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2022
Flag → Flag
Exports $1.26MRnk 67 / 160
2022
Flag → Flag
Top Product $782kFish oil
2022
Flag → Flag
Exports $29.4MRnk 72 / 187
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 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$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Iceland-Colombia Trade: In 2022, Iceland exported $1.26M to Colombia. The main products that Iceland exported to Colombia were Fish oil ($782k), Orthopedic Appliances ($255k), and Non-fillet Frozen Fish ($187k). Over the past 5 years the exports of Iceland to Colombia have decreased at an annualized rate of 3.03%, from $1.47M in 2017 to $1.26M in 2022.

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

Colombia-Iceland Trade: In 2022, Colombia exported $29.4M to Iceland. The main products that Colombia exported to Iceland were N/A. Over the past 5 years the exports of Colombia to Iceland have increased at an annualized rate of 54.6%,  from $2.15M in 2017 to $29.4M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $1.26M to Colombia. The main products exported from Iceland to Colombia were Fish oil ($782k), Orthopedic Appliances ($255k), and Non-fillet Frozen Fish ($187k). During the last 5 years the exports of Iceland to Colombia have decreased at an annualized rate of 3.03%, from $1.47M in 2017 to $1.26M in 2022.

In 2017, Colombia exported $29.4M to Iceland. There were not main exports from Colombia to Iceland in 2017. During the last 5 years the exports of Colombia to Iceland have increased at an annualized rate of 54.6%, from $2.15M in 2022 to $29.4M in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Colombia (Flag)

Iceland Exports

Colombia Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Iceland than Colombia included Denmark ($257M), Norway ($459M), and France ($459M).

In 2022, countries that imported more from Colombia than Iceland included United States ($15.6B), Panama ($5.84B), and India ($2.55B).

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

Comparative Advantage Iceland - Colombia

Flow
Scale

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

During 2022, Iceland had a large net trade with Colombia in the exports of Animal and Vegetable Bi-Products ($782k), Instruments ($256k), and Animal Products ($187k).

During 2017, Colombia had a large net trade with Iceland in the exports of N/A.

Economic Complexity

Competitive Landscape

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

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

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