2022
Exports | Imports
$207k | $3.13MWorld Rnk 91 / 199
Flag Rnk 275 / 935
World Rnk 102 / 220
Flag Rnk 341 / 1186
2022
PRODUCT COMPLEXITY IN Metalworking Machine Parts
1.53Rnk 39 / 1025

About

Exports In 2022, Iceland exported $207k in Metalworking Machine Parts, making it the 91st largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 275th most exported product in Iceland. The main destination of Metalworking Machine Parts exports from Iceland are: Norway ($53.3k), United States ($27.3k), Italy ($19.6k), Sweden ($16.9k), and Germany ($15.6k).

The fastest growing export markets for Metalworking Machine Parts of Iceland between 2021 and 2022 were Norway ($40.5k), Italy ($18.2k), and Sweden ($15.3k).

Imports In 2022, Iceland imported $3.13M in Metalworking Machine Parts, becoming the 102nd largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 341st most imported product in Iceland. Iceland imports Metalworking Machine Parts primarily from: Germany ($722k), United States ($555k), Sweden ($250k), Italy ($208k), and China ($174k).

The fastest growing import markets in Metalworking Machine Parts for Iceland between 2021 and 2022 were United States ($234k), Finland ($120k), and Italy ($78.5k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Metalworking Machine Parts from Iceland to the United States.

Latest Trends

Feb 2024

Subnational Monthly Trade

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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 Metalworking Machine Parts. 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)$207k
IMPORTS (2022)$3.13M
NET TRADE (2022)-$2.93M

In 2022, Iceland exported $207k in Metalworking Machine Parts. The main destinations of Iceland exports on Metalworking Machine Parts were Norway ($53.3k), United States ($27.3k), Italy ($19.6k), Sweden ($16.9k), and Germany ($15.6k).

In 2022, Iceland imported $3.13M in Metalworking Machine Parts, mainly from Germany ($722k), United States ($555k), Sweden ($250k), Italy ($208k), and China ($174k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Norway$40.5k (317%)
Italy$18.2k (1.25k%)
Sweden$15.3k (968%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY Iceland WERE (2021 - 2022):
Denmark-$28.7k (-84.5%)
Lithuania-$26.2k (-100%)
Ireland-$18k (-83.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Metalworking Machine Parts were:
In 2022, Iceland's main importing competitors in Metalworking Machine Parts were:

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Trade Value of Metalworking Machine Parts by Exporters

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