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Exports In 2022, Iceland exported $1.97M in Other Electrical Machinery, making it the 85th largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 94th most exported product in Iceland. The main destination of Other Electrical Machinery exports from Iceland are: United States ($1.23M), Thailand ($302k), Netherlands ($196k), Ireland ($58.2k), and United Kingdom ($36k).

The fastest growing export markets for Other Electrical Machinery of Iceland between 2021 and 2022 were United States ($1.22M), Thailand ($275k), and Netherlands ($157k).

Imports In 2022, Iceland imported $15.3M in Other Electrical Machinery, becoming the 110th largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 109th most imported product in Iceland. Iceland imports Other Electrical Machinery primarily from: China ($5.15M), Indonesia ($2.05M), United Kingdom ($1.22M), Germany ($975k), and Sweden ($924k).

The fastest growing import markets in Other Electrical Machinery for Iceland between 2021 and 2022 were Indonesia ($2.02M), Thailand ($335k), and Singapore ($233k).

Latest Trends

Aug 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 Other Electrical 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)$1.97M
IMPORTS (2022)$15.3M
NET TRADE (2022)-$13.4M

In 2022, Iceland exported $1.97M in Other Electrical Machinery. The main destinations of Iceland exports on Other Electrical Machinery were United States ($1.23M), Thailand ($302k), Netherlands ($196k), Ireland ($58.2k), and United Kingdom ($36k).

In 2022, Iceland imported $15.3M in Other Electrical Machinery, mainly from China ($5.15M), Indonesia ($2.05M), United Kingdom ($1.22M), Germany ($975k), and Sweden ($924k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
United States$1.22M (27.1k%)
Thailand$275k (1.03k%)
Netherlands$157k (412%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Iceland WERE (2021 - 2022):
Paraguay-$838k (-100%)
Senegal-$730k (-100%)
Russia-$373k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Other Electrical Machinery were:
In 2022, Iceland's main importing competitors in Other Electrical Machinery were:

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Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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