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2022
Flag → Flag
Exports $281MRnk 81 / 223
2022
Flag → Flag
Top Product $253MAluminium Oxide
2022
Flag → Flag
Exports $15.6MRnk 35 / 160
2022
Flag → Flag
Top Product $5.43MFish Fillets
2022
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Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
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GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
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GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
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 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
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GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
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GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
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GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
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GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Brazil-Iceland In 2022, Brazil exported $281M to Iceland. The main products that Brazil exported to Iceland are Aluminium Oxide ($253M), Corn ($9.64M), and Petroleum Coke ($8.47M). During the last 27 years the exports of Brazil to Iceland have increased at an annualized rate of 16.7%, from $4.31M in 1995 to $281M in 2022.

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

Iceland-Brazil In 2022, Iceland exported $15.6M to Brazil. The main products that Iceland exported to Brazil were Fish Fillets ($5.43M), Aluminium Foil ($4.1M), and Orthopedic Appliances ($1.91M). During the last 27 years the exports of Iceland to Brazil have increased at an annualized rate of 2.46%, from $8.09M in 1995 to $15.6M in 2022.

In 2019, Iceland exported services to Brazil worth $6.83M, with Travel ($6.72M) and Transportation ($112k) being the largest in terms of value.

Comparison In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36),  and 25 in total exports ($341B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Latest Trends

March, 2024

About

Overview In March 2024, Brazil exported $31.5M and imported $1.47M from Iceland, resulting in a positive trade balance of $30M. Between March 2023 and March 2024 the exports of Brazil have increased by $7.66M (32.1%) from $23.8M to $31.5M, while imports decreased by $-522k (-26.3%) from $1.99M to $1.47M.

Trade In March 2024, the top exports of Brazil to Iceland were Aluminium Oxide ($11.1M), Petroleum Coke ($10.1M), Hair Products ($19.1k), and Knit Active Wear ($34). In March 2024 the top imports of Brazil from Iceland were Aluminium Foil ($901k), Fish Fillets ($462k), Fish: dried, salted, smoked or in... ($211k), Orthopedic Appliances ($94.5k), and X-Ray Equipment ($51k).

Origins In March 2024 the exports of Brazil were mainly from Maranhão ($18.3M), Pará ($13.2M), and Rio de Janeiro ($4.2k), while imports destinations were mainly São Paulo ($678k), Rio Grande do Sul ($450k), Rio de Janeiro ($311k), Minas Gerais ($27.3k), and Santa Catarina ($16).

Growth In March 2024, the increase in Brazil's year-by-year exports to Iceland was explained primarily by an increase in product exports in . In March 2024, the decrease in Brazil's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in Orthopedic Appliances ($-109k or -53.6%), Fish Fillets ($-31.1k or -6.32%), and Natural Polymers ($-258 or -70.3%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)$7.66M(32.1%)
IMPORT GROWTH (March 2023 - March 2024)$-522k(-26.3%)
MAIN EXPORTER (March 2024)Maranhão$18.3M

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Iceland and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iceland and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $281M to Iceland. The main products exported from Brazil to Iceland were Aluminium Oxide ($253M), Corn ($9.64M), and Petroleum Coke ($8.47M). During the last 27 years the exports of Brazil to Iceland have increased at an annualized rate of 16.7%, from $4.31M in 1995 to $281M in 2022.

In 2022, Iceland exported $15.6M to Brazil. The main products exported from Iceland to Brazil were Fish Fillets ($5.43M), Aluminium Foil ($4.1M), and Orthopedic Appliances ($1.91M). During the last 27 years the exports of Iceland to Brazil have increased at an annualized rate of 2.46%, from $8.09M in 1995 to $15.6M in 2022.

Exports from Brazil (Flag) to Iceland (Flag) (2022)

Exports from Iceland (Flag) to Brazil (Flag) (2022)

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Iceland
Top DestinationNetherlands$1.97B

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

In 2021, countries that imported more from Brazil than Iceland were China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2021, countries that imported more from Iceland than Brazil were Greenland ($28.2M), Belarus ($14.9M), and Wallis and Futuna ($3.54M).

Difference in imports from Iceland (Flag) and Brazil (Flag) (2022)

Comparative Advantage Brazil - Iceland

Flow
Scale

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

During 2022, Brazil had a large net trade with Iceland in the exports of Chemical Products ($255M), Vegetable Products ($12.9M), and Mineral Products ($9.11M).

During 2022, Iceland had a large net trade with Brazil in the exports of Animal Products ($5.78M), Metals ($4.1M), and Machines ($2.86M).

Service Trade

Bilateral Service Trade

In 2019, Iceland exported services to Brazil worth $6.83M, with Travel ($6.72M) and Transportation ($112k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland (Flag) to Brazil (Flag) (2019)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Brazil has comparative advantage over Iceland. Similarly, the more yellow a dot/product is, the more Iceland has comparative advantage over Brazil.

Product Space of Brazil (Flag) and Iceland (Flag) (2022)

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