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2022
Flag → Flag
Exports $531kRnk 85 / 160
2022
Flag → Flag
Top Product $471kIndustrial Food Preperation Machinery
2022
Flag → Flag
Exports $3.38MRnk 47 / 173
2022
Flag → Flag
Top Product $3.25MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.63Rnk 94 / 133
2022
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GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
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GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
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 GDP$12.6BCURRENT US$
Rnk 141 / 186
2012-2022
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GDP GROWTH-3.33%CURRENT US$
Rnk 168 / 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$4,911CURRENT US$
Rnk 113 / 186
2012-2022
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GDP PC GROWTH-18.4%CURRENT US$
Rnk 170 / 186

About

Iceland-Namibia Trade: In 2022, Iceland exported $531k to Namibia. The main products that Iceland exported to Namibia were Industrial Food Preperation Machinery ($471k), Fish Fillets ($10.5k), and Edible Offal ($9.08k). Over the past 5 years the exports of Iceland to Namibia have decreased at an annualized rate of 3.68%, from $641k in 2017 to $531k in 2022.

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

Namibia-Iceland Trade: In 2022, Namibia exported $3.38M to Iceland. The main products that Namibia exported to Iceland were Refined Petroleum ($3.25M), Grapes ($90.2k), and Collector's Items ($13.8k). Over the past 5 years the exports of Namibia to Iceland have decreased at an annualized rate of 34.5%,  from $28M in 2017 to $3.38M in 2022.

In 2022, Namibia 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, Namibia ranked 94 in the Economic Complexity Index (ECI -0.63), and 121 in total exports ($6.18B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $531k to Namibia. The main products exported from Iceland to Namibia were Industrial Food Preperation Machinery ($471k), Fish Fillets ($10.5k), and Edible Offal ($9.08k). During the last 5 years the exports of Iceland to Namibia have decreased at an annualized rate of 3.68%, from $641k in 2017 to $531k in 2022.

In 2017, Namibia exported $3.38M to Iceland. The main products exported from Namibia to Iceland were Refined Petroleum ($3.25M), Grapes ($90.2k), and Collector's Items ($13.8k). During the last 5 years the exports of Namibia to Iceland have decreased at an annualized rate of 34.5%, from $28M in 2022 to $3.38M in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Namibia (Flag)

Iceland Exports

Namibia Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Namibia
Top DestinationSouth Africa$1.75B

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

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

In 2022, countries that imported more from Namibia than Iceland included South Africa ($1.75B), Botswana ($672M), and China ($628M).

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

Comparative Advantage Iceland - Namibia

Flow
Scale

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

During 2022, Iceland had a large net trade with Namibia in the exports of Machines ($501k), Animal Products ($21.1k), and Instruments ($5.32k).

During 2017, Namibia had a large net trade with Iceland in the exports of Mineral Products ($3.25M), Vegetable Products ($90.5k), and Arts and Antiques ($13.8k).

Economic Complexity

Competitive Landscape

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

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

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