Argentina (ARG) and Iceland (ISL) Trade | The Observatory of Economic Complexity

About

Argentina-Iceland Trade: In 2022, Argentina exported $5.06M to Iceland. The main products that Argentina exported to Iceland were Molluscs ($3.26M), Wine ($876k), and Ground Nuts ($233k). Over the past 5 years the exports of Argentina to Iceland have increased at an annualized rate of 6.37%, from $3.71M in 2017 to $5.06M in 2022.

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

Iceland-Argentina Trade: In 2022, Iceland exported $1.21M to Argentina. The main products that Iceland exported to Argentina were Orthopedic Appliances ($825k), Non-fillet Frozen Fish ($53.4k), and Scales ($44.4k). Over the past 5 years the exports of Iceland to Argentina have decreased at an annualized rate of 2.64%, from $2.01M in 2017 to $1.21M in 2022.

In 2019, Iceland exported services to Argentina worth $2.02M, with Travel ($2.02M) being the largest in terms of value.

Comparison In 2022, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B). 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, Argentina exported $5.06M to Iceland. The main products exported from Argentina to Iceland were Molluscs ($3.26M), Wine ($876k), and Ground Nuts ($233k). During the last 5 years the exports of Argentina to Iceland have increased at an annualized rate of 6.37%, from $3.71M in 2017 to $5.06M in 2022.

In 2017, Iceland exported $1.21M to Argentina. The main products exported from Iceland to Argentina were Orthopedic Appliances ($825k), Non-fillet Frozen Fish ($53.4k), and Scales ($44.4k). During the last 5 years the exports of Iceland to Argentina have decreased at an annualized rate of 2.64%, from $2.01M in 2022 to $1.21M in 2017.

Exports from Argentina () to Iceland () (2022)

Exports from Iceland () to Argentina () (2022)

Latest Data

Trade between Argentina () and Iceland ()

Argentina Exports

Date

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Argentina
Top DestinationBrazil$12.6B

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Argentina than Iceland included Brazil ($12.6B), China ($8B), and United States ($6.99B).

In 2022, countries that imported more from Iceland than Argentina included Norway ($459M), Denmark ($257M), and Czechia ($106M).

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

Comparative Advantage Argentina - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Argentina had a large net trade with Iceland in the exports of Animal Products ($3.34M), Foodstuffs ($955k), and Vegetable Products ($500k).

During 2017, Iceland had a large net trade with Argentina in the exports of Instruments ($854k), Machines ($167k), and Animal Products ($53.4k).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

Isl Year

In 2019, Iceland exported services to Argentina worth $2.02M, with Travel ($2.02M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland () to Argentina () (2019)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Argentina and Iceland. This means that a dot/product with the flag of Argentina indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over Argentina.

About

Historical Data

Bilateral Trade by Products

Exports from Argentina () to Iceland () (2022)

Exports from Iceland () to Argentina () (2022)

Latest Data

Trade between Argentina () and Iceland ()

Argentina Exports

Iceland Exports

Market Competitiveness

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

Comparative Advantage Argentina - Iceland

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Bilateral Service Trade

Services Exports from Iceland () to Argentina () (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Keep Exploring