2023
Exports
$28.3kWorld Rnk 96 / 160
Flag Rnk 486 / 943
2023
PRODUCT COMPLEXITY IN Pure Olive Oil
-0.73Rnk 765 / 1025
2023
Imports
$5.77MWorld Rnk 74 / 221
Flag Rnk 233 / 1178

About

Exports In 2023, Iceland exported $28.3k in Pure Olive Oil, making it the 96th largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 486th most exported product in Iceland. The main destination of Pure Olive Oil exports from Iceland are: Spain ($25.3k), Senegal ($1.92k), United Arab Emirates ($375), Greenland ($267), and Netherlands ($133).

The fastest growing export markets for Pure Olive Oil of Iceland between 2022 and 2023 were Spain ($21.9k), United Arab Emirates ($375), and Greenland ($161).

Imports In 2023, Iceland imported $5.77M in Pure Olive Oil, becoming the 74th largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 233rd most imported product in Iceland. Iceland imports Pure Olive Oil primarily from: Spain ($2.37M), Italy ($2.08M), Cyprus ($1.04M), France ($65.6k), and United Kingdom ($62.8k).

The fastest growing import markets in Pure Olive Oil for Iceland between 2022 and 2023 were Spain ($1.43M), Cyprus ($43.4k), and Germany ($13.2k).

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 Pure Olive Oil. 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)$28.3k
IMPORTS (2023)$5.77M
NET TRADE (2023)-$5.74M

In 2023, Iceland exported $28.3k in Pure Olive Oil. The main destinations of Iceland exports on Pure Olive Oil were Spain ($25.3k), Senegal ($1.92k), United Arab Emirates ($375), Greenland ($267), and Netherlands ($133).

In 2023, Iceland imported $5.77M in Pure Olive Oil, mainly from Spain ($2.37M), Italy ($2.08M), Cyprus ($1.04M), France ($65.6k), and United Kingdom ($62.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
Spain$21.9k (646%)
Greenland$161 (152%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Iceland WERE (2022 - 2023):
Vietnam-$6.15k (-100%)
Senegal-$398 (-17.2%)
United States-$96 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iceland's main exporting competitors in Pure Olive Oil were:
Spain $4.69B
Italy $2.14B
Greece $1.35B
In 2023, Iceland's main importing competitors in Pure Olive Oil were:

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Trade Value of Pure Olive Oil by Exporters

Potential Exports

Potential Exports

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

Pure Olive Oil’s highest export potential is N/A. With an export gap of N/A.   Pure Olive Oil’s highest import potential is N/A with an import gap of N/A.

See methodology.

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