Iceland (ISL) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Iceland-Brazil In 2022, Iceland exported $15.6M to Brazil. The main products that Iceland exported to Brazil are Fish Fillets ($5.43M), Aluminium Foil ($4.1M), and Orthopedic Appliances ($1.91M). During the last 27 years the exports of Iceland to Brazil have increased at an annualized rate of 2.46%, from $8.09M in 1995 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.

Brazil-Iceland 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). During the last 27 years the exports of Brazil to Iceland have increased at an annualized rate of 16.7%, from $4.31M in 1995 to $281M in 2022.

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

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.29), and 25 in total exports ($341B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 27 years the exports of Iceland to Brazil have increased at an annualized rate of 2.46%, from $8.09M in 1995 to $15.6M in 2022.

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 27 years the exports of Brazil to Iceland have increased at an annualized rate of 16.7%, from $4.31M in 1995 to $281M in 2022.

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

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

Latest Data

Trade between Iceland () and Brazil ()

Iceland Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Brazil
Top DestinationChina$90.1B

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

In 2021, countries that imported more from Iceland than Brazil were Greenland ($28.2M), Belarus ($14.9M), and Wallis and Futuna ($3.54M).

In 2021, countries that imported more from Brazil than Iceland were China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

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

Comparative Advantage Iceland - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Brazil in the exports of Animal Products ($5.78M), Metals ($4.1M), and Machines ($2.86M).

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).

Service Trade

Bilateral Service Trade

Isl Year

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 () to Brazil () (2019)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Iceland has comparative advantage over Brazil. Similarly, the more yellow a dot/product is, the more Brazil has comparative advantage over Iceland.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Iceland () and Brazil ()

Iceland Exports

Brazil Exports

Market Competitiveness

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

Comparative Advantage Iceland - Brazil

Service Trade

Bilateral Service Trade

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

Economic Complexity

Competitive Landscape

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

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