Iceland (ISL) and Burma (MMR) Trade | The Observatory of Economic Complexity

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Iceland-Burma Trade: In 2022, Iceland exported $427k to Burma. The main products that Iceland exported to Burma were Non-fillet Frozen Fish ($387k), Fish oil ($31.8k), and Other Edible Preparations ($8.49k). Over the past 5 years the exports of Iceland to Burma have increased at an annualized rate of 30.1%, from $114k in 2017 to $427k in 2022.

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

Burma-Iceland Trade: In 2022, Burma exported $3.43M to Iceland. The main products that Burma exported to Iceland were Non-Knit Men's Suits ($533k), Non-Knit Men's Coats ($435k), and Non-Knit Women's Coats ($330k). Over the past 5 years the exports of Burma to Iceland have increased at an annualized rate of 24.4%, from $1.15M in 2017 to $3.43M in 2022.

In 2022, Burma 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, Burma ranked 102 in the Economic Complexity Index (ECI -0.84), and 72 in total exports ($26.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iceland exported $427k to Burma. The main products exported from Iceland to Burma were Non-fillet Frozen Fish ($387k), Fish oil ($31.8k), and Other Edible Preparations ($8.49k). During the last 5 years the exports of Iceland to Burma have increased at an annualized rate of 30.1%, from $114k in 2017 to $427k in 2022.

In 2017, Burma exported $3.43M to Iceland. The main products exported from Burma to Iceland were Non-Knit Men's Suits ($533k), Non-Knit Men's Coats ($435k), and Non-Knit Women's Coats ($330k). During the last 5 years the exports of Burma to Iceland have increased at an annualized rate of 24.4%, from $1.15M in 2022 to $3.43M in 2017.

Exports from Iceland () to Burma () (2022)

Exports from Burma () to Iceland () (2022)

Latest Data

Trade between Iceland () and Burma ()

Iceland Exports

Date

Burma Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Burma
Top DestinationChina$9.62B

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

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

In 2022, countries that imported more from Burma than Iceland included China ($9.62B), Thailand ($3.48B), and Japan ($1.52B).

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

Comparative Advantage Iceland - Burma

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Burma in the exports of Animal Products ($387k), Animal and Vegetable Bi-Products ($31.8k), and Foodstuffs ($8.49k).

During 2017, Burma had a large net trade with Iceland in the exports of Textiles ($3.09M), Footwear and Headwear ($160k), and Animal Hides ($108k).

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

About

Historical Data

Bilateral Trade by Products

Exports from Iceland () to Burma () (2022)

Exports from Burma () to Iceland () (2022)

Latest Data

Trade between Iceland () and Burma ()

Iceland Exports

Burma Exports

Market Competitiveness

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

Comparative Advantage Iceland - Burma

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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