Iceland vs Somalia: Merchandise imports from low- and middle-income economies in Latin

Iceland
4.9%
in 2023
Somalia
4.7%
in 2023
Iceland rank
42nd
Somalia rank
45th

Merchandise imports from low- and middle-income economies in Latin over time

  • Iceland
  • Somalia
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How they compare

Iceland currently reports 4.9% against 4.7% in Somalia, a difference of 0.2%.

The two have swapped places 14 times across 48 shared years of data; in 1962 it was Iceland ahead.

Iceland ranks 42nd and Somalia ranks 45th of 206 countries.

Across the 7 decades both report, Iceland averaged higher in 4 and Somalia in 3.

Head to head by decade

Decade Iceland Somalia Difference Ahead
1960s 2.0% 0.3% 1.7% Iceland
1970s 2.4% 1.4% 1.0% Iceland
1980s 1.0% 1.1% 0.1% Somalia
1990s 0.5% 6.4% 5.9% Somalia
2000s 2.2% 9.6% 7.4% Somalia
2010s 7.0% 2.3% 4.7% Iceland
2020s 5.7% 2.5% 3.2% Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher merchandise imports from low- and middle-income economies in latin, Iceland or Somalia?
Iceland, at 4.9% against 4.7% in Somalia as of 2023.
What is the difference in merchandise imports from low- and middle-income economies in latin between Iceland and Somalia?
0.2%, with Iceland ahead.
How many years of comparable data are there for Iceland and Somalia?
48 years are reported by both, from 1962 to 2023.
How do Iceland and Somalia rank globally for merchandise imports from low- and middle-income economies in latin?
Iceland ranks 42nd and Somalia ranks 45th of 206 countries.
Where does this data come from?
Staff estimates, World Bank (WB), published as Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Somalia: Merchandise imports from low- and middle-income economies in Latin. Statizoid, drawing on Staff estimates, World Bank (WB). Retrieved 17 September 2026, from https://private-sector.statizoid.com/compare/merchandise-imports-from-low-and-middle-income-economies-in-latin-america-and-the/iceland/somalia-fed-rep/

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About this data

Indicator
Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports)
Unit
% of total merchandise imports
Source
Staff estimates, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
253 places, 12,628 data points, 1960–2023
Last refreshed

Merchandise imports from low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Latin America and the Caribbean region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.