Bahamas (BHS) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Bahamas-Iceland Trade: In 2022, Bahamas exported $22k to Iceland. The main products that Bahamas exported to Iceland were Rubber Footwear ($10.5k), Hard Liquor ($5.19k), and Plant foliage ($4.19k). Over the past 5 years the exports of Bahamas to Iceland have increased at an annualized rate of 33.2%, from $5.25k in 2017 to $22k in 2022.

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

Iceland-Bahamas Trade: In 2022, Iceland exported $20.1M to Bahamas. The main products that Iceland exported to Bahamas were Refined Petroleum ($20.1M), Broadcasting Equipment ($575), and Base Metal Watches ($318). Over the past 5 years the exports of Iceland to Bahamas have increased at an annualized rate of 49.9%, from $2.66M in 2017 to $20.1M in 2022.

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

Comparison In 2022, Bahamas ranked 139 in total exports ($2.83B). That same year, Iceland ranked 116 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bahamas exported $22k to Iceland. The main products exported from Bahamas to Iceland were Rubber Footwear ($10.5k), Hard Liquor ($5.19k), and Plant foliage ($4.19k). During the last 5 years the exports of Bahamas to Iceland have increased at an annualized rate of 33.2%, from $5.25k in 2017 to $22k in 2022.

In 2017, Iceland exported $20.1M to Bahamas. The main products exported from Iceland to Bahamas were Refined Petroleum ($20.1M), Broadcasting Equipment ($575), and Base Metal Watches ($318). During the last 5 years the exports of Iceland to Bahamas have increased at an annualized rate of 49.9%, from $2.66M in 2022 to $20.1M in 2017.

Exports from Bahamas () to Iceland () (2022)

Exports from Iceland () to Bahamas () (2022)

Latest Data

Trade between Bahamas () and Iceland ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bahamas
Top DestinationUnited States$1.4B

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Bahamas than Iceland included United States ($1.4B), Cote d'Ivoire ($576M), and Thailand ($185M).

In 2022, countries that imported more from Iceland than Bahamas included Netherlands ($1.97B), United Kingdom ($672M), and Norway ($459M).

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

Comparative Advantage Bahamas - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bahamas had a large net trade with Iceland in the exports of Footwear and Headwear ($10.8k), Foodstuffs ($5.19k), and Vegetable Products ($4.19k).

During 2017, Iceland had a large net trade with Bahamas in the exports of Mineral Products ($20.1M), Machines ($1.34k), and Instruments ($318).

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 Bahamas and Iceland. This means that a dot/product with the flag of Bahamas indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over Bahamas.

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Historical Data

Bilateral Trade by Products

Exports from Bahamas () to Iceland () (2022)

Exports from Iceland () to Bahamas () (2022)

Latest Data

Trade between Bahamas () and Iceland ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Bahamas - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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