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2023
Exports $3.23MWorld Rnk 48 / 185
Flag Rnk 84 / 943
2023
Destination $972k Norway
2022 - 2023
FASTEST GROWING MARKET $972kNorway
2023
PRODUCT COMPLEXITY IN Opto-Electric Instrument Parts1.07Rnk 155 / 1025
2023
Imports $1.06MWorld Rnk 100 / 215
Flag Rnk 532 / 1178
2023
Origin $73.8k Germany
2022 - 2023
FASTEST GROWING ORIGIN $73.8kGermany

About

Exports In 2023, Iceland exported $3.23M in Opto-Electric Instrument Parts, making it the 48th largest exporter of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 84th most exported product in Iceland. The main destination of Opto-Electric Instrument Parts exports from Iceland are: Norway ($1.22M), United Kingdom ($900k), Finland ($306k), Poland ($297k), and Turkey ($118k).

The fastest growing export markets for Opto-Electric Instrument Parts of Iceland between 2022 and 2023 were Norway ($972k), United Kingdom ($892k), and Poland ($240k).

Imports In 2023, Iceland imported $1.06M in Opto-Electric Instrument Parts, becoming the 100th largest importer of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 532nd most imported product in Iceland. Iceland imports Opto-Electric Instrument Parts primarily from: Germany ($323k), Denmark ($182k), United Kingdom ($64.3k), United States ($60.4k), and Slovenia ($54k).

The fastest growing import markets in Opto-Electric Instrument Parts for Iceland between 2022 and 2023 were Germany ($73.8k), Slovenia ($53.1k), and United Kingdom ($41k).

Latest Trends

Jan 2025

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 Opto-Electric Instrument 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 (2023)$3.23M
IMPORTS (2023)$1.06M
NET TRADE (2023)$2.16M

In 2023, Iceland exported $3.23M in Opto-Electric Instrument Parts. The main destinations of Iceland exports on Opto-Electric Instrument Parts were Norway ($1.22M), United Kingdom ($900k), Finland ($306k), Poland ($297k), and Turkey ($118k).

In 2023, Iceland imported $1.06M in Opto-Electric Instrument Parts, mainly from Germany ($323k), Denmark ($182k), United Kingdom ($64.3k), United States ($60.4k), and Slovenia ($54k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Opto-Electric Instrument Parts EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
Norway$972k (397%)
United Kingdom$892k (11.6k%)
Poland$240k (421%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Opto-Electric Instrument Parts BY Iceland WERE (2022 - 2023):
Denmark-$194k (-97.4%)
Germany-$79.1k (-77.5%)
Vietnam-$17.8k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iceland's main exporting competitors in Opto-Electric Instrument Parts were:
United States $485M
Germany $481M
China $397M
In 2023, Iceland's main importing competitors in Opto-Electric Instrument Parts were:
United States $276M
Germany $240M
Hong Kong $177M

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Trade Value of Opto-Electric Instrument Parts by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Opto-Electric Instrument Parts’s highest export potential is N/A. With an export gap of N/A.   Opto-Electric Instrument Parts’s highest import potential is N/A with an import gap of N/A.

See methodology.

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