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2023
Flag → Flag
Exports $15.4MRnk 34 / 157
2023
Flag → Flag
Top Product $4.71MDelivery Trucks
2023
Flag → Flag
Exports $3.4MRnk 63 / 156
2023
Flag → Flag
Top Product $3.19MNon-fillet Fresh Fish
2023
Flag
Economic Complexity (ECI) ECI -0.51Rnk 87 / 132
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$30.8BCURRENT US$
Rnk 108 / 195
2013-2023
Flag
GDP GROWTH63.1%CURRENT US$
Rnk 46 / 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$1,706CURRENT US$
Rnk 162 / 196
2013-2023
Flag
GDP PC GROWTH23.7%CURRENT US$
Rnk 92 / 195

About

Iceland-Senegal Trade: In 2023, Iceland exported $15.4M to Senegal. The main products that Iceland exported to Senegal were Delivery Trucks ($4.71M), Raw Iron Bars ($3.52M), and Explosive Ammunition ($2.11M). Over the past 5 years the exports of Iceland to Senegal have increased at an annualized rate of 30.9%, from $4.01M in 2018 to $15.4M in 2023.

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

Senegal-Iceland Trade: In 2023, Senegal exported $3.4M to Iceland. The main products that Senegal exported to Iceland were Non-fillet Fresh Fish ($3.19M), Onions ($90.8k), and Video and Card Games ($78.5k). Over the past 5 years the exports of Senegal to Iceland have increased at an annualized rate of 60.7%,  from $318k in 2018 to $3.4M in 2023.

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

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $15.4M to Senegal. The main products exported from Iceland to Senegal were Delivery Trucks ($4.71M), Raw Iron Bars ($3.52M), and Explosive Ammunition ($2.11M). During the last 5 years the exports of Iceland to Senegal have increased at an annualized rate of 30.9%, from $4.01M in 2018 to $15.4M in 2023.

In 2018, Senegal exported $3.4M to Iceland. The main products exported from Senegal to Iceland were Non-fillet Fresh Fish ($3.19M), Onions ($90.8k), and Video and Card Games ($78.5k). During the last 5 years the exports of Senegal to Iceland have increased at an annualized rate of 60.7%, from $318k in 2023 to $3.4M in 2018.

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

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

Latest Data

Trade between Iceland (Flag) and Senegal (Flag)

Iceland Exports

Senegal Exports

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Senegal
Top DestinationMali$1.22B

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

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

In 2023, countries that imported more from Senegal than Iceland included Mali ($1.22B), India ($681M), and Switzerland ($625M).

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

Comparative Advantage Iceland - Senegal

Flow
Scale

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

During 2023, Iceland had a large net trade with Senegal in the exports of Transportation ($7.61M), Metals ($3.54M), and Weapons ($2.88M).

During 2018, Senegal had a large net trade with Iceland in the exports of Animal Products ($3.19M), Vegetable Products ($137k), and Miscellaneous ($78.5k).

Economic Complexity

Competitive Landscape

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

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

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