China / Iceland

Overview In May 2024, China exported $23.3M and imported $9.92M from Iceland, resulting in a positive trade balance of $13.4M. Between May 2023 and May 2024 the exports of China have increased by $2.24M (10.6%) from $21.1M to $23.3M, while imports decreased by $-63.8M (-86.5%) from $73.7M to $9.92M.

Trade In May 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 May 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 May 2024 the exports of China were mainly from Jiangsu Province ($5.91M), Shandong Province ($5.7M), Guangdong Province ($4.86M), Anhui Province ($1.4M), and Hubei Province ($1.26M), while imports destinations were mainly Shandong Province ($4.91M), Jiangsu Province ($1.89M), Fujian Province ($1.29M), Shanghai Province ($789k), and Liaoning Province ($508k).

Growth In May 2024, the increase in China's year-by-year exports to Iceland was explained primarily by an increase in product exports in Carbon-based Electronics ($8.38M or 258%), Industrial Food Preperation Machinery ($1.11M or 2.07k%), and Iron Wire ($861k or 2.18k%). In May 2024, the decrease in China's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in Non-fillet Frozen Fish ($-2.51M or -38%), Aluminium Foil ($-348k or -23.7%), and Soap ($-31.4k or -99.9%).