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2022
Flag → Flag
Exports $8.92kRnk 143 / 160
2022
Flag → Flag
Top Product $3.58kSpice Seeds
2022
Flag → Flag
Exports $9.05kRnk 77 / 121
2022
Flag → Flag
Top Product $8.01kMotorcycles and cycles
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP$16.7BCURRENT US$
Rnk 127 / 186
2012-2022
Flag
GDP GROWTH-12.4%CURRENT US$
Rnk 176 / 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$37,152CURRENT US$
Rnk 27 / 186
2012-2022
Flag
GDP PC GROWTH-20.7%CURRENT US$
Rnk 174 / 186

About

Iceland-Brunei Trade: In 2022, Iceland exported $8.92k to Brunei. The main products that Iceland exported to Brunei were Spice Seeds ($3.58k), Computers ($2.02k), and Chemical Analysis Instruments ($1.53k). Over the past 5 years the exports of Iceland to Brunei have decreased at an annualized rate of 25%, from $37.5k in 2017 to $8.92k in 2022.

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

Brunei-Iceland Trade: In 2022, Brunei exported $9.05k to Iceland. The main products that Brunei exported to Iceland were Motorcycles and cycles ($8.01k) and Office Machine Parts ($1.03k). Over the past 5 years the exports of Brunei to Iceland have increased at an annualized rate of 21.8%,  from $3.38k in 2017 to $9.05k in 2022.

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

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B). That same year, Brunei ranked 90 in total exports ($14B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $8.92k to Brunei. The main products exported from Iceland to Brunei were Spice Seeds ($3.58k), Computers ($2.02k), and Chemical Analysis Instruments ($1.53k). During the last 5 years the exports of Iceland to Brunei have decreased at an annualized rate of 25%, from $37.5k in 2017 to $8.92k in 2022.

In 2017, Brunei exported $9.05k to Iceland. The main products exported from Brunei to Iceland were Motorcycles and cycles ($8.01k) and Office Machine Parts ($1.03k). During the last 5 years the exports of Brunei to Iceland have increased at an annualized rate of 21.8%, from $3.38k in 2022 to $9.05k in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Brunei (Flag)

Iceland Exports

Brunei Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Brunei
Top DestinationAustralia$2.66B

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

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

In 2022, countries that imported more from Brunei than Iceland included Australia ($2.66B), Japan ($2.32B), and China ($2.19B).

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

Comparative Advantage Iceland - Brunei

Flow
Scale

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

During 2022, Iceland had a large net trade with Brunei in the exports of Vegetable Products ($3.58k), Machines ($2.02k), and Instruments ($1.53k).

During 2017, Brunei had a large net trade with Iceland in the exports of Transportation ($8.01k) and Machines ($1.03k).

Economic Complexity

Competitive Landscape

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

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

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