90th | Germany | 79.13% | 2.2% |
| 91st | Finland | 79.14% | 4.2% |
| 92nd | Greece | 79.24% | 11.8% |
| 93rd | Bhutan | 79.74% | 3.8% |
| 94th | Mexico | 80.21% | 4.2% |
| 95th | Namibia | 81.71% | 0.6% |
| 96th | Kiribati | 83.37% | -17.1% |
| 97th | Eswatini | 85.49% | -1.6% |
| 98th | Tonga | 86.10% | -2.2% |
| 99th | Panama | 86.13% | 2.5% |
| 100th | Kosovo | 86.32% | 7.3% |
| 101st | Portugal | 86.74% | 2.3% |
| 102nd | Romania | 87.09% | -0.1% |
| 103rd | Moldova | 87.45% | -1.3% |
| 104th | Botswana | 87.46% | 6.8% |
| 105th | Jordan | 87.64% | -2.3% |
| 106th | Solomon Islands | 88.49% | 7.7% |
| 107th | Iceland | 88.93% | 3.0% |
| 108th | Guinea | 88.98% | -12.1% |
| 109th | Mauritania | 89.15% | 13.1% |
| 110th | Oman | 89.28% | 0.4% |
| 111th | Greenland | 89.78% | 6.6% |
| 112th | Sweden | 90.41% | 5.0% |
| 113th | European Union | 90.43% | 1.9% |
| 114th | Azerbaijan | 91.67% | 1.4% |
| 115th | Qatar | 91.84% | 0.4% |
| 116th | Armenia | 92.47% | 6.0% |
| 117th | Brunei Darussalam | 93.90% | 10.2% |
| 118th | Nicaragua | 93.98% | -2.5% |
| 119th | Bosnia and Herzegovina | 98.43% | 1.8% |
| 120th | Kyrgyz Republic | 98.88% | -1.7% |
| 121st | Croatia | 99.08% | 1.9% |
| 122nd | Ukraine | 99.20% | -4.6% |
| 123rd | Congo, Republic of | 100.58% | 6.3% |
| 124th | Belize | 100.99% | 3.4% |
| 125th | Poland | 102.44% | 1.9% |
| 126th | Kuwait | 102.79% | 5.1% |
| 127th | Honduras | 103.55% | 1.7% |
| 128th | Micronesia, Federated States of | 103.57% | 0.2% |
| 129th | Equatorial Guinea | 103.65% | 1.2% |
| 130th | Tunisia | 103.87% | 8.4% |
| 131st | Serbia | 105.56% | 2.7% |
| 132nd | Cabo Verde | 105.87% | 5.8% |
| 133rd | Puerto Rico (US) | 106.00% | -6.3% |
| 134th | Faroe Islands | 106.87% | -0.3% |
| 135th | Austria | 108.38% | 2.7% |
| 136th | Northern Mariana Islands | 108.76% | -17.2% |
| 137th | Denmark | 108.81% | 4.4% |
| 138th | Georgia | 109.85% | 7.1% |
| 139th | Vanuatu | 110.68% | 4.9% |
| 140th | Montenegro | 111.10% | 4.1% |
| 141st | Macao SAR, China | 116.57% | 1.0% |
| 142nd | Cayman Islands | 117.12% | -0.3% |
| 143rd | Palau | 117.87% | -3.2% |
| 144th | Cambodia | 118.44% | -2.2% |
| 145th | Thailand | 120.84% | 0.0% |
| 146th | Mauritius | 123.54% | -2.7% |
| 147th | Switzerland | 124.43% | 0.7% |
| 148th | Mozambique | 124.61% | 17.8% |
| 149th | Mongolia | 126.36% | 9.0% |
| 150th | Latvia | 128.23% | -0.4% |
| 151st | Marshall Islands | 128.48% | 2.7% |
| 152nd | Bulgaria | 129.17% | -0.4% |
| 153rd | Malaysia | 130.40% | -2.1% |
| 154th | Antigua and Barbuda | 130.66% | 2.3% |
| 155th | North Macedonia | 133.22% | 7.3% |
| 156th | Aruba | 138.82% | 0.1% |
| 157th | Belarus | 139.39% | 4.5% |
| 158th | Nauru | 140.64% | -1.0% |
| 159th | Maldives | 142.49% | 0.4% |
| 160th | Estonia | 143.49% | -0.8% |
| 161st | Bahrain | 144.08% | 5.6% |
| 162nd | Lesotho | 144.43% | -1.3% |
| 163rd | Czechia | 145.14% | -1.8% |
| 164th | Lithuania | 147.20% | 1.6% |
| 165th | Cyprus | 147.62% | -0.3% |
| 166th | United Arab Emirates | 154.75% | -6.5% |
| 167th | Curaçao | 155.27% | 11.1% |
| 168th | Virgin Islands (US) | 159.24% | 1.0% |
| 169th | Slovenia | 162.61% | 2.5% |
| 170th | Hungary | 162.70% | -1.4% |
| 171st | Netherlands | 163.56% | 2.5% |
| 172nd | Viet Nam | 164.66% | 2.3% |
| 173rd | Belgium | 168.28% | 0.8% |
| 174th | American Samoa | 171.83% | 6.4% |
| 175th | Seychelles | 185.71% | -5.9% |
| 176th | Slovak Republic | 188.73% | 1.1% |
| 177th | Ireland | 222.45% | -4.7% |
| 178th | Malta | 228.10% | 7.1% |
| 179th | Djibouti | 300.40% | -1.8% |
| 180th | San Marino | 309.49% | -1.4% |
| 181st | Singapore | 326.60% | 3.1% |
| 182nd | Luxembourg | 361.87% | 2.3% |
| 183rd | Hong Kong SAR, China | 376.89% | 0.0% |
FAQ
What was Iceland's trade openness in 2018?▾
Iceland's trade openness in 2018 was 88.93%. This ranked 107th globally.
How did Iceland's trade openness change in 2018?▾
Iceland's trade openness increased by 3.0% in 2018 compared to 2017.
Which country had the highest trade openness in 2018?▾
Hong Kong SAR, China had the highest trade openness in 2018 at 376.89%.
What is the trade openness of Iceland in 2018?▾
The trade openness of Iceland in 2018 was 88.93%. This ranked 107th globally.
How does 2018 compare to 2017 for Iceland's trade openness?▾
Iceland's trade openness went from 86.36% in 2017 to 88.93% in 2018, a 3.0% increase.
Related
2017
2019
All years
Full ranking 2018
Exports
Imports
Trade Balance
Current Account Balance
FDI Inflows
Peak: 2012
Lowest: 1992
Trade Openness 1990s
Trade Openness 2000s
Trade Openness 2010s
Trade Openness 2020s
Highest ever
Lowest ever
Average
vs Cayman Islands
vs Singapore
vs Norway
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NATO Trade Openness
OECD Trade Openness
Global Ranking