2022
Exports
$776kWorld Rnk 84 / 153
Flag Rnk 148 / 935
2022
PRODUCT COMPLEXITY IN Other Vegetable Oils
-1.26Rnk 899 / 1025
2022
Imports
$625kWorld Rnk 148 / 214
Flag Rnk 622 / 1186

About

Exports In 2022, Iceland exported $776k in Other Vegetable Oils, making it the 84th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 148th most exported product in Iceland. The main destination of Other Vegetable Oils exports from Iceland are: Turkey ($340k), Russia ($97.9k), Germany ($73.3k), Netherlands ($72.5k), and South Korea ($69.8k).

The fastest growing export markets for Other Vegetable Oils of Iceland between 2021 and 2022 were Turkey ($340k), South Korea ($39.3k), and Norway ($9.32k).

Imports In 2022, Iceland imported $625k in Other Vegetable Oils, becoming the 148th largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 622nd most imported product in Iceland. Iceland imports Other Vegetable Oils primarily from: Sweden ($216k), Denmark ($143k), Norway ($81.6k), United Kingdom ($62.5k), and Netherlands ($59.7k).

The fastest growing import markets in Other Vegetable Oils for Iceland between 2021 and 2022 were Netherlands ($58.2k), Estonia ($120), and Syria ($115).

Latest Trends

Nov 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 Vegetable Oils. 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)$776k
IMPORTS (2022)$625k
NET TRADE (2022)$150k

In 2022, Iceland exported $776k in Other Vegetable Oils. The main destinations of Iceland exports on Other Vegetable Oils were Turkey ($340k), Russia ($97.9k), Germany ($73.3k), Netherlands ($72.5k), and South Korea ($69.8k).

In 2022, Iceland imported $625k in Other Vegetable Oils, mainly from Sweden ($216k), Denmark ($143k), Norway ($81.6k), United Kingdom ($62.5k), and Netherlands ($59.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Turkey$340k (1%)
South Korea$39.3k (129%)
Norway$9.32k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Iceland WERE (2021 - 2022):
United Kingdom-$180k (-75.4%)
Russia-$130k (-57%)
United States-$89.1k (-84.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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