Iceland (ISL) and Burundi (BDI) Trade | The Observatory of Economic Complexity

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Iceland-Burundi Trade: In 2022, Iceland exported $23.3k to Burundi. The main products that Iceland exported to Burundi were Trailers and semi-trailers, not mechanically propelled vehicles ($13.5k) and Natural Polymers ($9.81k). Over the past 7 years the exports of Iceland to Burundi have increased at an annualized rate of 32.4%, from $3.27k in 2015 to $23.3k in 2022.

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

Burundi-Iceland Trade: In 2022, Burundi exported $847 to Iceland. The main products that Burundi exported to Iceland were Coffee ($451) and Knitted Hats ($396). Over the past 7 years the exports of Burundi to Iceland have decreased at an annualized rate of 24%, from $3.34k in 2015 to $847 in 2022.

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

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B). That same year, Burundi ranked 190 in total exports ($187M). 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, Iceland exported $23.3k to Burundi. The main products exported from Iceland to Burundi were Trailers and semi-trailers, not mechanically propelled vehicles ($13.5k) and Natural Polymers ($9.81k). During the last 7 years the exports of Iceland to Burundi have increased at an annualized rate of 32.4%, from $3.27k in 2015 to $23.3k in 2022.

In 2017, Burundi exported $847 to Iceland. The main products exported from Burundi to Iceland were Coffee ($451) and Knitted Hats ($396). During the last 5 years the exports of Burundi to Iceland have decreased at an annualized rate of 24%, from $3.34k in 2022 to $847 in 2017.

Exports from Iceland () to Burundi () (2022)

Exports from Burundi () to Iceland () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Burundi
Top DestinationUnited Arab Emirates$59.9M

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

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

In 2022, countries that imported more from Burundi than Iceland included United Arab Emirates ($59.9M), Democratic Republic of the Congo ($25.7M), and Sudan ($9.21M).

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

Comparative Advantage Iceland - Burundi

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Burundi in the exports of Transportation ($13.5k) and Plastics and Rubbers ($9.81k).

During 2017, Burundi had a large net trade with Iceland in the exports of Vegetable Products ($451) and Footwear and Headwear ($396).

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 Iceland and Burundi. This means that a dot/product with the flag of Iceland indicates it has a comparative advantage over Burundi. Similarly, a dot/product with the flag of Burundi indicates it has a comparative advantage over Iceland.

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Historical Data

Bilateral Trade by Products

Exports from Iceland () to Burundi () (2022)

Exports from Burundi () to Iceland () (2022)

Market Competitiveness

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

Comparative Advantage Iceland - Burundi

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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