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2022
Flag → Flag
Exports $76.4kRnk 121 / 164
2022
Flag → Flag
Top Product $147kNon-fillet Frozen Fish
2022
Flag → Flag
Exports $6.05kRnk 140 / 160
2022
Flag → Flag
Top Product $8.95kPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 116 / 133
2022
Flag  
GDP$75.7BCURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP GROWTH90.9%CURRENT US$
Rnk 18 / 186
2022
Flag
 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC $1,192CURRENT US$
Rnk 163 / 186
2012-2022
Flag
GDP PC GROWTH39.5%CURRENT US$
Rnk 49 / 186
2022
Flag
GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Tanzania-Iceland Trade: In 2022, Tanzania exported $76.4k to Iceland. The main products that Tanzania exported to Iceland were Non-fillet Frozen Fish ($147k), Tropical Fruits ($31.7k), and Refined Petroleum ($28.5k). Over the past 5 years the exports of Tanzania to Iceland have increased at an annualized rate of 84.1%, from $3.61k in 2017 to $76.4k in 2022.

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

Iceland-Tanzania Trade: In 2022, Iceland exported $6.05k to Tanzania. The main products that Iceland exported to Tanzania were Packaged Medicaments ($8.95k), Padlocks ($1.93k), and Plastic Pipes ($908). Over the past 5 years the exports of Iceland to Tanzania have decreased at an annualized rate of 46.3%,  from $135k in 2017 to $6.05k in 2022.

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

Comparison In 2022,  Tanzania ranked 116 in the Economic Complexity Index (ECI -1.08),  and 104 in total exports ($10B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Tanzania exported $76.4k to Iceland. The main products exported from Tanzania to Iceland were Non-fillet Frozen Fish ($147k), Tropical Fruits ($31.7k), and Refined Petroleum ($28.5k). During the last 5 years the exports of Tanzania to Iceland have increased at an annualized rate of 84.1%, from $3.61k in 2017 to $76.4k in 2022.

In 2017, Iceland exported $6.05k to Tanzania. The main products exported from Iceland to Tanzania were Packaged Medicaments ($8.95k), Padlocks ($1.93k), and Plastic Pipes ($908). During the last 21 years the exports of Iceland to Tanzania have decreased at an annualized rate of 46.3%, from $135k in 1996 to $6.05k in 2017.

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

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

Latest Data

Trade between Tanzania (Flag) and Iceland (Flag)

Tanzania Exports

Date

Iceland Exports

Market Competitiveness

Color
Tanzania
Top DestinationIndia$2.73B
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Tanzania than Iceland included India ($2.73B), United Arab Emirates ($1.07B), and South Africa ($939M).

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

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

Comparative Advantage Tanzania - Iceland

Flow
Scale

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

During 2022, Tanzania had a large net trade with Iceland in the exports of Animal Products ($147k), Vegetable Products ($56.5k), and Mineral Products ($28.5k).

During 2017, Iceland had a large net trade with Tanzania in the exports of Chemical Products ($8.95k), Metals ($2.02k), and Plastics and Rubbers ($908).

Economic Complexity

Competitive Landscape

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

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

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