China / Iceland

Overview In February 2024, China exported $15.8M and imported $7.55M from Iceland, resulting in a positive trade balance of $8.21M. Between February 2023 and February 2024 the exports of China have decreased by $-5.22M (-24.9%) from $21M to $15.8M, while imports decreased by $-3.84M (-33.7%) from $11.4M to $7.55M.

Trade In February 2024, the top exports of China to Iceland were Carbon-based Electronics ($11.6M), Industrial Food Preperation Machinery ($1.16M), Aluminium Foil ($1.05M), Iron Wire ($900k), and Rubber Tires ($610k). In February 2024 the top imports of China from Iceland were Non-fillet Frozen Fish ($4.09M), Non-fillet Fresh Fish ($1.52M), Aluminium Foil ($1.12M), Aquatic invertebrates, other than crustaceans and... ($847k), and Fish oil ($656k).

Origins In February 2024 the exports of China were mainly from Guangdong Province ($4.61M), Shandong Province ($3.79M), Jiangsu Province ($1.74M), Zhejiang Province ($1.58M), and Anhui Province ($1.28M), while imports destinations were mainly Shandong Province ($1.94M), Shanghai Province ($1.21M), Zhejiang Province ($1.08M), Liaoning Province ($1.03M), and Sichuan Province ($657k).

Growth In February 2024, the decrease in China's year-by-year exports to Iceland was explained primarily by an decrease in product exports in Cars ($-2.12M or -81.9%), Motorcycles and cycles ($-486k or -75.2%), and Laboratory Reagents ($-409k or -92.6%). In February 2024, the decrease in China's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in Non-fillet Frozen Fish ($-2.51M or -38%), Aluminium Foil ($-348k or -23.7%), and Soap ($-31.4k or -99.9%).