NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $21.7MRnk 75 / 138
2023
Flag → Flag
Top Product $3.47MKnit T-shirts
2023
Flag → Flag
Exports $340kRnk 98 / 157
2023
Flag → Flag
Top Product $332kFish Oil
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC $2,551CURRENT US$
Rnk 146 / 195
2013-2023
Flag
GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Bangladesh-Iceland Trade: In 2023, Bangladesh exported $21.7M to Iceland. The main products that Bangladesh exported to Iceland were Knit T-shirts ($3.47M), Knit Sweaters ($3.38M), and Non-Knit Men's Suits ($2.18M). Over the past 5 years the exports of Bangladesh to Iceland have increased at an annualized rate of 11%, from $12.9M in 2018 to $21.7M in 2023.

In 2023, Bangladesh did not export any services to Iceland.

Iceland-Bangladesh Trade: In 2023, Iceland exported $340k to Bangladesh. The main products that Iceland exported to Bangladesh were Fish Oil ($332k), Other Measuring Instruments ($4.24k), and Other Edible Preparations ($1.76k). Over the past 5 years the exports of Iceland to Bangladesh have increased at an annualized rate of 9.22%,  from $218k in 2018 to $340k in 2023.

In 2023, Iceland did not export any services to Bangladesh.

Comparison In 2023,  Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03),  and 55 in total exports ($54.5B). That same year, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bangladesh exported $21.7M to Iceland. The main products exported from Bangladesh to Iceland were Knit T-shirts ($3.47M), Knit Sweaters ($3.38M), and Non-Knit Men's Suits ($2.18M). During the last 5 years the exports of Bangladesh to Iceland have increased at an annualized rate of 11%, from $12.9M in 2018 to $21.7M in 2023.

In 2018, Iceland exported $340k to Bangladesh. The main products exported from Iceland to Bangladesh were Fish Oil ($332k), Other Measuring Instruments ($4.24k), and Other Edible Preparations ($1.76k). During the last 5 years the exports of Iceland to Bangladesh have increased at an annualized rate of 9.22%, from $218k in 2023 to $340k in 2018.

Exports from Bangladesh (Flag) to Iceland (Flag) (2023)

Exports from Iceland (Flag) to Bangladesh (Flag) (2023)

Latest Data

Trade between Bangladesh (Flag) and Iceland (Flag)

Iceland Exports

Market Competitiveness

Color
Bangladesh
Top DestinationUnited States$8.58B
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from Bangladesh than Iceland included United States ($8.58B), Germany ($8.28B), and Spain ($3.95B).

In 2023, countries that imported more from Iceland than Bangladesh included Netherlands ($1.97B), Norway ($444M), and Greenland ($72.3M).

Difference in imports from Iceland (Flag) and Bangladesh (Flag) (2023)

Comparative Advantage Bangladesh - Iceland

Flow
Scale

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

During 2023, Bangladesh had a large net trade with Iceland in the exports of Textiles ($20.7M), Footwear and Headwear ($494k), and Animal Products ($180k).

During 2018, Iceland had a large net trade with Bangladesh in the exports of Animal and Vegetable Bi-Products ($332k), Instruments ($4.42k), and Foodstuffs ($1.76k).

Economic Complexity

Competitive Landscape

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

Product Space of Bangladesh (Flag) and Iceland (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms