2022
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GDP
$344BCURRENT US$
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2012-2022
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GDP GROWTH
-7.22%CURRENT US$
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2022
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 GDP
$27.8BCURRENT US$
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2012-2022
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GDP GROWTH
88.7%CURRENT US$
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2022
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GDP PC 
$6,630CURRENT US$
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2012-2022
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GDP PC GROWTH
-18.1%CURRENT US$
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2022
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GDP PC
$72,903CURRENT US$
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2012-2022
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GDP PC GROWTH
58.5%CURRENT US$
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About

Colombia-Iceland In 2022, Colombia exported $29.4M to Iceland. The main products that Colombia exported to Iceland are Coal Briquettes ($27.1M), Coffee ($993k), and Tropical Fruits ($547k). During the last 27 years the exports of Colombia to Iceland have increased at an annualized rate of 15.8%, from $558k in 1995 to $29.4M in 2022.

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

Iceland-Colombia In 2022, Iceland exported $1.26M to Colombia. The main products that Iceland exported to Colombia were Fish oil ($782k), Orthopedic Appliances ($255k), and Non-fillet Frozen Fish ($187k). During the last 27 years the exports of Iceland to Colombia have increased at an annualized rate of 0.48%, from $1.1M in 1995 to $1.26M in 2022.

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

Comparison In 2022,  Colombia ranked 58 in the Economic Complexity Index (ECI 0.11),  and 53 in total exports ($60.3B). 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, Colombia exported $29.4M to Iceland. The main products exported from Colombia to Iceland were Coal Briquettes ($27.1M), Coffee ($993k), and Tropical Fruits ($547k). During the last 27 years the exports of Colombia to Iceland have increased at an annualized rate of 15.8%, from $558k in 1995 to $29.4M in 2022.

In 2022, Iceland exported $1.26M to Colombia. The main products exported from Iceland to Colombia were Fish oil ($782k), Orthopedic Appliances ($255k), and Non-fillet Frozen Fish ($187k). During the last 27 years the exports of Iceland to Colombia have increased at an annualized rate of 0.48%, from $1.1M in 1995 to $1.26M in 2022.

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

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

Latest Data

Trade between Colombia (Flag) and Iceland (Flag)

Colombia Exports

Iceland Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$15.6B
Iceland
Top Destination
Netherlands$1.97B

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

In 2021, countries that imported more from Colombia than Iceland were United States ($15.6B), Panama ($5.84B), and India ($2.55B).

In 2021, countries that imported more from Iceland than Colombia were Denmark ($257M), Norway ($459M), and France ($459M).

Difference in imports from Iceland (Flag) and Colombia (Flag) (2022)

Comparative Advantage Colombia - Iceland

Flow
Scale

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

During 2022, Colombia had a large net trade with Iceland in the exports of Mineral Products ($27.1M), Vegetable Products ($2.1M), and Miscellaneous ($73.2k).

During 2022, Iceland had a large net trade with Colombia in the exports of Animal and Vegetable Bi-Products ($782k), Instruments ($256k), and Animal Products ($187k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Colombia has comparative advantage over Iceland. Similarly, the more yellow a dot/product is, the more Iceland has comparative advantage over Colombia.

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

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