Iceland (ISL) and Bahrain (BHR) Trade | The Observatory of Economic Complexity

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Iceland-Bahrain Trade: In 2022, Iceland exported $224k to Bahrain. The main products that Iceland exported to Bahrain were Water ($51k), Machinery Having Individual Functions ($45.2k), and Tobacco Processing Machines ($40.5k). Over the past 5 years the exports of Iceland to Bahrain have increased at an annualized rate of 5.52%, from $171k in 2017 to $224k in 2022.

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

Bahrain-Iceland Trade: In 2022, Bahrain exported $673k to Iceland. The main products that Bahrain exported to Iceland were Raw Aluminium ($500k), Aluminium Plating ($122k), and Motor vehicles; parts and accessories (8701 to 8705) ($21k). Over the past 5 years the exports of Bahrain to Iceland have increased at an annualized rate of 133%, from $9.73k in 2017 to $673k in 2022.

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

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B). That same year, Bahrain ranked 77 in total exports ($20.7B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $224k to Bahrain. The main products exported from Iceland to Bahrain were Water ($51k), Machinery Having Individual Functions ($45.2k), and Tobacco Processing Machines ($40.5k). During the last 5 years the exports of Iceland to Bahrain have increased at an annualized rate of 5.52%, from $171k in 2017 to $224k in 2022.

In 2017, Bahrain exported $673k to Iceland. The main products exported from Bahrain to Iceland were Raw Aluminium ($500k), Aluminium Plating ($122k), and Motor vehicles; parts and accessories (8701 to 8705) ($21k). During the last 5 years the exports of Bahrain to Iceland have increased at an annualized rate of 133%, from $9.73k in 2022 to $673k in 2017.

Exports from Iceland () to Bahrain () (2022)

Exports from Bahrain () to Iceland () (2022)

Latest Data

Trade between Iceland () and Bahrain ()

Iceland Exports

Date

Bahrain Exports

Date

Aug 2018

Apr 2012

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Bahrain
Top DestinationSaudi Arabia$3.03B

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

In 2022, countries that imported more from Iceland than Bahrain included Netherlands ($1.97B), Germany ($573M), and Norway ($459M).

In 2022, countries that imported more from Bahrain than Iceland included Saudi Arabia ($3.03B), United Arab Emirates ($2.07B), and United States ($1.83B).

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

Comparative Advantage Iceland - Bahrain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Bahrain in the exports of Machines ($149k), Foodstuffs ($68.1k), and Transportation ($3.7k).

During 2017, Bahrain had a large net trade with Iceland in the exports of Metals ($622k), Transportation ($21k), and Instruments ($14.2k).

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 Bahrain. This means that a dot/product with the flag of Iceland indicates it has a comparative advantage over Bahrain. Similarly, a dot/product with the flag of Bahrain indicates it has a comparative advantage over Iceland.

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Historical Data

Bilateral Trade by Products

Exports from Iceland () to Bahrain () (2022)

Exports from Bahrain () to Iceland () (2022)

Latest Data

Trade between Iceland () and Bahrain ()

Iceland Exports

Bahrain Exports

Market Competitiveness

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

Comparative Advantage Iceland - Bahrain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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