2023
Flag  
GDP
$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH
94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP
$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH
17%CURRENT US$
Rnk 148 / 195
2023
Flag
GDP PC 
$79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH
59.9%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC
$14,187CURRENT US$
Rnk 73 / 196
2013-2023
Flag
GDP PC GROWTH
9.44%CURRENT US$
Rnk 135 / 195

About

Iceland-Argentina Trade: In 2023, Iceland exported $1.77M to Argentina. The main products that Iceland exported to Argentina were Orthopedic Appliances ($622k), Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($241k), and Twine and Rope ($221k). Over the past 5 years the exports of Iceland to Argentina have decreased at an annualized rate of 12.6%, from $3.47M in 2018 to $1.77M in 2023.

In 2019, Iceland exported services to Argentina worth $2.02M, with Travel ($2.02M) being the largest in terms of value.

Argentina-Iceland Trade: In 2023, Argentina exported $8.67M to Iceland. The main products that Argentina exported to Iceland were Molluscs ($6.49M), Wine ($935k), and Ground Nuts ($423k). Over the past 5 years the exports of Argentina to Iceland have increased at an annualized rate of 5.61%,  from $6.6M in 2018 to $8.67M in 2023.

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

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $1.77M to Argentina. The main products exported from Iceland to Argentina were Orthopedic Appliances ($622k), Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($241k), and Twine and Rope ($221k). During the last 5 years the exports of Iceland to Argentina have decreased at an annualized rate of 12.6%, from $3.47M in 2018 to $1.77M in 2023.

In 2018, Argentina exported $8.67M to Iceland. The main products exported from Argentina to Iceland were Molluscs ($6.49M), Wine ($935k), and Ground Nuts ($423k). During the last 5 years the exports of Argentina to Iceland have increased at an annualized rate of 5.61%, from $6.6M in 2023 to $8.67M in 2018.

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

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

Latest Data

Trade between Iceland (Flag) and Argentina (Flag)

Iceland Exports

Argentina Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Argentina
Top Destination
Brazil$12.1B

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

In 2023, countries that imported more from Iceland than Argentina included Netherlands ($1.97B), Norway ($444M), and Denmark ($228M).

In 2023, countries that imported more from Argentina than Iceland included Brazil ($12.1B), Chile ($5.57B), and United States ($6.27B).

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

Comparative Advantage Iceland - Argentina

Flow
Scale

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

During 2023, Iceland had a large net trade with Argentina in the exports of Instruments ($712k), Textiles ($462k), and Machines ($197k).

During 2018, Argentina had a large net trade with Iceland in the exports of Animal Products ($6.62M), Foodstuffs ($1.06M), and Vegetable Products ($710k).

Economic Complexity

Competitive Landscape

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

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

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