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Exports In 2022, Iceland exported $4.26M in Cars, making it the 95th largest exporter of Cars in the world. At the same year, Cars was the 67th most exported product in Iceland. The main destination of Cars exports from Iceland are: Senegal ($1.56M), Lithuania ($641k), Germany ($555k), Netherlands ($322k), and Norway ($194k).

The fastest growing export markets for Cars of Iceland between 2021 and 2022 were Senegal ($1.55M), Switzerland ($167k), and Latvia ($153k).

Imports In 2022, Iceland imported $629M in Cars, becoming the 85th largest importer of Cars in the world. At the same year, Cars was the 3rd most imported product in Iceland. Iceland imports Cars primarily from: Germany ($125M), Japan ($74.6M), United States ($55.6M), Netherlands ($50.3M), and Slovakia ($42.6M).

The fastest growing import markets in Cars for Iceland between 2021 and 2022 were Germany ($32M), Japan ($28.4M), and China ($18.7M).

Latest Trends

Apr 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 Cars. 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)$4.26M
IMPORTS (2022)$629M
NET TRADE (2022)-$624M

In 2022, Iceland exported $4.26M in Cars. The main destinations of Iceland exports on Cars were Senegal ($1.56M), Lithuania ($641k), Germany ($555k), Netherlands ($322k), and Norway ($194k).

In 2022, Iceland imported $629M in Cars, mainly from Germany ($125M), Japan ($74.6M), United States ($55.6M), Netherlands ($50.3M), and Slovakia ($42.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Senegal$1.55M (16.8k%)
Switzerland$167k (1%)
Latvia$153k (897%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Iceland WERE (2021 - 2022):
Denmark-$1.2M (-91.7%)
Finland-$1.08M (-100%)
Netherlands-$608k (-65.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cars by Exporters

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