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Exports In 2023, Iceland exported $34k in Rare-Earth Metal Compounds, making it the 48th largest exporter of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 471st most exported product in Iceland. The main destination of Rare-Earth Metal Compounds exports from Iceland are: United States ($19.2k), Germany ($9.92k), Chinese Taipei ($3.94k), Norway ($931), and France ($1).

The fastest growing export markets for Rare-Earth Metal Compounds of Iceland between 2022 and 2023 were United States ($19.2k), Germany ($9.92k), and Chinese Taipei ($3.94k).

Imports In 2023, Iceland imported $647k in Rare-Earth Metal Compounds, becoming the 42nd largest importer of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 597th most imported product in Iceland. Iceland imports Rare-Earth Metal Compounds primarily from: United States ($406k), Netherlands ($132k), United Kingdom ($21k), Denmark ($18.8k), and Switzerland ($14.4k).

The fastest growing import markets in Rare-Earth Metal Compounds for Iceland between 2022 and 2023 were United States ($405k), Netherlands ($132k), and United Kingdom ($21k).

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 Rare-Earth Metal Compounds. 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)$34k
IMPORTS (2023)$647k
NET TRADE (2023)-$613k

In 2023, Iceland exported $34k in Rare-Earth Metal Compounds. The main destinations of Iceland exports on Rare-Earth Metal Compounds were United States ($19.2k), Germany ($9.92k), Chinese Taipei ($3.94k), Norway ($931), and France ($1).

In 2023, Iceland imported $647k in Rare-Earth Metal Compounds, mainly from United States ($406k), Netherlands ($132k), United Kingdom ($21k), Denmark ($18.8k), and Switzerland ($14.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rare-Earth Metal Compounds EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
United States$19.2k (1%)
Germany$9.92k (1%)
Chinese Taipei$3.94k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rare-Earth Metal Compounds BY Iceland WERE (2022 - 2023):Belgium-$14 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iceland's main exporting competitors in Rare-Earth Metal Compounds were:
Burma $1.44B
China $513M
In 2023, Iceland's main importing competitors in Rare-Earth Metal Compounds were:
China $1.98B
Japan $478M

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Trade Value of Rare-Earth Metal Compounds by Exporters

Potential Exports

Potential Exports

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Rare-Earth Metal Compounds’s highest export potential is N/A. With an export gap of N/A.   Rare-Earth Metal Compounds’s highest import potential is N/A with an import gap of N/A.

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