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2023
Flag → Flag
Exports $665kRnk 86 / 157
2023
Flag → Flag
Top Product $289kNon-fillet Frozen Fish
2023
Flag → Flag
Exports $17MRnk 72 / 177
2023
Flag → Flag
Top Product $7MFish Oil
2023
Flag
Economic Complexity (ECI) ECI -0.61Rnk 90 / 132
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$268BCURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP GROWTH33%CURRENT US$
Rnk 108 / 195
2023
Flag
GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC$7,907CURRENT US$
Rnk 97 / 196
2013-2023
Flag
GDP PC GROWTH17.2%CURRENT US$
Rnk 111 / 195

About

Iceland-Peru Trade: In 2023, Iceland exported $665k to Peru. The main products that Iceland exported to Peru were Non-fillet Frozen Fish ($289k), Orthopedic Appliances ($147k), and Scales ($147k). Over the past 5 years the exports of Iceland to Peru have increased at an annualized rate of 7.69%, from $459k in 2018 to $665k in 2023.

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

Peru-Iceland Trade: In 2023, Peru exported $17M to Iceland. The main products that Peru exported to Iceland were Fish Oil ($7M), Other Fruits ($2.54M), and Tropical Fruits ($1.78M). Over the past 5 years the exports of Peru to Iceland have increased at an annualized rate of 15.6%,  from $8.2M in 2018 to $17M in 2023.

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $665k to Peru. The main products exported from Iceland to Peru were Non-fillet Frozen Fish ($289k), Orthopedic Appliances ($147k), and Scales ($147k). During the last 5 years the exports of Iceland to Peru have increased at an annualized rate of 7.69%, from $459k in 2018 to $665k in 2023.

In 2018, Peru exported $17M to Iceland. The main products exported from Peru to Iceland were Fish Oil ($7M), Other Fruits ($2.54M), and Tropical Fruits ($1.78M). During the last 5 years the exports of Peru to Iceland have increased at an annualized rate of 15.6%, from $8.2M in 2023 to $17M in 2018.

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

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

Latest Data

Trade between Iceland (Flag) and Peru (Flag)

Iceland Exports

Peru Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Iceland than Peru included Norway ($444M), Netherlands ($1.97B), and Denmark ($228M).

In 2023, countries that imported more from Peru than Iceland included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

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

Comparative Advantage Iceland - Peru

Flow
Scale

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

During 2023, Iceland had a large net trade with Peru in the exports of Animal Products ($289k), Machines ($191k), and Instruments ($160k).

During 2018, Peru had a large net trade with Iceland in the exports of Animal and Vegetable Bi-Products ($7M), Vegetable Products ($6.26M), and Animal Products ($2.03M).

Economic Complexity

Competitive Landscape

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

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

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