Iceland (ISL) and Benin (BEN) Trade | The Observatory of Economic Complexity

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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 36.2%, 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 36.2%, from $27 in 2022 to $9.51k in 2017.

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

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

Latest Data

Trade between Iceland () and Benin ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Iceland () (2022)

Comparative Advantage Iceland - Benin

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Iceland () and Benin ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Iceland - Benin

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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