Iceland (ISL) and Montserrat (MSR) Trade | The Observatory of Economic Complexity

About

Iceland-Montserrat Trade: In 2023, Iceland exported $65.3k to Montserrat. The main products that Iceland exported to Montserrat were Refined Petroleum ($65.3k). Over the past 6 years the exports of Iceland to Montserrat have increased at an annualized rate of 64.8%, from $3.26k in 2017 to $65.3k in 2023.

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

Montserrat-Iceland In N/A, Montserrat did not export any products to Iceland.

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

Comparison In 2023, Iceland ranked 115 in total exports ($7.31B). That same year, Montserrat ranked 218 in total exports ($6.05M). 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 2023, Iceland exported $65.3k to Montserrat. The main products exported from Iceland to Montserrat were Refined Petroleum ($65.3k). During the last 6 years the exports of Iceland to Montserrat have increased at an annualized rate of 64.8%, from $3.26k in 2017 to $65.3k in 2023.

Montserrat does not register exports to Iceland. The main products exported from Montserrat to Iceland were Motor vehicles; parts and accessories (8701 to 8705) ($298) and Other Knit Garments ($11).

Exports from Iceland () to Montserrat () (2023)

Exports from Montserrat () to Iceland () (2023)

Latest Data

Trade between Iceland () and Montserrat ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Montserrat
Top DestinationUnited States$1.49M

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

In 2023, countries that imported more from Iceland than Montserrat included Netherlands ($1.97B), Germany ($771M), and United States ($735M).

In 2023, countries that imported more from Montserrat than Iceland included Guyana ($768k), Grenada ($54.3k), and Malawi ($16.7k).

Difference in imports from Montserrat () and Iceland () (2023)

Comparative Advantage Iceland - Montserrat

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Iceland had a large net trade with Montserrat in the exports of Mineral Products ($65.3k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iceland () to Montserrat () (2023)

Exports from Montserrat () to Iceland () (2023)

Latest Data

Trade between Iceland () and Montserrat ()

Iceland Exports

Market Competitiveness

Difference in imports from Montserrat () and Iceland () (2023)

Comparative Advantage Iceland - Montserrat

Economic Complexity

Competitive Landscape

Product Space of Iceland () and Montserrat () (2023)

Keep Exploring