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Pricing

2022
Flag → Flag
Exports $1.54kRnk 151 / 160
2022
Flag → Flag
Top Product $731Blank Audio Media
2022
Flag → Flag
Exports $114kRnk 99 / 146
2022
Flag → Flag
Top Product $46.1kSunflower Seeds
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 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$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

Iceland-Bolivia Trade: In 2022, Iceland exported $1.54k to Bolivia. The main products that Iceland exported to Bolivia were Blank Audio Media ($731), Transmissions ($361), and Worked Ivory and Bone ($208). Over the past 5 years the exports of Iceland to Bolivia have decreased at an annualized rate of 51.5%, from $57.1k in 2017 to $1.54k in 2022.

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

Bolivia-Iceland Trade: In 2022, Bolivia exported $114k to Iceland. The main products that Bolivia exported to Iceland were Sunflower Seeds ($46.1k), Chocolate ($23.3k), and Other Oily Seeds ($17.4k). Over the past 5 years the exports of Bolivia to Iceland have increased at an annualized rate of 1.04%,  from $107k in 2017 to $114k in 2022.

In 2022, Bolivia 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, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $1.54k to Bolivia. The main products exported from Iceland to Bolivia were Blank Audio Media ($731), Transmissions ($361), and Worked Ivory and Bone ($208). During the last 5 years the exports of Iceland to Bolivia have decreased at an annualized rate of 51.5%, from $57.1k in 2017 to $1.54k in 2022.

In 2017, Bolivia exported $114k to Iceland. The main products exported from Bolivia to Iceland were Sunflower Seeds ($46.1k), Chocolate ($23.3k), and Other Oily Seeds ($17.4k). During the last 5 years the exports of Bolivia to Iceland have increased at an annualized rate of 1.04%, from $107k in 2022 to $114k in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Bolivia (Flag)

Iceland Exports

Bolivia Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Iceland than Bolivia included Netherlands ($1.97B), United Kingdom ($672M), and Germany ($573M).

In 2022, countries that imported more from Bolivia than Iceland included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

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

Comparative Advantage Iceland - Bolivia

Flow
Scale

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

During 2022, Iceland had a large net trade with Bolivia in the exports of Machines ($1.09k), Miscellaneous ($228), and Chemical Products ($196).

During 2017, Bolivia had a large net trade with Iceland in the exports of Vegetable Products ($79.4k), Foodstuffs ($32.1k), and Miscellaneous ($810).

Economic Complexity

Competitive Landscape

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

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

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