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Pricing

2022
Flag → Flag
Exports $14.6MRnk 37 / 160
2022
Flag → Flag
Top Product $3.07MExplosive Ammunition
2022
Flag → Flag
Exports $884kRnk 80 / 160
2022
Flag → Flag
Top Product $779kNon-fillet Fresh Fish
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 85 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
Flag
GDP GROWTH56.8%CURRENT US$
Rnk 44 / 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$1,599CURRENT US$
Rnk 154 / 186
2012-2022
Flag
GDP PC GROWTH19.8%CURRENT US$
Rnk 90 / 186

About

Iceland-Senegal Trade: In 2022, Iceland exported $14.6M to Senegal. The main products that Iceland exported to Senegal were Explosive Ammunition ($3.07M), Delivery Trucks ($2.84M), and Refined Petroleum ($2.31M). Over the past 5 years the exports of Iceland to Senegal have increased at an annualized rate of 71.2%, from $994k in 2017 to $14.6M in 2022.

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

Senegal-Iceland Trade: In 2022, Senegal exported $884k to Iceland. The main products that Senegal exported to Iceland were Non-fillet Fresh Fish ($779k), Onions ($35.9k), and Tomatoes ($21.5k). Over the past 5 years the exports of Senegal to Iceland have increased at an annualized rate of 47.9%,  from $125k in 2017 to $884k in 2022.

In 2022, Senegal 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, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $14.6M to Senegal. The main products exported from Iceland to Senegal were Explosive Ammunition ($3.07M), Delivery Trucks ($2.84M), and Refined Petroleum ($2.31M). During the last 5 years the exports of Iceland to Senegal have increased at an annualized rate of 71.2%, from $994k in 2017 to $14.6M in 2022.

In 2017, Senegal exported $884k to Iceland. The main products exported from Senegal to Iceland were Non-fillet Fresh Fish ($779k), Onions ($35.9k), and Tomatoes ($21.5k). During the last 5 years the exports of Senegal to Iceland have increased at an annualized rate of 47.9%, from $125k in 2022 to $884k in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Senegal (Flag)

Iceland Exports

Senegal Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Senegal
Top DestinationMali$1.13B

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

In 2022, countries that imported more from Iceland than Senegal included Netherlands ($1.97B), United Kingdom ($672M), and Germany ($573M).

In 2022, countries that imported more from Senegal than Iceland included Mali ($1.13B), India ($1B), and Switzerland ($662M).

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

Comparative Advantage Iceland - Senegal

Flow
Scale

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

During 2022, Iceland had a large net trade with Senegal in the exports of Weapons ($4.83M), Transportation ($4.41M), and Mineral Products ($2.31M).

During 2017, Senegal had a large net trade with Iceland in the exports of Animal Products ($794k), Vegetable Products ($70.9k), and Transportation ($12.1k).

Economic Complexity

Competitive Landscape

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

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

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