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2022
Flag → Flag
Exports $980kRnk 75 / 160
2022
Flag → Flag
Top Product $660kRefined Petroleum
2022
Flag → Flag
Exports $22kRnk 46 / 89
2022
Flag → Flag
Top Product $21.7kRefined Petroleum
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
GDP PC $72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186

About

Iceland-Bermuda Trade: In 2022, Iceland exported $980k to Bermuda. The main products that Iceland exported to Bermuda were Refined Petroleum ($660k), Water ($269k), and Other Construction Vehicles ($34.1k). Over the past 5 years the exports of Iceland to Bermuda have increased at an annualized rate of 5.77%, from $741k in 2017 to $980k in 2022.

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

Bermuda-Iceland Trade: In 2022, Bermuda exported $22k to Iceland. The main products that Bermuda exported to Iceland were Refined Petroleum ($21.7k), Perfumes ($199), and Brochures ($64). Over the past 5 years the exports of Bermuda to Iceland have increased at an annualized rate of 45.9%,  from $3.33k in 2017 to $22k in 2022.

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

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B). That same year, Bermuda ranked 199 in total exports ($68.1M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $980k to Bermuda. The main products exported from Iceland to Bermuda were Refined Petroleum ($660k), Water ($269k), and Other Construction Vehicles ($34.1k). During the last 5 years the exports of Iceland to Bermuda have increased at an annualized rate of 5.77%, from $741k in 2017 to $980k in 2022.

In 2017, Bermuda exported $22k to Iceland. The main products exported from Bermuda to Iceland were Refined Petroleum ($21.7k), Perfumes ($199), and Brochures ($64). During the last 5 years the exports of Bermuda to Iceland have increased at an annualized rate of 45.9%, from $3.33k in 2022 to $22k in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Bermuda (Flag)

Iceland Exports

Bermuda Exports

Date

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Bermuda
Top DestinationZambia$17.5M

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

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

In 2022, countries that imported more from Bermuda than Iceland included Zambia ($17.5M), Angola ($7.13M), and Tanzania ($5.76M).

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

Comparative Advantage Iceland - Bermuda

Flow
Scale

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

During 2022, Iceland had a large net trade with Bermuda in the exports of Mineral Products ($660k), Foodstuffs ($279k), and Machines ($34.1k).

During 2017, Bermuda had a large net trade with Iceland in the exports of Mineral Products ($21.7k), Chemical Products ($199), and Paper Goods ($64).

Economic Complexity

Competitive Landscape

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

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

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