Iceland (ISL) and Brazil (BRA) Trade | The Observatory of Economic Complexity

2023

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Exports $14.6MRnk 35 / 157

2023

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About

Iceland-Brazil Trade: In 2023, Iceland exported $14.6M to Brazil. The main products that Iceland exported to Brazil were Fish Fillets ($5.71M), Orthopedic Appliances ($2.87M), and Aluminium Foil ($2.56M). Over the past 5 years the exports of Iceland to Brazil have increased at an annualized rate of 0.86%, from $14M in 2018 to $14.6M in 2023.

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 2023, Brazil exported $230M to Iceland. The main products that Brazil exported to Iceland were Aluminium Oxide ($191M), Aircraft parts (gliders, balloons, and powered aircraft) ($14.5M), and Petroleum Coke ($10.1M). Over the past 5 years the exports of Brazil to Iceland have increased at an annualized rate of 2.34%, from $205M in 2018 to $230M in 2023.

In 2023, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Latest Data

Trade between Iceland () and Brazil ()

Iceland Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Brazil
Top DestinationChina$106B

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 2023, countries that imported more from Iceland than Brazil included Greenland ($72.3M) and Belarus ($34.6M).

In 2023, countries that imported more from Brazil than Iceland included China ($106B), United States ($37B), and Argentina ($17.2B).

Difference in imports from Brazil () and Iceland () (2023)

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.