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Exports In 2022, Iceland exported $16.6M in Lifting Machinery, making it the 53rd largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 30th most exported product in Iceland. The main destination of Lifting Machinery exports from Iceland are: United Kingdom ($3.85M), Netherlands ($3.79M), Norway ($2.91M), United States ($2.47M), and Canada ($1.53M).

The fastest growing export markets for Lifting Machinery of Iceland between 2021 and 2022 were United Kingdom ($1.96M), France ($283k), and Australia ($145k).

Imports In 2022, Iceland imported $31.2M in Lifting Machinery, becoming the 87th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 47th most imported product in Iceland. Iceland imports Lifting Machinery primarily from: Netherlands ($7.15M), Austria ($4.78M), Germany ($3.27M), Italy ($2.85M), and France ($2.8M).

The fastest growing import markets in Lifting Machinery for Iceland between 2021 and 2022 were Austria ($4.74M), Netherlands ($3.06M), and France ($2.58M).

Latest Trends

Oct 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 Lifting Machinery. 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)$16.6M
IMPORTS (2022)$31.2M
NET TRADE (2022)-$14.6M

In 2022, Iceland exported $16.6M in Lifting Machinery. The main destinations of Iceland exports on Lifting Machinery were United Kingdom ($3.85M), Netherlands ($3.79M), Norway ($2.91M), United States ($2.47M), and Canada ($1.53M).

In 2022, Iceland imported $31.2M in Lifting Machinery, mainly from Netherlands ($7.15M), Austria ($4.78M), Germany ($3.27M), Italy ($2.85M), and France ($2.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
United Kingdom$1.96M (104%)
France$283k (15.3k%)
Australia$145k (775%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Iceland WERE (2021 - 2022):
Netherlands-$3.08M (-44.9%)
Spain-$1.78M (-94.2%)
United States-$1.77M (-41.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Iceland's main exporting competitors in Lifting Machinery were:
China $6.88B
Germany $5.16B
Italy $2.48B
In 2022, Iceland's main importing competitors in Lifting Machinery were:

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Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

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

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