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

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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.

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.

Comparison In 2022, Burma ranked 102 in the Economic Complexity Index (ECI -0.84), and 72 in total exports ($26.9B). 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, 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 2017 to $3.43M in 2022.

In 2017, 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 2022 to $427k in 2017.

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

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

Latest Data

Trade between Burma () and Iceland ()

Burma Exports

Date

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Burma
Top DestinationChina$9.62B

Iceland
Top DestinationNetherlands$1.97B

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

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

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

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

Comparative Advantage Burma - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Burma had a large net trade with Iceland in the exports of Textiles ($3.09M), Footwear and Headwear ($160k), and Animal Hides ($108k).

During 2017, Iceland had a large net trade with Burma in the exports of N/A.

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Burma () and Iceland ()

Burma Exports

Iceland Exports

Market Competitiveness

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

Comparative Advantage Burma - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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