Gambia-Iceland Bilateral Trade Analysis 2023
Complete trade statistics: $0 total volume •Gambia surplus: $0
Gambia → Iceland
$0
Exports (2023)
Iceland → Gambia
$0
Imports (2023)
Trade Balance
$0
Surplus for Gambia
Total Trade
$0
Combined Volume
Trade Flow Visualization
Direct trade relationship between Gambia and Iceland. Green line shows exports from Gambia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Gambia-Iceland commercial relationship and competitive positioning in global markets.
Gambia → Iceland Exports
Export Market Intelligence
🎯 Strategic Export Focus
Gambia's export portfolio to Iceland demonstrates strategic specialization, with fish: dried, whether or not salted but not smoked, fish of the families bregmacerotidae, euclichthyidae, gadidae, macrouridae, melanonidae, merlucciidae, moridae and muraenolepididae, other than cod representing a key competitive advantage in this bilateral market.
Iceland → Gambia Imports
Import Dependency Profile
📦 Import Strategy Analysis
Gambia's import pattern from Iceland reveals strategic sourcingin vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Gambia demonstrates competitive strength in exportingfish: dried, whether or not salted but not smoked, fish of the families bregmacerotidae, euclichthyidae, gadidae, macrouridae, melanonidae, merlucciidae, moridae and muraenolepididae, other than cod to Iceland, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsperfectcomplementarity, with each country specializing in different sectors.
Growth Potential
The $0 trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Gambia-Iceland Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $0.00representing a significant bilateral economic relationship
- Trade Balance: Gambia maintains a surplus of $0.00
- Export Focus: Gambia's primary exports include fish: dried, whether or not salted but not smoked, fish of the families bregmacerotidae, euclichthyidae, gadidae, macrouridae, melanonidae, merlucciidae, moridae and muraenolepididae, other than cod, fish: smoked, whether or not cooked before or during smoking, n.e.c. in item no. 0305.4, includes fillets, but excludes edible fish offal, nightdresses and pyjamas: women's or girls', of cotton (not knitted or crocheted)
- Import Dependencies: Key imports from Iceland include vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, sewing machines: of the household type
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $0 represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Gambia leveraging its comparative advantages in fish: dried, whether or not salted but not smoked, fish of the families bregmacerotidae, euclichthyidae, gadidae, macrouridae, melanonidae, merlucciidae, moridae and muraenolepididae, other than cod.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Gambia's specialization in fish: dried, whether or not salted but not smoked, fish of the families bregmacerotidae, euclichthyidae, gadidae, macrouridae, melanonidae, merlucciidae, moridae and muraenolepididae, other than codcomplements Iceland's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $0 bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $0 bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $0.00 bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in fish: dried, whether or not salted but not smoked, fish of the families bregmacerotidae, euclichthyidae, gadidae, macrouridae, melanonidae, merlucciidae, moridae and muraenolepididae, other than cod and vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Gambia's trade surplus of $0.00 strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Gambia and Iceland represents a total trade volume of $0.00 in 2023. This partnership demonstrates a favorable trade balance for Gambia, with exports exceeding importsby $0.00.
Export Strengths
Gambia's exports to Iceland total $0.00, with competitive advantages in fish: dried, whether or not salted but not smoked, fish of the families bregmacerotidae, euclichthyidae, gadidae, macrouridae, melanonidae, merlucciidae, moridae and muraenolepididae, other than cod, representing $193 orInfinity% of bilateral exports.
Import Dependencies
Imports from Iceland amount to $0.00, highlighting economic interdependence in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc, with Vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1500 but not over 3000cc comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Gambia's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Gambia and Iceland in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023