Colombia (COL) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Colombia-Iceland Trade: In 2022, Colombia exported $29.4M to Iceland. The main products that Colombia exported to Iceland were Coal Briquettes ($27.1M), Coffee ($993k), and Tropical Fruits ($547k). Over the past 5 years the exports of Colombia to Iceland have increased at an annualized rate of 68.7%, from $2.15M in 2017 to $29.4M in 2022.

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

Iceland-Colombia Trade: In 2022, Iceland exported $1.26M to Colombia. The main products that Iceland exported to Colombia were Fish oil ($782k), Orthopedic Appliances ($255k), and Non-fillet Frozen Fish ($187k). Over the past 5 years the exports of Iceland to Colombia have decreased at an annualized rate of 3.03%, from $1.47M in 2017 to $1.26M in 2022.

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

Comparison In 2022, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Colombia exported $29.4M to Iceland. The main products exported from Colombia to Iceland were Coal Briquettes ($27.1M), Coffee ($993k), and Tropical Fruits ($547k). During the last 5 years the exports of Colombia to Iceland have increased at an annualized rate of 68.7%, from $2.15M in 2017 to $29.4M in 2022.

In 2017, Iceland exported $1.26M to Colombia. The main products exported from Iceland to Colombia were Fish oil ($782k), Orthopedic Appliances ($255k), and Non-fillet Frozen Fish ($187k). During the last 5 years the exports of Iceland to Colombia have decreased at an annualized rate of 3.03%, from $1.47M in 2022 to $1.26M in 2017.

Exports from Colombia () to Iceland () (2022)

Exports from Iceland () to Colombia () (2022)

Latest Data

Trade between Colombia () and Iceland ()

Colombia Exports

Date

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$15.6B

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Colombia than Iceland included United States ($15.6B), Panama ($5.84B), and India ($2.55B).

In 2022, countries that imported more from Iceland than Colombia included Denmark ($257M), Norway ($459M), and France ($459M).

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

Comparative Advantage Colombia - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Colombia had a large net trade with Iceland in the exports of N/A.

During 2017, Iceland had a large net trade with Colombia in the exports of Animal and Vegetable Bi-Products ($782k), Instruments ($256k), and Animal Products ($187k).

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

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to Iceland () (2022)

Exports from Iceland () to Colombia () (2022)

Latest Data

Trade between Colombia () and Iceland ()

Colombia Exports

Iceland Exports

Market Competitiveness

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

Comparative Advantage Colombia - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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