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2023
Flag → Flag
Exports $340kRnk 98 / 157
2023
Flag → Flag
Top Product $332kFish Oil
2023
Flag → Flag
Exports $21.7MRnk 75 / 138
2023
Flag → Flag
Top Product $3.47MKnit T-shirts
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 195
2023
Flag
GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC$2,551CURRENT US$
Rnk 146 / 196
2013-2023
Flag
GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195

About

Iceland-Bangladesh Trade: In 2023, Iceland exported $340k to Bangladesh. The main products that Iceland exported to Bangladesh were Fish Oil ($332k), Other Measuring Instruments ($4.24k), and Other Edible Preparations ($1.76k). Over the past 5 years the exports of Iceland to Bangladesh have increased at an annualized rate of 9.22%, from $218k in 2018 to $340k in 2023.

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

Bangladesh-Iceland Trade: In 2023, Bangladesh exported $21.7M to Iceland. The main products that Bangladesh exported to Iceland were Knit T-shirts ($3.47M), Knit Sweaters ($3.38M), and Non-Knit Men's Suits ($2.18M). Over the past 5 years the exports of Bangladesh to Iceland have increased at an annualized rate of 2.64%,  from $12.9M in 2018 to $21.7M in 2023.

In 2023, Bangladesh 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, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $340k to Bangladesh. The main products exported from Iceland to Bangladesh were Fish Oil ($332k), Other Measuring Instruments ($4.24k), and Other Edible Preparations ($1.76k). During the last 5 years the exports of Iceland to Bangladesh have increased at an annualized rate of 9.22%, from $218k in 2018 to $340k in 2023.

In 2018, Bangladesh exported $21.7M to Iceland. The main products exported from Bangladesh to Iceland were Knit T-shirts ($3.47M), Knit Sweaters ($3.38M), and Non-Knit Men's Suits ($2.18M). During the last 5 years the exports of Bangladesh to Iceland have increased at an annualized rate of 2.64%, from $12.9M in 2023 to $21.7M in 2018.

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

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

Latest Data

Trade between Iceland (Flag) and Bangladesh (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from Iceland than Bangladesh included Netherlands ($1.97B), Norway ($444M), and Greenland ($72.3M).

In 2023, countries that imported more from Bangladesh than Iceland included United States ($8.58B), Germany ($8.28B), and Spain ($3.95B).

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

Comparative Advantage Iceland - Bangladesh

Flow
Scale

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

During 2023, Iceland had a large net trade with Bangladesh in the exports of Animal and Vegetable Bi-Products ($332k), Instruments ($4.42k), and Foodstuffs ($1.76k).

During 2018, Bangladesh had a large net trade with Iceland in the exports of Textiles ($20.7M), Footwear and Headwear ($494k), and Animal Products ($180k).

Economic Complexity

Competitive Landscape

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

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

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