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Exports In 2023, Iceland exported $434k in Other Hand Tools, making it the 99th largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 207th most exported product in Iceland. The main destination of Other Hand Tools exports from Iceland are: United States ($124k), Germany ($94.6k), Netherlands ($48.6k), France ($24.6k), and Canada ($23k).

The fastest growing export markets for Other Hand Tools of Iceland between 2022 and 2023 were Germany ($81.5k), United States ($73.4k), and Netherlands ($28.2k).

Imports In 2023, Iceland imported $6.17M in Other Hand Tools, becoming the 111th largest importer of Other Hand Tools in the world. At the same year, Other Hand Tools was the 227th most imported product in Iceland. Iceland imports Other Hand Tools primarily from: China ($1.33M), Germany ($951k), United States ($527k), Denmark ($460k), and Chinese Taipei ($383k).

The fastest growing import markets in Other Hand Tools for Iceland between 2022 and 2023 were Germany ($171k), Sweden ($100k), and Czechia ($76.8k).

Latest Trends

Dec 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 Hand Tools. 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)$434k
IMPORTS (2023)$6.17M
NET TRADE (2023)-$5.74M

In 2023, Iceland exported $434k in Other Hand Tools. The main destinations of Iceland exports on Other Hand Tools were United States ($124k), Germany ($94.6k), Netherlands ($48.6k), France ($24.6k), and Canada ($23k).

In 2023, Iceland imported $6.17M in Other Hand Tools, mainly from China ($1.33M), Germany ($951k), United States ($527k), Denmark ($460k), and Chinese Taipei ($383k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
Germany$81.5k (623%)
United States$73.4k (144%)
Netherlands$28.2k (138%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY Iceland WERE (2022 - 2023):
Switzerland-$31.5k (-87%)
United Kingdom-$15.7k (-78.7%)
Norway-$14.4k (-51.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iceland's main exporting competitors in Other Hand Tools were:
In 2023, Iceland's main importing competitors in Other Hand Tools were:

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Trade Value of Other Hand Tools by Exporters

Potential Exports

Potential Exports

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

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