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2022
Flag → Flag
Exports $29.4MRnk 72 / 187
2022
Flag → Flag
Top Product $27.1MCoal Briquettes
2022
Flag → Flag
Exports $1.26MRnk 67 / 160
2022
Flag → Flag
Top Product $782kFish Oil
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 186
2022
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 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
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GDP PC $6,630CURRENT US$
Rnk 98 / 186
2012-2022
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GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186
2022
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GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Colombia-Iceland Trade: In 2022, Colombia exported $29.4M to Iceland. The main products that Colombia exported to Iceland were Coal Briquettes ($27.1M), Coffee ($993k), and Tropical Fruits ($547k). Over the past 5 years the exports of Colombia to Iceland have increased at an annualized rate of 68.7%, from $2.15M in 2017 to $29.4M in 2022.

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

Iceland-Colombia Trade: In 2022, Iceland exported $1.26M to Colombia. The main products that Iceland exported to Colombia were Fish Oil ($782k), Orthopedic Appliances ($255k), and Non-fillet Frozen Fish ($187k). Over the past 5 years the exports of Iceland to Colombia have decreased at an annualized rate of 3.03%,  from $1.47M in 2017 to $1.26M in 2022.

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

Comparison In 2022,  Colombia ranked 58 in the Economic Complexity Index (ECI 0.11),  and 53 in total exports ($60.3B). 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
Value

In 2022, Colombia exported $29.4M to Iceland. The main products exported from Colombia to Iceland were Coal Briquettes ($27.1M), Coffee ($993k), and Tropical Fruits ($547k). During the last 5 years the exports of Colombia to Iceland have increased at an annualized rate of 68.7%, from $2.15M in 2017 to $29.4M in 2022.

In 2017, Iceland exported $1.26M to Colombia. The main products exported from Iceland to Colombia were Fish Oil ($782k), Orthopedic Appliances ($255k), and Non-fillet Frozen Fish ($187k). During the last 5 years the exports of Iceland to Colombia have decreased at an annualized rate of 3.03%, from $1.47M in 2022 to $1.26M in 2017.

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

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

Latest Data

Trade between Colombia (Flag) and Iceland (Flag)

Colombia Exports

Iceland Exports

Market Competitiveness

Color
Colombia
Top DestinationUnited States$15.6B
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Colombia than Iceland included United States ($15.6B), Panama ($5.84B), and India ($2.55B).

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

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

Comparative Advantage Colombia - Iceland

Flow
Scale

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

During 2022, Colombia had a large net trade with Iceland in the exports of Mineral Products ($27.1M), Vegetable Products ($2.1M), and Miscellaneous ($73.2k).

During 2017, Iceland had a large net trade with Colombia in the exports of Animal and Vegetable Bi-Products ($782k), Instruments ($256k), and Animal Products ($187k).

Economic Complexity

Competitive Landscape

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

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

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