{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:21.116Z",
  "seo": {
    "title": "Portugal exports to Iceland: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Portugal to Iceland, 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": "PRT",
    "country_name": "Portugal"
  },
  "importer": {
    "iso3": "ISL",
    "country_name": "Iceland"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "PRT",
    "importer_iso3": "ISL",
    "all_history_lane_count": 43,
    "current_lane_count": 26,
    "current_product_count": 26,
    "first_observed_last_year": 1995,
    "latest_data_year": 2024,
    "current_trade_usd": 9415915.686406996,
    "attention_trade_usd": 3801606.4478552826,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 6561904.114872894,
    "unrecovered_drawdown_trade_usd": 5188493.733714458,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 1452397.771660338,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 2,
    "high_volatility_lane_count": 19,
    "unrecovered_drawdown_lane_count": 12,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 2,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.489103451179102,
    "trade_weighted_below_peak_pct": 41.70574119903517,
    "product_concentration_hhi": 1572.0580393548487,
    "top1_product_share_pct": 27.53390063036967,
    "top3_product_share_pct": 62.79054873923177,
    "top_product_hs6": "842139",
    "top_product_trade_usd": 2592568.8685346926,
    "top_product_description": "Machinery: for filtering or purifying gases, other than intake air filters for internal combustion engines",
    "top_attention_product_hs6": "842139",
    "top_attention_product_reason": "Current trade remains more than 50% below its historical peak",
    "distance_km": 2952.571533203125,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.2847999930381775,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 3.335288936048485,
    "avg_mfn_tariff_pct": 3.9412890495353543,
    "avg_preferential_tariff_pct": 1.14792510420202,
    "tariff_advantage_pp": 2.793363945333334,
    "buyer_biz_entry_days": 11.5,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 25458.933916,
    "buyer_gdp_pc_latest": 68384,
    "buyer_population_latest": 372.295,
    "buyer_gdp_5y_cagr_pct": 5.884796260042391,
    "buyer_gdp_pc_5y_cagr_pct": 4.423582580964003,
    "buyer_population_5y_cagr_pct": 1.399313874282604,
    "buyer_investment_5y_avg_pct": 23.401999999999997,
    "buyer_savings_5y_avg_pct": 24.644,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 40.37426177618983,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Watch",
    "primary_risk_reason": "Volatile products account for the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 25458.933916,
    "buyer_gdp_pc_2024": 68384,
    "buyer_population_2024": 372.295
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 11337137.469002329,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 10905997.234559296,
      "yoy_growth_pct": -3.802902060787783,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 10851857.994865788,
      "yoy_growth_pct": -0.49641714122161673,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 14216089.719550729,
      "yoy_growth_pct": 31.00143520378371,
      "cagr_3y_pct": 7.834794322731531
    },
    {
      "year": 1999,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 12783827.817884376,
      "yoy_growth_pct": -10.074935723686584,
      "cagr_3y_pct": 5.4383278451549
    },
    {
      "year": 2000,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 13823925.099549403,
      "yoy_growth_pct": 8.136039506179426,
      "cagr_3y_pct": 8.40328008028517
    },
    {
      "year": 2001,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 14045511.313026328,
      "yoy_growth_pct": 1.6029182152046406,
      "cagr_3y_pct": -0.40157607690246566
    },
    {
      "year": 2002,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 10217062.923407204,
      "yoy_growth_pct": -27.25745118348577,
      "cagr_3y_pct": -7.198488074450127
    },
    {
      "year": 2003,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 9994328.43810483,
      "yoy_growth_pct": -2.180024601709074,
      "cagr_3y_pct": -10.248699876010459
    },
    {
      "year": 2004,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 27056520.474846214,
      "yoy_growth_pct": 170.71874456005762,
      "cagr_3y_pct": 24.426092763774232
    },
    {
      "year": 2005,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 13859855.593840959,
      "yoy_growth_pct": -48.77443458878562,
      "cagr_3y_pct": 10.69913120493382
    },
    {
      "year": 2006,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 18084838.96675278,
      "yoy_growth_pct": 30.483603124907876,
      "cagr_3y_pct": 21.85789625609491
    },
    {
      "year": 2007,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 10785185.634338086,
      "yoy_growth_pct": -40.363385849519574,
      "cagr_3y_pct": -26.40439271422944
    },
    {
      "year": 2008,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 8828781.579136064,
      "yoy_growth_pct": -18.139734646506078,
      "cagr_3y_pct": -13.957301497781692
    },
    {
      "year": 2009,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 6504480.579542511,
      "yoy_growth_pct": -26.326407316342248,
      "cagr_3y_pct": -28.88421770376063
    },
    {
      "year": 2010,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 6057651.622659087,
      "yoy_growth_pct": -6.869556322279791,
      "cagr_3y_pct": -17.49272895622851
    },
    {
      "year": 2011,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 7345602.283359947,
      "yoy_growth_pct": 21.261550530294393,
      "cagr_3y_pct": -5.946373440576558
    },
    {
      "year": 2012,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 13936444.415264066,
      "yoy_growth_pct": 89.72500657753291,
      "cagr_3y_pct": 28.91787013431093
    },
    {
      "year": 2013,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 17366325.107486885,
      "yoy_growth_pct": 24.610873405172118,
      "cagr_3y_pct": 42.05871368452201
    },
    {
      "year": 2014,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 18923136.075020775,
      "yoy_growth_pct": 8.964538887174967,
      "cagr_3y_pct": 37.08456785434058
    },
    {
      "year": 2015,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 18327902.15866013,
      "yoy_growth_pct": -3.1455352537805625,
      "cagr_3y_pct": 9.560395228644602
    },
    {
      "year": 2016,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 20945344.372650556,
      "yoy_growth_pct": 14.281188274205503,
      "cagr_3y_pct": 6.445308766230906
    },
    {
      "year": 2017,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 21892822.44393049,
      "yoy_growth_pct": 4.523573613414089,
      "cagr_3y_pct": 4.97910861605253
    },
    {
      "year": 2018,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 20937025.4931562,
      "yoy_growth_pct": -4.3658004956746765,
      "cagr_3y_pct": 4.536368261294821
    },
    {
      "year": 2019,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 12023875.857922725,
      "yoy_growth_pct": -42.571231706944054,
      "cagr_3y_pct": -16.890182977003143
    },
    {
      "year": 2020,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 15618057.84874306,
      "yoy_growth_pct": 29.892041745025754,
      "cagr_3y_pct": -10.647146962977526
    },
    {
      "year": 2021,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 18469460.752903074,
      "yoy_growth_pct": 18.257090169438015,
      "cagr_3y_pct": -4.093860159843232
    },
    {
      "year": 2022,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 26137772.568854365,
      "yoy_growth_pct": 41.518872253733605,
      "cagr_3y_pct": 29.541234167787355
    },
    {
      "year": 2023,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 25503144.627156343,
      "yoy_growth_pct": -2.428010803239755,
      "cagr_3y_pct": 17.75758818540727
    },
    {
      "year": 2024,
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "export_value_usd": 25871584.233884566,
      "yoy_growth_pct": 1.4446830464032168,
      "cagr_3y_pct": 11.889569416164747
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "hs_code": "842139",
      "hs_description": "Machinery: for filtering or purifying gases, other than intake air filters for internal combustion engines",
      "buyer_imports_latest_usd": 29922954.809482392,
      "current_below_peak_pct": 65.34131092161957,
      "lane_volatility_cv": 2.531035828224913,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "hs_code": "271019",
      "hs_description": "",
      "buyer_imports_latest_usd": 884637701.4276571,
      "current_below_peak_pct": 17.28213801807333,
      "lane_volatility_cv": 1.1049060918692954,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "hs_code": "721420",
      "hs_description": "Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling",
      "buyer_imports_latest_usd": 17167874.643146,
      "current_below_peak_pct": 52.20989231736566,
      "lane_volatility_cv": 0.820923315470705,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier",
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "hs_code": "870210",
      "hs_description": "Vehicles: public transport type (carries 10 or more passengers), compression-ignition internal combustion piston engine (diesel or semi-diesel)",
      "buyer_imports_latest_usd": 37368684.95757719,
      "current_below_peak_pct": 59.40451389700685,
      "lane_volatility_cv": 0.9794268431163514,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "hs_code": "220421",
      "hs_description": "Wine: still, in containers holding 2 litres or less",
      "buyer_imports_latest_usd": 24343269.546764806,
      "current_below_peak_pct": 3.347191893403222,
      "lane_volatility_cv": 0.39137580633982727,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "hs_code": "901580",
      "hs_description": "Surveying equipment: articles n.e.c. in heading no. 9015, including hydrographic, oceanographic, hydrological, meteorological or geophysical instruments and appliances (excluding compasses)",
      "buyer_imports_latest_usd": 12278858.32411142,
      "current_below_peak_pct": 39.57267478752101,
      "lane_volatility_cv": 1.0175825765060298,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "hs_code": "300490",
      "hs_description": "Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale",
      "buyer_imports_latest_usd": 188316063.76616427,
      "current_below_peak_pct": 61.32271949215422,
      "lane_volatility_cv": 0.7596532028363056,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "hs_code": "210690",
      "hs_description": "Food preparations: n.e.s. in item no. 2106.10",
      "buyer_imports_latest_usd": 62441614.01858324,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.9998783817074093,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "hs_code": "940161",
      "hs_description": "Seats: with wooden frames, upholstered, (excluding medical, surgical, dental, veterinary or barber furniture)",
      "buyer_imports_latest_usd": 14528437.869635811,
      "current_below_peak_pct": 45.367659564326964,
      "lane_volatility_cv": 1.7044549587121889,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "ISL",
      "hs_code": "940360",
      "hs_description": "Furniture: wooden, other than for office, kitchen or bedroom use",
      "buyer_imports_latest_usd": 31229453.99663617,
      "current_below_peak_pct": 72.59129573535479,
      "lane_volatility_cv": 1.6153908216176258,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "PRT",
    "importer_iso3": "ISL",
    "distance_km": 2951,
    "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": 1,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 1,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 25458.933915999998,
    "importer_gdp_per_capita_usd": 68383.7653366282,
    "importer_population": 372.295,
    "importer_biz_entry_days": 11.5,
    "importer_biz_entry_cost_pct": 1.9,
    "exporter_gdp_million_usd": 249886.46435499997,
    "exporter_gdp_per_capita_usd": 24262.180935281518,
    "avg_applied_tariff_pct": 3.335288936048485,
    "avg_mfn_tariff_pct": 3.9412890495353543,
    "avg_preferential_tariff_pct": 1.14792510420202,
    "tariff_advantage_pp": 2.793363945333334
  },
  "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/PRT-ISL/risk",
    "html": "https://www.yugalinks.com/trade/corridor/PRT-ISL/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/PRT-ISL/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/PRT-ISL/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/PRT-ISL/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"
  }
}