{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:18.464Z",
  "seo": {
    "title": "Iceland exports to Mexico: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Iceland to Mexico, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "ISL",
    "country_name": "Iceland"
  },
  "importer": {
    "iso3": "MEX",
    "country_name": "Mexico"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "ISL",
    "importer_iso3": "MEX",
    "all_history_lane_count": 27,
    "current_lane_count": 8,
    "current_product_count": 8,
    "first_observed_last_year": 1995,
    "latest_data_year": 2024,
    "current_trade_usd": 2820825.956029238,
    "attention_trade_usd": 0,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 2033910.682150238,
    "unrecovered_drawdown_trade_usd": 0,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 499475.49146475486,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 0,
    "high_volatility_lane_count": 4,
    "unrecovered_drawdown_lane_count": 0,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 4,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.5108246037588917,
    "trade_weighted_below_peak_pct": 2.781094386105147,
    "product_concentration_hhi": 2007.183663492405,
    "top1_product_share_pct": 31.03776071706846,
    "top3_product_share_pct": 71.08933871993428,
    "top_product_hs6": "150420",
    "top_product_trade_usd": 875521.2104773136,
    "top_product_description": "Fats and oils and their fractions: of fish, (excluding liver-oils)",
    "top_attention_product_hs6": "",
    "top_attention_product_reason": "",
    "distance_km": 7460.1953125,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.04450000077486038,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 11.098700834232321,
    "avg_mfn_tariff_pct": 13.60029642040404,
    "avg_preferential_tariff_pct": 0.9064761206608084,
    "tariff_advantage_pp": 12.69382029974323,
    "buyer_biz_entry_days": 8.4,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 1293037.8663599999,
    "buyer_gdp_pc_latest": 9926,
    "buyer_population_latest": 130262.222,
    "buyer_gdp_5y_cagr_pct": 7.317392234827791,
    "buyer_gdp_pc_5y_cagr_pct": 6.467884470952012,
    "buyer_population_5y_cagr_pct": 0.7979004824760771,
    "buyer_investment_5y_avg_pct": 23.68,
    "buyer_savings_5y_avg_pct": 22.506,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 0,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Stable",
    "primary_risk_reason": "Volatile products account for the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 1293037.8663599999,
    "buyer_gdp_pc_2024": 9926,
    "buyer_population_2024": 130262.222
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 486356.2804648743,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 789299.3346920465,
      "yoy_growth_pct": 62.28829900944426,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 1501195.6456785155,
      "yoy_growth_pct": 90.19345129236969,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 766063.4068119054,
      "yoy_growth_pct": -48.96978225208897,
      "cagr_3y_pct": 16.350984668458967
    },
    {
      "year": 1999,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 769581.7644874607,
      "yoy_growth_pct": 0.45927760604014267,
      "cagr_3y_pct": -0.8397353437182287
    },
    {
      "year": 2000,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 364236.59297377674,
      "yoy_growth_pct": -52.67083891776498,
      "cagr_3y_pct": -37.629088209589554
    },
    {
      "year": 2001,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 1668556.7055233864,
      "yoy_growth_pct": 358.0969451478244,
      "cagr_3y_pct": 29.6259894325668
    },
    {
      "year": 2002,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 452530.4886380036,
      "yoy_growth_pct": -72.8789266112442,
      "cagr_3y_pct": -16.22179996030304
    },
    {
      "year": 2003,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 4099592.4807635583,
      "yoy_growth_pct": 805.9262488815376,
      "cagr_3y_pct": 124.10542561425184
    },
    {
      "year": 2004,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 1637674.8104600704,
      "yoy_growth_pct": -60.052741384796136,
      "cagr_3y_pct": -0.620784032582844
    },
    {
      "year": 2005,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 2224847.8272591108,
      "yoy_growth_pct": 35.854066573454006,
      "cagr_3y_pct": 70.03989278614036
    },
    {
      "year": 2006,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 3260583.7504730755,
      "yoy_growth_pct": 46.55311300503342,
      "cagr_3y_pct": -7.348691468670254
    },
    {
      "year": 2007,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 4079782.397545131,
      "yoy_growth_pct": 25.12429398426581,
      "cagr_3y_pct": 35.56152431288262
    },
    {
      "year": 2008,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 4868872.313306282,
      "yoy_growth_pct": 19.34147066853269,
      "cagr_3y_pct": 29.83028918581605
    },
    {
      "year": 2009,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 3959668.509695311,
      "yoy_growth_pct": -18.67380668673898,
      "cagr_3y_pct": 6.689371474454653
    },
    {
      "year": 2010,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 1951324.6507899559,
      "yoy_growth_pct": -50.719999767351574,
      "cagr_3y_pct": -21.79566206574679
    },
    {
      "year": 2011,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 4568104.55853346,
      "yoy_growth_pct": 134.1027443426265,
      "cagr_3y_pct": -2.1030375172369387
    },
    {
      "year": 2012,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 2529034.070382082,
      "yoy_growth_pct": -44.637123822883765,
      "cagr_3y_pct": -13.881071674565803
    },
    {
      "year": 2013,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 8272199.347013708,
      "yoy_growth_pct": 227.08928060284927,
      "cagr_3y_pct": 61.84420497201726
    },
    {
      "year": 2014,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 9613832.77743779,
      "yoy_growth_pct": 16.21858195315875,
      "cagr_3y_pct": 28.15046192884538
    },
    {
      "year": 2015,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 8409793.7371132,
      "yoy_growth_pct": -12.524027286497919,
      "cagr_3y_pct": 49.26004035764373
    },
    {
      "year": 2016,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 6751002.657345721,
      "yoy_growth_pct": -19.7245156257172,
      "cagr_3y_pct": -6.5493279221385485
    },
    {
      "year": 2017,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 14336378.555905133,
      "yoy_growth_pct": 112.35924918953803,
      "cagr_3y_pct": 14.247743768351562
    },
    {
      "year": 2018,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 15644203.384112345,
      "yoy_growth_pct": 9.122421140787473,
      "cagr_3y_pct": 22.986101853070195
    },
    {
      "year": 2019,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 11661222.384911515,
      "yoy_growth_pct": -25.459787893359874,
      "cagr_3y_pct": 19.984533201607935
    },
    {
      "year": 2020,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 16056365.96516341,
      "yoy_growth_pct": 37.690247515893205,
      "cagr_3y_pct": 3.849067065324552
    },
    {
      "year": 2021,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 17060213.36527213,
      "yoy_growth_pct": 6.252021175194389,
      "cagr_3y_pct": 2.9304018569357604
    },
    {
      "year": 2022,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 30784816.578928657,
      "yoy_growth_pct": 80.4480162105968,
      "cagr_3y_pct": 38.20725168219858
    },
    {
      "year": 2023,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 10294233.55931447,
      "yoy_growth_pct": -66.5606792461431,
      "cagr_3y_pct": -13.771879545120235
    },
    {
      "year": 2024,
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "export_value_usd": 16746010.34376182,
      "yoy_growth_pct": 62.67369734009607,
      "cagr_3y_pct": -0.6177178059392219
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "hs_code": "150420",
      "hs_description": "Fats and oils and their fractions: of fish, (excluding liver-oils)",
      "buyer_imports_latest_usd": 18171455.033344377,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.851179025943107,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "hs_code": "842833",
      "hs_description": "Elevators and conveyors: continuous-action, belt type, for goods or materials",
      "buyer_imports_latest_usd": 231034091.50476736,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.5521316021941352,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "hs_code": "151790",
      "hs_description": "Edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516",
      "buyer_imports_latest_usd": 87760572.9129399,
      "current_below_peak_pct": 17.036220653511467,
      "lane_volatility_cv": 0.09311253142212995,
      "attention_level": "Watch",
      "primary_risk_reason": "The lane has limited historical coverage",
      "risk_driver_labels": [
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "hs_code": "842381",
      "hs_description": "Weighing machines: other than personal, conveyor or constant weight scales, having a maximum weighing capacity not exceeding 30kg (excluding balances of a sensitivity of 5cg or better)",
      "buyer_imports_latest_usd": 21620794.3393418,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 2.58403419233043,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "hs_code": "030481",
      "hs_description": "Fish fillets: frozen, salmon, Pacific (Oncorhynchus nerka, Oncorhynchus gorbuscha, Oncorhynchus keta, Oncorhynchus tschawytscha, Oncorhynchus kisutch, Oncorhynchus masou, Oncorhynchus rhodurus), Atlantic (Salmo salar), and Danube (Hucho hucho)",
      "buyer_imports_latest_usd": 152339935.6538272,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 3.6701933578171015,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "hs_code": "151419",
      "hs_description": "Vegetable oils: low erucic acid rape or colza oil and its fractions, other than crude, but not chemically modified",
      "buyer_imports_latest_usd": 155651223.91180843,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.6561957260988961,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier",
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "hs_code": "150710",
      "hs_description": "Vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified",
      "buyer_imports_latest_usd": 59278294.83033394,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier",
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "ISL",
      "importer_iso3": "MEX",
      "hs_code": "151710",
      "hs_description": "Margarine: excluding liquid margarine",
      "buyer_imports_latest_usd": 27924931.396990955,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier",
        "limited_history"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "ISL",
    "importer_iso3": "MEX",
    "distance_km": 7461,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 0,
    "shared_colonial_history": 0,
    "has_fta": 1,
    "rta_coverage_ratio": 2,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 0,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 1293037.8663599999,
    "importer_gdp_per_capita_usd": 9926.42261514624,
    "importer_population": 130262.222,
    "importer_biz_entry_days": 8.4,
    "importer_biz_entry_cost_pct": 15.2,
    "exporter_gdp_million_usd": 25458.933915999998,
    "exporter_gdp_per_capita_usd": 68383.7653366282,
    "avg_applied_tariff_pct": 11.098700834232321,
    "avg_mfn_tariff_pct": 13.60029642040404,
    "avg_preferential_tariff_pct": 0.9064761206608084,
    "tariff_advantage_pp": 12.69382029974323
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/ISL-MEX/risk",
    "html": "https://www.yugalinks.com/trade/corridor/ISL-MEX/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/ISL-MEX/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/ISL-MEX/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/ISL-MEX/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}