Fish oil in Iceland | The Observatory of Economic Complexity

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Exports In 2023, Iceland exported $252M in Fish oil, making it the 6th largest exporter of Fish oil in the world. At the same year, Fish oil was the 8th most exported product in Iceland. The main destination of Fish oil exports from Iceland are: Norway ($124M), United Kingdom ($39.9M), Denmark ($29.5M), United States ($24.6M), and China ($5.02M).

The fastest growing export markets for Fish oil of Iceland between 2022 and 2023 were Norway ($12.2M), Denmark ($3.72M), and Germany ($2.54M).

Imports In 2023, Iceland imported $58.6M in Fish oil, becoming the 18th largest importer of Fish oil in the world. At the same year, Fish oil was the 21st most imported product in Iceland. Iceland imports Fish oil primarily from: Morocco ($41.2M), Peru ($7M), Chile ($5.68M), Turkey ($1.46M), and Germany ($1.18M).

The fastest growing import markets in Fish oil for Iceland between 2022 and 2023 were Morocco ($36.6M), Chile ($5.68M), and Turkey ($1.46M).

Dec 2024

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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 Fish oil. Countries are shown based on data availability.

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

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Year

EXPORTS (2023)$252M

IMPORTS (2023)$58.6M

NET TRADE (2023)$193M

In 2023, Iceland exported $252M in Fish oil. The main destinations of Iceland exports on Fish oil were Norway ($124M), United Kingdom ($39.9M), Denmark ($29.5M), United States ($24.6M), and China ($5.02M).

In 2023, Iceland imported $58.6M in Fish oil, mainly from Morocco ($41.2M), Peru ($7M), Chile ($5.68M), Turkey ($1.46M), and Germany ($1.18M).