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2022
Flag → Flag
Exports $20.1MRnk 32 / 160
2022
Flag → Flag
Top Product $20.1MRefined Petroleum
2022
Flag → Flag
Exports $22kRnk 61 / 112
2022
Flag → Flag
Top Product $10.5kRubber Footwear
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP$12.9BCURRENT US$
Rnk 139 / 186
2012-2022
Flag
GDP GROWTH20.3%CURRENT US$
Rnk 122 / 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$31,458CURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP PC GROWTH12.1%CURRENT US$
Rnk 109 / 186

About

Iceland-Bahamas Trade: In 2022, Iceland exported $20.1M to Bahamas. The main products that Iceland exported to Bahamas were Refined Petroleum ($20.1M), Broadcasting Equipment ($575), and Base Metal Watches ($318). Over the past 5 years the exports of Iceland to Bahamas have increased at an annualized rate of 49.9%, from $2.66M in 2017 to $20.1M in 2022.

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

Bahamas-Iceland Trade: In 2022, Bahamas exported $22k to Iceland. The main products that Bahamas exported to Iceland were Rubber Footwear ($10.5k), Hard Liquor ($5.19k), and Plant foliage ($4.19k). Over the past 5 years the exports of Bahamas to Iceland have increased at an annualized rate of 33.2%,  from $5.25k in 2017 to $22k in 2022.

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

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B). That same year, Bahamas ranked 139 in total exports ($2.83B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $20.1M to Bahamas. The main products exported from Iceland to Bahamas were Refined Petroleum ($20.1M), Broadcasting Equipment ($575), and Base Metal Watches ($318). During the last 5 years the exports of Iceland to Bahamas have increased at an annualized rate of 49.9%, from $2.66M in 2017 to $20.1M in 2022.

In 2017, Bahamas exported $22k to Iceland. The main products exported from Bahamas to Iceland were Rubber Footwear ($10.5k), Hard Liquor ($5.19k), and Plant foliage ($4.19k). During the last 5 years the exports of Bahamas to Iceland have increased at an annualized rate of 33.2%, from $5.25k in 2022 to $22k in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Bahamas (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Bahamas
Top DestinationUnited States$1.4B

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

In 2022, countries that imported more from Iceland than Bahamas included Netherlands ($1.97B), United Kingdom ($672M), and Norway ($459M).

In 2022, countries that imported more from Bahamas than Iceland included United States ($1.4B), Cote d'Ivoire ($576M), and Thailand ($185M).

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

Comparative Advantage Iceland - Bahamas

Flow
Scale

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

During 2022, Iceland had a large net trade with Bahamas in the exports of Mineral Products ($20.1M), Machines ($1.34k), and Instruments ($318).

During 2017, Bahamas had a large net trade with Iceland in the exports of Footwear and Headwear ($10.8k), Foodstuffs ($5.19k), and Vegetable Products ($4.19k).

Economic Complexity

Competitive Landscape

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

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

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