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2023
Flag → Flag
Exports $230MRnk 87 / 221
2023
Flag → Flag
Top Product $191MAluminium Oxide
2023
Flag → Flag
Exports $14.6MRnk 35 / 157
2023
Flag → Flag
Top Product $5.71MFish Fillets
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Brazil-Iceland Trade: In 2023, Brazil exported $230M to Iceland. The main products that Brazil exported to Iceland were Aluminium Oxide ($191M), Aircraft parts (gliders, balloons, and powered aircraft) ($14.5M), and Petroleum Coke ($10.1M). Over the past 5 years the exports of Brazil to Iceland have increased at an annualized rate of 2.34%, from $205M in 2018 to $230M in 2023.

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

Iceland-Brazil Trade: In 2023, Iceland exported $14.6M to Brazil. The main products that Iceland exported to Brazil were Fish Fillets ($5.71M), Orthopedic Appliances ($2.87M), and Aluminium Foil ($2.56M). Over the past 5 years the exports of Iceland to Brazil have increased at an annualized rate of 0.25%,  from $14M in 2018 to $14.6M in 2023.

In 2019, Iceland exported services to Brazil worth $6.83M, with Travel ($6.72M) and Transportation ($112k) being the largest in terms of value.

Comparison In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31),  and 22 in total exports ($355B). That same year, Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $73.2M and imported $749k from Iceland, resulting in a positive trade balance of $72.5M. Between December 2023 and December 2024 the exports of Brazil have increased by $51.1M (231%) from $22.1M to $73.2M, while imports decreased by $-94.6k (-11.2%) from $844k to $749k.

Trade In December 2024, the top exports of Brazil to Iceland were Aluminium Oxide ($12M), Refined Petroleum ($304k), and Shaped Wood ($30.8k). In December 2024 the top imports of Brazil from Iceland were Refrigerators ($1.37M), Orthopedic Appliances ($413k), Aluminium Foil ($394k), Fish Fillets ($108k), and X-Ray Equipment ($37.4k).

Origins In December 2024 the exports of Brazil were mainly from Maranhão ($37.3M), Pará ($21.1M), and Rio de Janeiro ($4.36k), while imports destinations were mainly São Paulo ($429k), Rio de Janeiro ($320k), and Santa Catarina ($72).

Growth In December 2024, the increase in Brazil's year-by-year exports to Iceland was explained primarily by an increase in product exports in Aluminium Oxide ($902k or 8.14%). In December 2024, the decrease in Brazil's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in Aluminium Foil ($-506k or -56.2%), Fish Fillets ($-354k or -76.7%), and X-Ray Equipment ($-13.6k or -26.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$51.1M(231%)
IMPORT GROWTH (December 2023 - December 2024)$-94.6k(-11.2%)
MAIN EXPORTER (December 2024)Maranhão$37.3M

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Iceland and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $230M to Iceland. The main products exported from Brazil to Iceland were Aluminium Oxide ($191M), Aircraft parts (gliders, balloons, and powered aircraft) ($14.5M), and Petroleum Coke ($10.1M). During the last 5 years the exports of Brazil to Iceland have increased at an annualized rate of 2.34%, from $205M in 2018 to $230M in 2023.

In 2018, Iceland exported $14.6M to Brazil. The main products exported from Iceland to Brazil were Fish Fillets ($5.71M), Orthopedic Appliances ($2.87M), and Aluminium Foil ($2.56M). During the last 5 years the exports of Iceland to Brazil have increased at an annualized rate of 0.25%, from $14M in 2023 to $14.6M in 2018.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from Brazil than Iceland included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, countries that imported more from Iceland than Brazil included Greenland ($72.3M) and Belarus ($34.6M).

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

Comparative Advantage Brazil - Iceland

Flow
Scale

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

During 2023, Brazil had a large net trade with Iceland in the exports of Chemical Products ($197M), Transportation ($14.5M), and Mineral Products ($10.2M).

During 2018, Iceland had a large net trade with Brazil in the exports of Animal Products ($6.21M), Instruments ($3.2M), and Metals ($2.59M).

Bilateral Service Trade

In 2019, Iceland exported services to Brazil worth $6.83M, with Travel ($6.72M) and Transportation ($112k) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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