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2022
Flag → Flag
Exports $281MRnk 81 / 223
2022
Flag → Flag
Top Product $253MAluminium Oxide
2022
Flag → Flag
Exports $15.6MRnk 35 / 160
2022
Flag → Flag
Top Product $5.43MFish Fillets
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Brazil-Iceland Trade: In 2022, Brazil exported $281M to Iceland. The main products that Brazil exported to Iceland were Aluminium Oxide ($253M), Corn ($9.64M), and Petroleum Coke ($8.47M). Over the past 5 years the exports of Brazil to Iceland have increased at an annualized rate of 3.61%, from $236M in 2017 to $281M in 2022.

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

Iceland-Brazil Trade: In 2022, Iceland exported $15.6M to Brazil. The main products that Iceland exported to Brazil were Fish Fillets ($5.43M), Aluminium Foil ($4.1M), and Orthopedic Appliances ($1.91M). Over the past 5 years the exports of Iceland to Brazil have increased at an annualized rate of 1.48%,  from $14.5M in 2017 to $15.6M in 2022.

In 2019, Iceland exported services to Brazil worth $6.83M, with Travel ($6.72M) and Transportation ($112k) being the largest in terms of value.

Comparison In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36),  and 25 in total exports ($341B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, Brazil exported $42.9M and imported $670k from Iceland, resulting in a positive trade balance of $42.2M. Between September 2023 and September 2024 the exports of Brazil have increased by $19M (79.8%) from $23.9M to $42.9M, while imports decreased by $-188k (-21.9%) from $858k to $670k.

Trade In September 2024, the top exports of Brazil to Iceland were Aluminium Oxide ($11.1M), Petroleum Coke ($10.1M), Hair Products ($19.1k), and Knit Active Wear ($34). In September 2024 the top imports of Brazil from Iceland were Aluminium Foil ($901k), Fish Fillets ($462k), Fish: dried, salted, smoked or in... ($211k), Orthopedic Appliances ($94.5k), and X-Ray Equipment ($51k).

Origins In September 2024 the exports of Brazil were mainly from Maranhão ($25.4M), Pará ($16.8M), Rio de Janeiro ($410k), and São Paulo ($285k), while imports destinations were mainly Rio Grande do Sul ($467k) and São Paulo ($203k).

Growth In September 2024, the increase in Brazil's year-by-year exports to Iceland was explained primarily by an increase in product exports in . In September 2024, the decrease in Brazil's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in Orthopedic Appliances ($-109k or -53.6%), Fish Fillets ($-31.1k or -6.32%), and Natural Polymers ($-258 or -70.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)$19M(79.8%)
IMPORT GROWTH (September 2023 - September 2024)$-188k(-21.9%)
MAIN EXPORTER (September 2024)Maranhão$25.4M

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Iceland and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $281M to Iceland. The main products exported from Brazil to Iceland were Aluminium Oxide ($253M), Corn ($9.64M), and Petroleum Coke ($8.47M). During the last 5 years the exports of Brazil to Iceland have increased at an annualized rate of 3.61%, from $236M in 2017 to $281M in 2022.

In 2017, Iceland exported $15.6M to Brazil. The main products exported from Iceland to Brazil were Fish Fillets ($5.43M), Aluminium Foil ($4.1M), and Orthopedic Appliances ($1.91M). During the last 5 years the exports of Iceland to Brazil have increased at an annualized rate of 1.48%, from $14.5M in 2022 to $15.6M in 2017.

Exports from Brazil (Flag) to Iceland (Flag) (2022)

Exports from Iceland (Flag) to Brazil (Flag) (2022)

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Brazil than Iceland included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, countries that imported more from Iceland than Brazil included Greenland ($28.2M), Belarus ($14.9M), and Wallis and Futuna ($3.54M).

Difference in imports from Iceland (Flag) and Brazil (Flag) (2022)

Comparative Advantage Brazil - Iceland

Flow
Scale

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

During 2022, Brazil had a large net trade with Iceland in the exports of Chemical Products ($255M), Vegetable Products ($12.9M), and Mineral Products ($9.11M).

During 2017, Iceland had a large net trade with Brazil in the exports of Animal Products ($5.78M), Metals ($4.1M), and Machines ($2.86M).

Bilateral Service Trade

In 2019, Iceland exported services to Brazil worth $6.83M, with Travel ($6.72M) and Transportation ($112k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland (Flag) to Brazil (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Brazil (Flag) and Iceland (Flag) (2022)

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