Iceland (ISL) and Gambia (GMB) Trade | The Observatory of Economic Complexity

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Iceland-Gambia Trade: In 2021, Iceland exported $13k to Gambia. The main products that Iceland exported to Gambia were N/A. Over the past 6 years the exports of Iceland to Gambia have increased at an annualized rate of 24.5%, from $3.49k in 2015 to $13k in 2021.

In 2021, Iceland did not export any services to Gambia.

Gambia-Iceland Trade: In 2021, Gambia exported $106 to Iceland. The main products that Gambia exported to Iceland were Fish: dried, salted, smoked or in brine ($106). Over the past 6 years the exports of Gambia to Iceland have decreased at an annualized rate of 56.1%, from $6.48k in 2015 to $106 in 2021.

In 2021, Gambia did not export any services to Iceland.

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B). That same year, Gambia ranked 193 in total exports ($170M). 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 2021, Iceland exported $13k to Gambia. There were not main exports from Iceland to Gambia in 2021. During the last 6 years the exports of Iceland to Gambia have increased at an annualized rate of 24.5%, from $3.49k in 2015 to $13k in 2021.

In 2017, Gambia exported $106 to Iceland. The main products exported from Gambia to Iceland were Fish: dried, salted, smoked or in brine ($106). During the last 5 years the exports of Gambia to Iceland have decreased at an annualized rate of 56.1%, from $6.48k in 2022 to $106 in 2017.

Exports from Iceland () to Gambia () (2022)

Exports from Gambia () to Iceland () (2022)

Latest Data

Trade between Iceland () and Gambia ()

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Gambia
Top DestinationIndia$52.9M

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

In 2022, countries that imported more from Iceland than Gambia included Netherlands ($1.97B), United Kingdom ($672M), and United States ($613M).

In 2022, countries that imported more from Gambia than Iceland included India ($52.9M), Pakistan ($3.69M), and Chile ($11.1M).

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

Comparative Advantage Iceland - Gambia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Iceland had a large net trade with Gambia in the exports of .

During 2017, Gambia had a large net trade with Iceland in the exports of Animal Products ($106).

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

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Historical Data

Bilateral Trade by Products

Exports from Iceland () to Gambia () (2022)

Exports from Gambia () to Iceland () (2022)

Latest Data

Trade between Iceland () and Gambia ()

Iceland Exports

Market Competitiveness

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

Comparative Advantage Iceland - Gambia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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