Bangladesh (BGD) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Bangladesh-Iceland Trade: In 2022, Bangladesh exported $10.9M to Iceland. The main products that Bangladesh exported to Iceland were Knit Sweaters ($3.32M), Knit T-shirts ($3.28M), and Non-Knit Men's Suits ($1.91M). Over the past 5 years the exports of Bangladesh to Iceland have increased at an annualized rate of 71.8%, from $726k in 2017 to $10.9M in 2022.

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

Iceland-Bangladesh Trade: In 2022, Iceland exported $243k to Bangladesh. The main products that Iceland exported to Bangladesh were Fish oil ($210k), Surveying Equipment ($2.45k), and Knit Men's Suits ($28). Over the past 5 years the exports of Iceland to Bangladesh have increased at an annualized rate of 97.7%, from $8.03k in 2017 to $243k in 2022.

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

Comparison In 2022, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bangladesh exported $10.9M to Iceland. The main products exported from Bangladesh to Iceland were Knit Sweaters ($3.32M), Knit T-shirts ($3.28M), and Non-Knit Men's Suits ($1.91M). During the last 5 years the exports of Bangladesh to Iceland have increased at an annualized rate of 71.8%, from $726k in 2017 to $10.9M in 2022.

In 2017, Iceland exported $243k to Bangladesh. The main products exported from Iceland to Bangladesh were Fish oil ($210k), Surveying Equipment ($2.45k), and Knit Men's Suits ($28). During the last 22 years the exports of Iceland to Bangladesh have increased at an annualized rate of 97.7%, from $8.03k in 1995 to $243k in 2017.

Exports from Bangladesh () to Iceland () (2022)

Exports from Iceland () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Bangladesh than Iceland included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

In 2022, countries that imported more from Iceland than Bangladesh included Nigeria ($69.3M), Norway ($459M), and Lithuania ($40.1M).

Difference in imports from Iceland () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bangladesh had a large net trade with Iceland in the exports of Textiles ($20.5M), Footwear and Headwear ($578k), and Transportation ($123k).

During 2017, Iceland had a large net trade with Bangladesh in the exports of Animal and Vegetable Bi-Products ($210k), Instruments ($2.45k), and Textiles ($28).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Iceland () (2022)

Exports from Iceland () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Iceland ()

Iceland Exports

Market Competitiveness

Difference in imports from Iceland () and Bangladesh () (2022)

Comparative Advantage Bangladesh - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bangladesh () and Iceland () (2022)

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