Iceland - Trade Openness 2019
83.79%
−5.14% from 2018
Iceland's trade openness was 83.79% in 2019, decreased +5.14% from 88.93% in 2018. This was the 99th highest globally.
Global Ranking - 2019▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Cuba | 22.82% | -15.7% |
| 2nd | Sudan | 26.12% | 19.4% |
| 3rd | United States | 26.45% | -4.2% |
| 4th | Brazil | 28.89% | 0.0% |
| 5th | Pakistan | 28.91% | 4.6% |
| 6th | Bangladesh | 31.58% | -2.9% |
| 7th | Kenya | 31.76% | -7.7% |
| 8th | Argentina | 32.63% | 6.1% |
| 9th | Tanzania | 33.02% | 1.2% |
| 10th | China | 35.20% | -4.6% |
| 11th | Japan | 35.22% | -3.8% |
| 12th | Niger | 37.10% | -1.2% |
| 13th | Colombia | 37.56% | 2.8% |
| 14th | Sierra Leone | 37.56% | 0.5% |
| 15th | Indonesia | 37.63% | -12.6% |
| 16th | Uganda | 39.36% | 7.4% |
| 17th | India | 39.91% | -8.5% |
| 18th | Egypt, Arab Republic of | 41.12% | -10.4% |
| 19th | Syrian Arab Republic | 42.00% | -17.1% |
| 20th | Comoros | 42.27% | -1.7% |
| 21st | Cameroon | 43.38% | 6.9% |
| 22nd | Malawi | 44.20% | 1.4% |
| 23rd | Turkmenistan | 44.29% | -13.0% |
| 24th | Haiti | 44.57% | -1.3% |
| 25th | Côte d'Ivoire | 44.66% | -3.0% |
| 26th | Guatemala | 45.52% | -3.2% |
| 27th | Bolivia, Plurinational State of | 45.82% | -2.4% |
| 28th | Australia | 46.00% | 5.6% |
| 29th | Zimbabwe | 46.11% | -15.5% |
| 30th | Algeria | 46.51% | -11.3% |
| 31st | Chad | 46.68% | -0.1% |
| 32nd | Peru | 46.94% | -3.5% |
| 33rd | Ecuador | 48.08% | 0.2% |
| 34th | Iran, Islamic Republic of | 48.59% | -14.2% |
| 35th | Russian Federation | 49.23% | -4.6% |
| 36th | Nepal | 49.25% | 1.7% |
| 37th | Sri Lanka | 49.43% | -0.8% |
| 38th | Uruguay | 49.74% | 4.1% |
| 39th | Guinea-Bissau | 49.94% | -9.2% |
| 40th | Central African Republic | 50.07% | 0.8% |
| 41st | Dominican Republic | 50.91% | -2.7% |
| 42nd | South Africa | 53.90% | -1.1% |
| 43rd | Mali | 54.00% | 6.5% |
| 44th | New Zealand | 54.45% | -2.4% |
| 45th | Gambia, The | 56.00% | -13.6% |
| 46th | Tajikistan | 56.05% | 0.4% |
| 47th | Israel | 56.33% | -4.1% |
| 48th | Togo | 56.34% | -2.1% |
| 49th | Saudi Arabia | 56.79% | -3.9% |
| 50th | Chile | 57.61% | -1.0% |
| 51st | Rwanda | 57.98% | 3.9% |
| 52nd | New Caledonia | 58.21% | -1.5% |
| 53rd | Italy | 58.69% | -1.0% |
| 54th | Burkina Faso | 60.41% | -0.3% |
| 55th | Angola | 60.71% | 3.1% |
| 56th | Congo, Democratic Republic of | 60.91% | -16.0% |
| 57th | Türkiye | 62.58% | -0.4% |
| 58th | Madagascar | 62.60% | -7.7% |
| 59th | Lebanon | 62.98% | -7.7% |
| 60th | French Polynesia | 63.31% | -2.6% |
| 61st | Benin | 63.68% | 3.1% |
| 62nd | Senegal | 64.24% | 4.0% |
| 63rd | Kazakhstan | 64.86% | 2.1% |
| 64th | Uzbekistan | 64.96% | 1.3% |
| 65th | United Kingdom | 65.00% | 0.1% |
| 66th | Costa Rica | 65.76% | -1.8% |
| 67th | Canada | 66.17% | -0.6% |
| 68th | Spain | 66.37% | -1.0% |
| 69th | France | 66.43% | -0.6% |
| 70th | Bahamas, The | 68.79% | -4.7% |
| 71st | Zambia | 68.79% | -8.1% |
| 72nd | Philippines | 68.84% | -4.6% |
| 73rd | Iraq | 68.99% | 4.8% |
| 74th | West Bank and Gaza | 68.99% | -3.4% |
| 75th | Somalia, Fed. Rep. | 70.30% | -4.8% |
| 76th | Timor-Leste | 70.61% | 8.9% |
| 77th | Norway | 70.90% | 1.3% |
| 78th | Paraguay | 71.22% | -1.2% |
| 79th | Korea | 71.45% | -4.4% |
| 80th | Gabon | 73.43% | -4.7% |
| 81st | Albania | 75.38% | -0.4% |
| 82nd | Morocco | 76.00% | -1.6% |
| 83rd | El Salvador | 76.04% | 0.5% |
| 84th | Bhutan | 76.12% | -4.5% |
| 85th | Ghana | 76.82% | 13.0% |
| 86th | Mexico | 77.46% | -3.4% |
| 87th | Bermuda | 77.56% | 0.0% |
| 88th | Guam | 78.06% | 7.0% |
| 89th | Guinea | 78.42% | -11.9% |
| 90th | Libya | 78.99% | 23.9% |
| 91st | Germany | 79.07% | -0.1% |
| 92nd | Panama | 80.43% | -6.6% |
| 93rd | Finland | 80.56% | 1.8% |
| 94th | Greece | 80.59% | 1.7% |
| 95th | Namibia | 82.90% | 1.5% |
| 96th | Solomon Islands | 83.00% | -6.2% |
| 97th | Botswana | 83.09% | -5.0% |
| 98th | Samoa | 83.33% | 5.6% |
| 99th | Iceland | 83.79% | -5.8% |
| 100th | Romania | 84.91% | -2.5% |
| 101st | Jordan | 85.69% | -2.2% |
| 102nd | Kosovo | 85.75% | -0.7% |
| 103rd | Azerbaijan | 85.82% | -6.4% |
| 104th | Oman | 86.48% | -3.1% |
| 105th | Eswatini | 86.64% | 1.3% |
| 106th | Portugal | 86.77% | 0.0% |
| 107th | Moldova | 87.63% | 0.2% |
| 108th | Tonga | 88.05% | 2.3% |
| 109th | Qatar | 90.05% | -2.0% |
| 110th | Ukraine | 90.51% | -8.8% |
| 111th | European Union | 90.55% | 0.1% |
| 112th | Congo, Republic of | 91.58% | -9.0% |
| 113th | Kuwait | 91.69% | -10.8% |
| 114th | Greenland | 92.19% | 2.7% |
| 115th | Sweden | 92.75% | 2.6% |
| 116th | Mauritania | 93.49% | 4.9% |
| 117th | Nicaragua | 94.04% | 0.1% |
| 118th | Kyrgyz Republic | 94.43% | -4.5% |
| 119th | Bosnia and Herzegovina | 94.52% | -4.0% |
| 120th | Equatorial Guinea | 94.88% | -8.5% |
| 121st | Micronesia, Federated States of | 95.69% | -7.6% |
| 122nd | Armenia | 97.85% | 5.8% |
| 123rd | Kiribati | 98.31% | 17.9% |
| 124th | Vanuatu | 99.38% | -10.2% |
| 125th | Honduras | 99.46% | -4.0% |
| 126th | Croatia | 101.39% | 2.3% |
| 127th | Poland | 101.58% | -0.8% |
| 128th | Tunisia | 102.33% | -1.5% |
| 129th | Belize | 102.44% | 1.4% |
| 130th | Cabo Verde | 103.60% | -2.1% |
| 131st | Northern Mariana Islands | 104.75% | -3.7% |
| 132nd | Mozambique | 105.59% | -15.3% |
| 133rd | Puerto Rico (US) | 107.57% | 1.5% |
| 134th | Serbia | 107.58% | 1.9% |
| 135th | Austria | 108.21% | -0.2% |
| 136th | Brunei Darussalam | 108.51% | 15.6% |
| 137th | Faroe Islands | 108.62% | 1.6% |
| 138th | Thailand | 109.69% | -9.2% |
| 139th | Montenegro | 110.02% | -1.0% |
| 140th | Denmark | 111.89% | 2.8% |
| 141st | Cayman Islands | 114.84% | -1.9% |
| 142nd | Macao SAR, China | 115.23% | -1.1% |
| 143rd | Palau | 115.46% | -2.0% |
| 144th | Cambodia | 115.74% | -2.3% |
| 145th | Georgia | 117.81% | 7.2% |
| 146th | Malaysia | 123.03% | -5.7% |
| 147th | Switzerland | 124.13% | -0.2% |
| 148th | Mongolia | 124.40% | -1.6% |
| 149th | Bulgaria | 125.26% | -3.0% |
| 150th | Latvia | 125.29% | -2.3% |
| 151st | Mauritius | 127.94% | 3.6% |
| 152nd | Belarus | 130.85% | -6.1% |
| 153rd | Bahrain | 135.42% | -6.0% |
| 154th | Maldives | 137.13% | -3.8% |
| 155th | Antigua and Barbuda | 137.54% | 5.3% |
| 156th | Aruba | 137.96% | -0.6% |
| 157th | Czechia | 138.15% | -4.8% |
| 158th | North Macedonia | 138.58% | 4.0% |
| 159th | Estonia | 140.35% | -2.2% |
| 160th | Lesotho | 140.52% | -2.7% |
| 161st | Lithuania | 148.37% | 0.8% |
| 162nd | Cyprus | 150.51% | 2.0% |
| 163rd | Marshall Islands | 153.01% | 19.1% |
| 164th | Virgin Islands (US) | 155.42% | -2.4% |
| 165th | Nauru | 155.91% | 10.9% |
| 166th | American Samoa | 156.57% | -8.9% |
| 167th | Hungary | 159.93% | -1.7% |
| 168th | Slovenia | 160.04% | -1.6% |
| 169th | Netherlands | 160.68% | -1.8% |
| 170th | United Arab Emirates | 163.82% | 5.9% |
| 171st | Viet Nam | 164.70% | 0.0% |
| 172nd | Belgium | 165.47% | -1.7% |
| 173rd | Seychelles | 173.41% | -6.6% |
| 174th | Slovak Republic | 183.72% | -2.7% |
| 175th | Malta | 233.07% | 2.2% |
| 176th | Ireland | 257.65% | 15.8% |
| 177th | San Marino | 307.26% | -0.7% |
| 178th | Djibouti | 320.94% | 6.8% |
| 179th | Singapore | 324.39% | -0.7% |
| 180th | Hong Kong SAR, China | 353.74% | -6.1% |
| 181st | Luxembourg | 382.66% | 5.7% |
FAQ
What was Iceland's trade openness in 2019?▾
Iceland's trade openness in 2019 was 83.79%. This ranked 99th globally.
How did Iceland's trade openness change in 2019?▾
Iceland's trade openness decreased by 5.8% in 2019 compared to 2018.
Which country had the highest trade openness in 2019?▾
Luxembourg had the highest trade openness in 2019 at 382.66%.
What is the trade openness of Iceland in 2019?▾
The trade openness of Iceland in 2019 was 83.79%. This ranked 99th globally.
How does 2019 compare to 2018 for Iceland's trade openness?▾
Iceland's trade openness went from 88.93% in 2018 to 83.79% in 2019, a 5.8% decrease.
Related
2018
2020
All years
Full ranking 2019
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
vs United States
NATO Trade Openness
OECD Trade Openness
Global Ranking