2023
Flag  
GDP
$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH
17%CURRENT US$
Rnk 148 / 195
2023
Flag
 GDP
$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH
94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC 
$14,187CURRENT US$
Rnk 73 / 195
2013-2023
Flag
GDP PC GROWTH
9.44%CURRENT US$
Rnk 135 / 195
2023
Flag
GDP PC
$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH
59.9%CURRENT US$
Rnk 31 / 195

About

Argentina-Iceland Trade: In 2023, Argentina exported $8.67M to Iceland. The main products that Argentina exported to Iceland were Molluscs ($6.49M), Wine ($935k), and Ground Nuts ($423k). Over the past 5 years the exports of Argentina to Iceland have increased at an annualized rate of 5.61%, from $6.6M in 2018 to $8.67M in 2023.

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

Iceland-Argentina Trade: In 2023, Iceland exported $1.77M to Argentina. The main products that Iceland exported to Argentina were Orthopedic Appliances ($622k), Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($241k), and Twine and Rope ($221k). Over the past 5 years the exports of Iceland to Argentina have decreased at an annualized rate of 12.6%,  from $3.47M in 2018 to $1.77M in 2023.

In 2019, Iceland exported services to Argentina worth $2.02M, with Travel ($2.02M) being the largest in terms of value.

Comparison In 2023,  Argentina ranked 61 in the Economic Complexity Index (ECI 0.043),  and 50 in total exports ($68.3B). That same year, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Argentina exported $8.67M to Iceland. The main products exported from Argentina to Iceland were Molluscs ($6.49M), Wine ($935k), and Ground Nuts ($423k). During the last 5 years the exports of Argentina to Iceland have increased at an annualized rate of 5.61%, from $6.6M in 2018 to $8.67M in 2023.

In 2018, Iceland exported $1.77M to Argentina. The main products exported from Iceland to Argentina were Orthopedic Appliances ($622k), Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($241k), and Twine and Rope ($221k). During the last 5 years the exports of Iceland to Argentina have decreased at an annualized rate of 12.6%, from $3.47M in 2023 to $1.77M in 2018.

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

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

Latest Data

Trade between Argentina (Flag) and Iceland (Flag)

Argentina Exports

Iceland Exports

Market Competitiveness

Color
Argentina
Top Destination
Brazil$12.1B
Iceland
Top Destination
Netherlands$1.97B

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

In 2023, countries that imported more from Argentina than Iceland included Brazil ($12.1B), Chile ($5.57B), and United States ($6.27B).

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

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

Comparative Advantage Argentina - Iceland

Flow
Scale

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

During 2023, Argentina had a large net trade with Iceland in the exports of Animal Products ($6.62M), Foodstuffs ($1.06M), and Vegetable Products ($710k).

During 2018, Iceland had a large net trade with Argentina in the exports of Instruments ($712k), Textiles ($462k), and Machines ($197k).

Bilateral Service Trade

In 2019, Iceland exported services to Argentina worth $2.02M, with Travel ($2.02M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland (Flag) to Argentina (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with