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Exports In 2022, Iceland exported $12.5k in Cotton, making it the 164th largest exporter of Cotton in the world. At the same year, Cotton was the 89th most exported product in Iceland. The main destination of Cotton exports from Iceland are: Norway ($4.59k), United Arab Emirates ($2.18k), United Kingdom ($1.15k), Belgium ($978), and Sweden ($923).

The fastest growing export markets for Cotton of Iceland between 2021 and 2022 were Norway ($4.15k), United Arab Emirates ($2.18k), and United Kingdom ($1.15k).

Imports In 2022, Iceland imported $985k in Cotton, becoming the 168th largest importer of Cotton in the world. At the same year, Cotton was the 85th most imported product in Iceland. Iceland imports Cotton primarily from: Denmark ($145k), Germany ($107k), Netherlands ($83.1k), China ($67.3k), and United Kingdom ($60.1k).

The fastest growing import markets in Cotton for Iceland between 2021 and 2022 were Germany ($25.4k), Netherlands ($13.3k), and Lithuania ($11.7k).

Latest Trends

Jul 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 Cotton. 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)$12.5k
IMPORTS (2022)$985k
NET TRADE (2022)-$973k

In 2022, Iceland exported $12.5k in Cotton. The main destinations of Iceland exports on Cotton were Norway ($4.59k), United Arab Emirates ($2.18k), United Kingdom ($1.15k), Belgium ($978), and Sweden ($923).

In 2022, Iceland imported $985k in Cotton, mainly from Denmark ($145k), Germany ($107k), Netherlands ($83.1k), China ($67.3k), and United Kingdom ($60.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cotton EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Norway$4.15k (954%)
United Kingdom$1.15k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cotton BY Iceland WERE (2021 - 2022):
Vietnam-$752k (-100%)
Denmark-$4.67k (-89.1%)
Sweden-$4.53k (-83.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cotton by Exporters

Potential Exports

Potential Exports

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

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