Gambia (GMB) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Gambia-Iceland Trade: In 2022, Gambia exported $106 to Iceland. The main products that Gambia exported to Iceland were Fish: dried, salted, smoked or in brine ($106). Over the past 8 years the exports of Gambia to Iceland have decreased at an annualized rate of 41.4%, from $7.59k in 2014 to $106 in 2022.

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

Iceland-Gambia Trade: In 2022, Iceland exported $13k to Gambia. The main products that Iceland exported to Gambia were N/A. Over the past 8 years the exports of Iceland to Gambia have decreased at an annualized rate of 52.3%, from $524k in 2014 to $13k in 2022.

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

Comparison In 2022, Gambia ranked 193 in total exports ($170M). That same year, Iceland ranked 116 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Gambia exported $106 to Iceland. The main products exported from Gambia to Iceland were Fish: dried, salted, smoked or in brine ($106). During the last 8 years the exports of Gambia to Iceland have decreased at an annualized rate of 41.4%, from $7.59k in 2014 to $106 in 2022.

In 2016, Iceland exported $13k to Gambia. There were not main exports from Iceland to Gambia in 2016. During the last 5 years the exports of Iceland to Gambia have decreased at an annualized rate of 52.3%, from $524k in 2021 to $13k in 2016.

Exports from Gambia () to Iceland () (2022)

Exports from Iceland () to Gambia () (2022)

Latest Data

Trade between Gambia () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gambia
Top DestinationIndia$52.9M

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Gambia than Iceland included India ($52.9M), Pakistan ($3.69M), and Chile ($11.1M).

In 2022, countries that imported more from Iceland than Gambia included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

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

Comparative Advantage Gambia - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Gambia had a large net trade with Iceland in the exports of Animal Products ($106).

During 2016, Iceland had a large net trade with Gambia in the exports of .

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Gambia () to Iceland () (2022)

Exports from Iceland () to Gambia () (2022)

Latest Data

Trade between Gambia () and Iceland ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Gambia - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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