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2022
Flag → Flag
Exports $15.6MRnk 35 / 160
2022
Flag → Flag
Top Product $5.43MFish Fillets
2022
Flag → Flag
Exports $281MRnk 81 / 223
2022
Flag → Flag
Top Product $253MAluminium Oxide
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
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GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
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 GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
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GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
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GDP PC $72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186
2022
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GDP PC$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186

About

Iceland-Brazil Trade: In 2022, Iceland exported $15.6M to Brazil. The main products that Iceland exported to Brazil were Fish Fillets ($5.43M), Aluminium Foil ($4.1M), and Orthopedic Appliances ($1.91M). Over the past 5 years the exports of Iceland to Brazil have increased at an annualized rate of 1.48%, from $14.5M in 2017 to $15.6M in 2022.

In 2019, Iceland exported services to Brazil worth $6.83M, with Travel ($6.72M) and Transportation ($112k) being the largest in terms of value.

Brazil-Iceland Trade: In 2022, Brazil exported $281M to Iceland. The main products that Brazil exported to Iceland were Aluminium Oxide ($253M), Corn ($9.64M), and Petroleum Coke ($8.47M). Over the past 5 years the exports of Brazil to Iceland have increased at an annualized rate of 3.61%,  from $236M in 2017 to $281M in 2022.

In 2022, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $15.6M to Brazil. The main products exported from Iceland to Brazil were Fish Fillets ($5.43M), Aluminium Foil ($4.1M), and Orthopedic Appliances ($1.91M). During the last 5 years the exports of Iceland to Brazil have increased at an annualized rate of 1.48%, from $14.5M in 2017 to $15.6M in 2022.

In 2017, Brazil exported $281M to Iceland. The main products exported from Brazil to Iceland were Aluminium Oxide ($253M), Corn ($9.64M), and Petroleum Coke ($8.47M). During the last 5 years the exports of Brazil to Iceland have increased at an annualized rate of 3.61%, from $236M in 2022 to $281M in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Brazil (Flag)

Iceland Exports

Brazil Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Brazil
Top DestinationChina$90.1B

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

In 2022, countries that imported more from Iceland than Brazil included Greenland ($28.2M), Belarus ($14.9M), and Wallis and Futuna ($3.54M).

In 2022, countries that imported more from Brazil than Iceland included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

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

Comparative Advantage Iceland - Brazil

Flow
Scale

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

During 2022, Iceland had a large net trade with Brazil in the exports of Animal Products ($5.78M), Metals ($4.1M), and Machines ($2.86M).

During 2017, Brazil had a large net trade with Iceland in the exports of Chemical Products ($255M), Vegetable Products ($12.9M), and Mineral Products ($9.11M).

Economic Complexity

Competitive Landscape

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

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

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