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2023
Flag → Flag
Exports $1.78kRnk 152 / 157
2023
Flag → Flag
Top Product $1.75kCars
2023
Flag → Flag
Exports $357Rnk 99 / 113
2023
Flag → Flag
Top Product $244Dried/Salted/Smoked/Brined Fish
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$2.4BCURRENT US$
Rnk 173 / 195
2013-2023
Flag
GDP GROWTH74.2%CURRENT US$
Rnk 35 / 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$888CURRENT US$
Rnk 181 / 196
2013-2023
Flag
GDP PC GROWTH35.8%CURRENT US$
Rnk 68 / 195

About

Iceland-Gambia Trade: In 2023, Iceland exported $1.78k to Gambia. The main products that Iceland exported to Gambia were Cars ($1.75k) and Sewing Machines ($21). Over the past 7 years the exports of Iceland to Gambia have decreased at an annualized rate of 55.6%, from $524k in 2016 to $1.78k in 2023.

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

Gambia-Iceland Trade: In 2023, Gambia exported $357 to Iceland. The main products that Gambia exported to Iceland were Dried/Salted/Smoked/Brined Fish ($244), Non-Knit Women's Undergarments ($45), and Knit T-shirts ($38). Over the past 7 years the exports of Gambia to Iceland have decreased at an annualized rate of 31.4%,  from $2.35k in 2016 to $357 in 2023.

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

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B). That same year, Gambia ranked 138 in total exports ($3.16B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $1.78k to Gambia. The main products exported from Iceland to Gambia were Cars ($1.75k) and Sewing Machines ($21). During the last 7 years the exports of Iceland to Gambia have decreased at an annualized rate of 55.6%, from $524k in 2016 to $1.78k in 2023.

In 2018, Gambia exported $357 to Iceland. The main products exported from Gambia to Iceland were Dried/Salted/Smoked/Brined Fish ($244), Non-Knit Women's Undergarments ($45), and Knit T-shirts ($38). During the last 5 years the exports of Gambia to Iceland have decreased at an annualized rate of 31.4%, from $2.35k in 2023 to $357 in 2018.

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

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

Latest Data

Trade between Iceland (Flag) and Gambia (Flag)

Iceland Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Gambia
Top DestinationKazakhstan$2.91B

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

In 2023, countries that imported more from Iceland than Gambia included Netherlands ($1.97B), Germany ($771M), and United States ($735M).

In 2023, countries that imported more from Gambia than Iceland included Kazakhstan ($2.91B), Guinea-Bissau ($59.3M), and India ($42.5M).

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

Comparative Advantage Iceland - Gambia

Flow
Scale

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

During 2023, Iceland had a large net trade with Gambia in the exports of Transportation ($1.75k) and Machines ($21).

During 2018, Gambia had a large net trade with Iceland in the exports of Animal Products ($244), Textiles ($83), and Plastics and Rubbers ($30).

Economic Complexity

Competitive Landscape

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

Product Space of Iceland (Flag) and Gambia (Flag) (2023)

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