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Pricing

2022
Flag → Flag
Exports $649kRnk 81 / 160
2022
Flag → Flag
Top Product $350kAir Conditioners
2022
Flag → Flag
Exports $9.51kRnk 87 / 128
2022
Flag → Flag
Top Product $9.51kCoconuts, Brazil Nuts, and Cashews
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 86 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP$17.4BCURRENT US$
Rnk 124 / 186
2012-2022
Flag
GDP GROWTH56.2%CURRENT US$
Rnk 48 / 186
2022
Flag
GDP PC $72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC$1,303CURRENT US$
Rnk 161 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 95 / 186

About

Iceland-Benin Trade: In 2022, Iceland exported $649k to Benin. The main products that Iceland exported to Benin were Air Conditioners ($350k), Pasta ($181k), and Used Clothing ($62.6k). Over the past 5 years the exports of Iceland to Benin have decreased at an annualized rate of 13.7%, from $1.35M in 2017 to $649k in 2022.

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

Benin-Iceland Trade: In 2022, Benin exported $9.51k to Iceland. The main products that Benin exported to Iceland were Coconuts, Brazil Nuts, and Cashews ($9.51k). Over the past 5 years the exports of Benin to Iceland have increased at an annualized rate of 166%,  from $27 in 2017 to $9.51k in 2022.

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

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $649k to Benin. The main products exported from Iceland to Benin were Air Conditioners ($350k), Pasta ($181k), and Used Clothing ($62.6k). During the last 5 years the exports of Iceland to Benin have decreased at an annualized rate of 13.7%, from $1.35M in 2017 to $649k in 2022.

In 2017, Benin exported $9.51k to Iceland. The main products exported from Benin to Iceland were Coconuts, Brazil Nuts, and Cashews ($9.51k). During the last 5 years the exports of Benin to Iceland have increased at an annualized rate of 166%, from $27 in 2022 to $9.51k in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Benin (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Benin
Top DestinationIndia$448M

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

In 2022, countries that imported more from Iceland than Benin included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

In 2022, countries that imported more from Benin than Iceland included India ($448M), Bangladesh ($406M), and United Arab Emirates ($382M).

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

Comparative Advantage Iceland - Benin

Flow
Scale

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

During 2022, Iceland had a large net trade with Benin in the exports of Machines ($350k), Foodstuffs ($181k), and Textiles ($62.6k).

During 2017, Benin had a large net trade with Iceland in the exports of Vegetable Products ($9.51k).

Economic Complexity

Competitive Landscape

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

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

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