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Pricing

2022
Flag → Flag
Exports $12.5kRnk 140 / 160
2022
Flag → Flag
Top Product $8.95kPackaged Medicaments
2022
Flag → Flag
Exports $243kRnk 121 / 164
2022
Flag → Flag
Top Product $147kNon-fillet Frozen Fish
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 116 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP$75.7BCURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP GROWTH90.9%CURRENT US$
Rnk 18 / 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$1,192CURRENT US$
Rnk 163 / 186
2012-2022
Flag
GDP PC GROWTH39.5%CURRENT US$
Rnk 49 / 186

About

Iceland-Tanzania Trade: In 2022, Iceland exported $12.5k to Tanzania. The main products that Iceland exported to Tanzania were Packaged Medicaments ($8.95k), Padlocks ($1.93k), and Plastic Pipes ($908). Over the past 5 years the exports of Iceland to Tanzania have increased at an annualized rate of 15.7%, from $6.05k in 2017 to $12.5k in 2022.

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

Tanzania-Iceland Trade: In 2022, Tanzania exported $243k to Iceland. The main products that Tanzania exported to Iceland were Non-fillet Frozen Fish ($147k), Tropical Fruits ($31.7k), and Refined Petroleum ($28.5k). Over the past 5 years the exports of Tanzania to Iceland have increased at an annualized rate of 26.1%,  from $76.4k in 2017 to $243k in 2022.

In 2022, Tanzania 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, Tanzania ranked 116 in the Economic Complexity Index (ECI -1.08), and 104 in total exports ($10B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $12.5k to Tanzania. The main products exported from Iceland to Tanzania were Packaged Medicaments ($8.95k), Padlocks ($1.93k), and Plastic Pipes ($908). During the last 5 years the exports of Iceland to Tanzania have increased at an annualized rate of 15.7%, from $6.05k in 2017 to $12.5k in 2022.

In 2017, Tanzania exported $243k to Iceland. The main products exported from Tanzania to Iceland were Non-fillet Frozen Fish ($147k), Tropical Fruits ($31.7k), and Refined Petroleum ($28.5k). During the last 5 years the exports of Tanzania to Iceland have increased at an annualized rate of 26.1%, from $76.4k in 2022 to $243k in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Tanzania (Flag)

Iceland Exports

Tanzania Exports

Date

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Tanzania
Top DestinationIndia$2.73B

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

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

In 2022, countries that imported more from Tanzania than Iceland included India ($2.73B), United Arab Emirates ($1.07B), and South Africa ($939M).

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

Comparative Advantage Iceland - Tanzania

Flow
Scale

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

During 2022, Iceland had a large net trade with Tanzania in the exports of Chemical Products ($8.95k), Metals ($2.02k), and Plastics and Rubbers ($908).

During 2017, Tanzania had a large net trade with Iceland in the exports of Animal Products ($147k), Vegetable Products ($56.5k), and Mineral Products ($28.5k).

Economic Complexity

Competitive Landscape

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

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

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