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Exports In 2022, Iceland exported $499k in Butter, making it the 79th largest exporter of Butter in the world. At the same year, Butter was the 188th most exported product in Iceland. The main destination of Butter exports from Iceland are: Netherlands ($420k), United States ($75.8k), United Kingdom ($1.6k), Greenland ($1.17k), and Denmark ($153).

The fastest growing export markets for Butter of Iceland between 2021 and 2022 were United States ($11.7k), United Kingdom ($1.07k), and Denmark ($153).

Imports In 2022, Iceland imported $94.5k in Butter, becoming the 198th largest importer of Butter in the world. At the same year, Butter was the 886th most imported product in Iceland. Iceland imports Butter primarily from: Poland ($36.1k), Denmark ($25.6k), Germany ($17.6k), Netherlands ($5.81k), and France ($4.88k).

The fastest growing import markets in Butter for Iceland between 2021 and 2022 were Denmark ($16.3k), Poland ($8.23k), and Netherlands ($4.89k).

Latest Trends

Nov 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Butter. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$499k
IMPORTS (2022)$94.5k
NET TRADE (2022)$405k

In 2022, Iceland exported $499k in Butter. The main destinations of Iceland exports on Butter were Netherlands ($420k), United States ($75.8k), United Kingdom ($1.6k), Greenland ($1.17k), and Denmark ($153).

In 2022, Iceland imported $94.5k in Butter, mainly from Poland ($36.1k), Denmark ($25.6k), Germany ($17.6k), Netherlands ($5.81k), and France ($4.88k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
United States$11.7k (18.2%)
United Kingdom$1.07k (202%)
Denmark$153 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY Iceland WERE (2021 - 2022):
Netherlands-$439k (-51.1%)
Georgia-$215k (-100%)
Greenland-$1.18k (-50.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Iceland's main exporting competitors in Butter were:
In 2022, Iceland's main importing competitors in Butter were:

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

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Butter’s highest export potential is N/A. With an export gap of N/A.   Butter’s highest import potential is N/A with an import gap of N/A.

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