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2023
Flag → Flag
Exports $25MRnk 31 / 157
2023
Flag → Flag
Top Product $18.9MRefined Petroleum
2023
Flag → Flag
Exports $40.4kRnk 60 / 114
2023
Flag → Flag
Top Product $14kOther Fruits
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$14.3BCURRENT US$
Rnk 139 / 195
2013-2023
Flag
GDP GROWTH37.9%CURRENT US$
Rnk 98 / 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$35,897CURRENT US$
Rnk 36 / 196
2013-2023
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 77 / 195

About

Iceland-Bahamas Trade: In 2023, Iceland exported $25M to Bahamas. The main products that Iceland exported to Bahamas were Refined Petroleum ($18.9M), Carboxylic Acids ($3.26M), and Ethers ($1.34M). Over the past 5 years the exports of Iceland to Bahamas have increased at an annualized rate of 27%, from $7.58M in 2018 to $25M in 2023.

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

Bahamas-Iceland Trade: In 2023, Bahamas exported $40.4k to Iceland. The main products that Bahamas exported to Iceland were Other Fruits ($14k), Tomatoes ($12.1k), and Plant foliage ($6.02k). Over the past 5 years the exports of Bahamas to Iceland have increased at an annualized rate of 22.6%,  from $14.6k in 2018 to $40.4k in 2023.

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

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B). That same year, Bahamas ranked 139 in total exports ($3.01B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $25M to Bahamas. The main products exported from Iceland to Bahamas were Refined Petroleum ($18.9M), Carboxylic Acids ($3.26M), and Ethers ($1.34M). During the last 5 years the exports of Iceland to Bahamas have increased at an annualized rate of 27%, from $7.58M in 2018 to $25M in 2023.

In 2018, Bahamas exported $40.4k to Iceland. The main products exported from Bahamas to Iceland were Other Fruits ($14k), Tomatoes ($12.1k), and Plant foliage ($6.02k). During the last 5 years the exports of Bahamas to Iceland have increased at an annualized rate of 22.6%, from $14.6k in 2023 to $40.4k in 2018.

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

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

Latest Data

Trade between Iceland (Flag) and Bahamas (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Bahamas
Top DestinationUnited States$1.07B

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 2023, countries that imported more from Iceland than Bahamas included Netherlands ($1.97B), United Kingdom ($607M), and Germany ($771M).

In 2023, countries that imported more from Bahamas than Iceland included Zimbabwe ($469M), Cote d'Ivoire ($418M), and United States ($1.07B).

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

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 2023, Iceland had a large net trade with Bahamas in the exports of Mineral Products ($18.9M), Chemical Products ($4.61M), and Animal Products ($996k).

During 2018, Bahamas had a large net trade with Iceland in the exports of Vegetable Products ($32.1k), Textiles ($4.49k), and Footwear and Headwear ($2.42k).

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) (2023)

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