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2023
Flag → Flag
Exports $27.3kRnk 132 / 157
2023
Flag → Flag
Top Product $18.7kMilk
2023
Flag → Flag
Exports $22.8kRnk 64 / 120
2023
Flag → Flag
Top Product $12.9kMelons
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$15.1BCURRENT US$
Rnk 137 / 195
2013-2023
Flag
GDP GROWTH-16.4%CURRENT US$
Rnk 187 / 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$32,963CURRENT US$
Rnk 42 / 196
2013-2023
Flag
GDP PC GROWTH-25.1%CURRENT US$
Rnk 183 / 195

About

Iceland-Brunei Trade: In 2023, Iceland exported $27.3k to Brunei. The main products that Iceland exported to Brunei were Milk ($18.7k), Spice Seeds ($3.57k), and Flavored Water ($1.47k). Over the past 5 years the exports of Iceland to Brunei have increased at an annualized rate of 6.41%, from $20k in 2018 to $27.3k in 2023.

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

Brunei-Iceland Trade: In 2023, Brunei exported $22.8k to Iceland. The main products that Brunei exported to Iceland were Melons ($12.9k), Tropical Fruits ($5.79k), and Other Vegetables ($1.47k). Over the past 5 years the exports of Brunei to Iceland have increased at an annualized rate of 547%,  from $2 in 2018 to $22.8k in 2023.

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

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B). That same year, Brunei ranked 101 in total exports ($10.9B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $27.3k to Brunei. The main products exported from Iceland to Brunei were Milk ($18.7k), Spice Seeds ($3.57k), and Flavored Water ($1.47k). During the last 5 years the exports of Iceland to Brunei have increased at an annualized rate of 6.41%, from $20k in 2018 to $27.3k in 2023.

In 2018, Brunei exported $22.8k to Iceland. The main products exported from Brunei to Iceland were Melons ($12.9k), Tropical Fruits ($5.79k), and Other Vegetables ($1.47k). During the last 5 years the exports of Brunei to Iceland have increased at an annualized rate of 547%, from $2 in 2023 to $22.8k in 2018.

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

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

Latest Data

Trade between Iceland (Flag) and Brunei (Flag)

Iceland Exports

Brunei Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Brunei
Top DestinationAustralia$2.25B

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

In 2023, countries that imported more from Brunei than Iceland included Australia ($2.25B), Singapore ($1.72B), and Japan ($1.86B).

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

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 2023, Iceland had a large net trade with Brunei in the exports of N/A.

During 2018, Brunei had a large net trade with Iceland in the exports of Vegetable Products ($21.4k), Animal Hides ($1.05k), and Textiles ($301).

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) (2023)

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