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2023
Flag → Flag
Exports $8.6MRnk 41 / 157
2023
Flag → Flag
Top Product $1.44MFish Oil
2023
Flag → Flag
Exports $11.7MRnk 83 / 183
2023
Flag → Flag
Top Product $5.68MFish Oil
2023
Flag
Economic Complexity (ECI) ECI -0.2Rnk 72 / 132
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 139 / 195
2023
Flag
GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195
2023
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GDP PC$17,068CURRENT US$
Rnk 68 / 196
2013-2023
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GDP PC GROWTH8.83%CURRENT US$
Rnk 137 / 195

About

Iceland-Chile Trade: In 2023, Iceland exported $8.6M to Chile. The main products that Iceland exported to Chile were Fish Oil ($1.44M), Lifting Machinery ($1.19M), and Industrial Food Preperation Machinery ($857k). Over the past 5 years the exports of Iceland to Chile have decreased at an annualized rate of 0.75%, from $8.93M in 2018 to $8.6M in 2023.

In 2019, Iceland exported services to Chile worth $1.57M, with Travel ($1.57M) being the largest in terms of value.

Chile-Iceland Trade: In 2023, Chile exported $11.7M to Iceland. The main products that Chile exported to Iceland were Fish Oil ($5.68M), Wine ($1.71M), and Grapes ($663k). Over the past 5 years the exports of Chile to Iceland have decreased at an annualized rate of 10.1%,  from $20M in 2018 to $11.7M in 2023.

In 2023, Chile did not export any services to Iceland.

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $8.6M to Chile. The main products exported from Iceland to Chile were Fish Oil ($1.44M), Lifting Machinery ($1.19M), and Industrial Food Preperation Machinery ($857k). During the last 5 years the exports of Iceland to Chile have decreased at an annualized rate of 0.75%, from $8.93M in 2018 to $8.6M in 2023.

In 2018, Chile exported $11.7M to Iceland. The main products exported from Chile to Iceland were Fish Oil ($5.68M), Wine ($1.71M), and Grapes ($663k). During the last 5 years the exports of Chile to Iceland have decreased at an annualized rate of 10.1%, from $20M in 2023 to $11.7M in 2018.

Exports from Iceland (Flag) to Chile (Flag) (2023)

Exports from Chile (Flag) to Iceland (Flag) (2023)

Latest Data

Trade between Iceland (Flag) and Chile (Flag)

Iceland Exports

Chile Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Chile
Top DestinationChina$38.2B

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

In 2023, countries that imported more from Iceland than Chile included Netherlands ($1.97B), Poland ($298M), and Greenland ($72.3M).

In 2023, countries that imported more from Chile than Iceland included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

Difference in imports from Chile (Flag) and Iceland (Flag) (2023)

Comparative Advantage Iceland - Chile

Flow
Scale

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

During 2023, Iceland had a large net trade with Chile in the exports of Machines ($5.1M), Animal and Vegetable Bi-Products ($1.51M), and Instruments ($1.11M).

During 2018, Chile had a large net trade with Iceland in the exports of Animal and Vegetable Bi-Products ($5.68M), Vegetable Products ($2.84M), and Foodstuffs ($1.93M).

Economic Complexity

Competitive Landscape

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

Product Space of Iceland (Flag) and Chile (Flag) (2023)

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