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Exports In 2023, Iceland exported $254M in Ferroalloys, making it the 28th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 7th most exported product in Iceland. The main destination of Ferroalloys exports from Iceland are: Netherlands ($78.6M), Japan ($62.1M), Germany ($56.6M), United States ($29.7M), and Czechia ($4.75M).

The fastest growing export markets for Ferroalloys of Iceland between 2022 and 2023 were India ($4.4M), Slovakia ($3.36M), and Czechia ($3.2M).

Imports In 2023, Iceland imported $425k in Ferroalloys, becoming the 136th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 673rd most imported product in Iceland. Iceland imports Ferroalloys primarily from: United Kingdom ($112k), Netherlands ($97.1k), Canada ($64.9k), Australia ($49.3k), and Sweden ($36.4k).

The fastest growing import markets in Ferroalloys for Iceland between 2022 and 2023 were United Kingdom ($111k), Netherlands ($60.2k), and Australia ($49.3k).

Latest Trends

Dec 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 Ferroalloys. 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 (2023)$254M
IMPORTS (2023)$425k
NET TRADE (2023)$254M

In 2023, Iceland exported $254M in Ferroalloys. The main destinations of Iceland exports on Ferroalloys were Netherlands ($78.6M), Japan ($62.1M), Germany ($56.6M), United States ($29.7M), and Czechia ($4.75M).

In 2023, Iceland imported $425k in Ferroalloys, mainly from United Kingdom ($112k), Netherlands ($97.1k), Canada ($64.9k), Australia ($49.3k), and Sweden ($36.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
India$4.4M (1%)
Slovakia$3.36M (751%)
Czechia$3.2M (207%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Iceland WERE (2022 - 2023):
Germany-$35.5M (-38.5%)
Japan-$20.4M (-24.7%)
Netherlands-$19.4M (-19.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, Iceland's main exporting competitors in Ferroalloys were:
In 2023, Iceland's main importing competitors in Ferroalloys were:

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

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

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