2022
Flag  
GDP
$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH
88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP
$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH
0%CURRENT US$
Rnk 165 / 186
2022
Flag
GDP PC 
$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH
58.5%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC
$462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH
0%CURRENT US$
Rnk 143 / 186

About

In N/A, Iceland did not export any services to Somalia.

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

In N/A, Somalia did not export any services to Iceland.

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B). That same year, Somalia ranked 167 in total exports ($569M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

Iceland does not register exports to Somalia.

Somalia does not register exports to Iceland. The main products exported from Somalia to Iceland were Citrus ($421), Knit Socks and Hosiery ($48), and Beauty Products ($20).

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

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

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Somalia
Top Destination
United Arab Emirates$283M

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

In 2022, countries that imported more from Iceland than Somalia included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

In 2022, countries that imported more from Somalia than Iceland included United Arab Emirates ($283M), Oman ($173M), and Bulgaria ($18.5M).

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

Comparative Advantage Iceland - Somalia

Flow
Scale

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

Economic Complexity

Competitive Landscape

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

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

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