Iceland (ISL) and Bangladesh (BGD) Trade | The Observatory of Economic Complexity

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Iceland-Bangladesh Trade: In 2022, Iceland exported $213k to Bangladesh. The main products that Iceland exported to Bangladesh were Fish oil ($210k), Surveying Equipment ($2.45k), and Knit Men's Suits ($28). Over the past 5 years the exports of Iceland to Bangladesh have decreased at an annualized rate of 2.58%, from $243k in 2017 to $213k in 2022.

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

Bangladesh-Iceland Trade: In 2022, Bangladesh exported $21.5M to Iceland. The main products that Bangladesh exported to Iceland were Knit Sweaters ($3.32M), Knit T-shirts ($3.28M), and Non-Knit Men's Suits ($1.91M). Over the past 5 years the exports of Bangladesh to Iceland have increased at an annualized rate of 10.2%, from $10.9M in 2017 to $21.5M in 2022.

In 2022, Bangladesh 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, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $213k to Bangladesh. The main products exported from Iceland to Bangladesh were Fish oil ($210k), Surveying Equipment ($2.45k), and Knit Men's Suits ($28). During the last 5 years the exports of Iceland to Bangladesh have decreased at an annualized rate of 2.58%, from $243k in 2017 to $213k in 2022.

In 2017, Bangladesh exported $21.5M to Iceland. The main products exported from Bangladesh to Iceland were Knit Sweaters ($3.32M), Knit T-shirts ($3.28M), and Non-Knit Men's Suits ($1.91M). During the last 5 years the exports of Bangladesh to Iceland have increased at an annualized rate of 10.2%, from $10.9M in 2022 to $21.5M in 2017.

Exports from Iceland () to Bangladesh () (2022)

Exports from Bangladesh () to Iceland () (2022)

Latest Data

Trade between Iceland () and Bangladesh ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Bangladesh
Top DestinationUnited States$11.7B

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

In 2022, countries that imported more from Iceland than Bangladesh included Nigeria ($69.3M), Norway ($459M), and Lithuania ($40.1M).

In 2022, countries that imported more from Bangladesh than Iceland included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

Difference in imports from Bangladesh () and Iceland () (2022)

Comparative Advantage Iceland - Bangladesh

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Bangladesh in the exports of Animal and Vegetable Bi-Products ($210k), Instruments ($2.45k), and Textiles ($28).

During 2017, Bangladesh had a large net trade with Iceland in the exports of Textiles ($20.5M), Footwear and Headwear ($578k), and Transportation ($123k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Iceland () to Bangladesh () (2022)

Exports from Bangladesh () to Iceland () (2022)

Latest Data

Trade between Iceland () and Bangladesh ()

Iceland Exports

Market Competitiveness

Difference in imports from Bangladesh () and Iceland () (2022)

Comparative Advantage Iceland - Bangladesh

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iceland () and Bangladesh () (2022)

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