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2023
Flag → Flag
Exports $22.8kRnk 64 / 120
2023
Flag → Flag
Top Product $12.9kMelons
2023
Flag → Flag
Exports $27.3kRnk 132 / 157
2023
Flag → Flag
Top Product $18.7kMilk
2023
Flag  
GDP$15.1BCURRENT US$
Rnk 137 / 195
2013-2023
Flag
GDP GROWTH-16.4%CURRENT US$
Rnk 187 / 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 $32,963CURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP PC GROWTH-25.1%CURRENT US$
Rnk 183 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Brunei-Iceland Trade: In 2023, Brunei exported $22.8k to Iceland. The main products that Brunei exported to Iceland were Melons ($12.9k), Tropical Fruits ($5.79k), and Other Vegetables ($1.47k). Over the past 5 years the exports of Brunei to Iceland have increased at an annualized rate of 547%, from $2 in 2018 to $22.8k in 2023.

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

Iceland-Brunei Trade: In 2023, Iceland exported $27.3k to Brunei. The main products that Iceland exported to Brunei were Milk ($18.7k), Spice Seeds ($3.57k), and Flavored Water ($1.47k). Over the past 5 years the exports of Iceland to Brunei have increased at an annualized rate of 5.31%,  from $20k in 2018 to $27.3k in 2023.

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

Comparison In 2023,  Brunei ranked 101 in total exports ($10.9B). That same year, Iceland ranked 115 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brunei exported $22.8k to Iceland. The main products exported from Brunei to Iceland were Melons ($12.9k), Tropical Fruits ($5.79k), and Other Vegetables ($1.47k). During the last 5 years the exports of Brunei to Iceland have increased at an annualized rate of 547%, from $2 in 2018 to $22.8k in 2023.

In 2018, Iceland exported $27.3k to Brunei. The main products exported from Iceland to Brunei were Milk ($18.7k), Spice Seeds ($3.57k), and Flavored Water ($1.47k). During the last 5 years the exports of Iceland to Brunei have increased at an annualized rate of 5.31%, from $20k in 2023 to $27.3k in 2018.

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

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

Latest Data

Trade between Brunei (Flag) and Iceland (Flag)

Brunei Exports

Iceland Exports

Market Competitiveness

Color
Brunei
Top DestinationAustralia$2.25B
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from Brunei than Iceland included Australia ($2.25B), Singapore ($1.72B), and Japan ($1.86B).

In 2023, countries that imported more from Iceland than Brunei included Netherlands ($1.97B), Germany ($771M), and United Kingdom ($607M).

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

Comparative Advantage Brunei - Iceland

Flow
Scale

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

During 2023, Brunei had a large net trade with Iceland in the exports of Vegetable Products ($21.4k), Animal Hides ($1.05k), and Textiles ($301).

During 2018, Iceland had a large net trade with Brunei in the exports of Animal Products ($18.7k), Vegetable Products ($3.91k), and Foodstuffs ($1.82k).

Economic Complexity

Competitive Landscape

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

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

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