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2022
Flag → Flag
Exports $21.5MRnk 76 / 139
2022
Flag → Flag
Top Product $3.32MKnit Sweaters
2022
Flag → Flag
Exports $213kRnk 102 / 160
2022
Flag → Flag
Top Product $210kFish Oil
2022
Flag
Economic Complexity (ECI) ECI -0.82Rnk 101 / 133
2022
Flag  
GDP$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH245%CURRENT US$
Rnk 2 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC $2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH207%CURRENT US$
Rnk 2 / 186
2022
Flag
GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Bangladesh-Iceland Trade: In 2022, Bangladesh exported $21.5M 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 14.6%, from $10.9M in 2017 to $21.5M in 2022.

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

Iceland-Bangladesh Trade: In 2022, Iceland exported $213k 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 decreased at an annualized rate of 2.58%,  from $243k in 2017 to $213k 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
Value

In 2022, Bangladesh exported $21.5M 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 14.6%, from $10.9M in 2017 to $21.5M in 2022.

In 2017, Iceland exported $213k 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 5 years the exports of Iceland to Bangladesh have decreased at an annualized rate of 2.58%, from $243k in 2022 to $213k in 2017.

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

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

Latest Data

Trade between Bangladesh (Flag) and Iceland (Flag)

Iceland Exports

Market Competitiveness

Color
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 (Flag) and Bangladesh (Flag) (2022)

Comparative Advantage Bangladesh - Iceland

Flow
Scale

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).

Economic Complexity

Competitive Landscape

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.

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

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