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Exports In 2022, Iceland exported $2.2B in Raw Aluminium, making it the 10th largest exporter of Raw Aluminium in the world. At the same year, Raw Aluminium was the 1st most exported product in Iceland. The main destination of Raw Aluminium exports from Iceland are: Netherlands ($1.13B), Poland ($246M), Germany ($229M), United Kingdom ($128M), and France ($126M).

The fastest growing export markets for Raw Aluminium of Iceland between 2021 and 2022 were Poland ($83.8M), France ($21M), and Australia ($15.6M).

Imports In 2022, Iceland imported $33.4M in Raw Aluminium, becoming the 69th largest importer of Raw Aluminium in the world. At the same year, Raw Aluminium was the 43rd most imported product in Iceland. Iceland imports Raw Aluminium primarily from: Russia ($9.82M), Canada ($7.78M), Switzerland ($6.11M), United Kingdom ($3.1M), and Netherlands ($2.31M).

The fastest growing import markets in Raw Aluminium for Iceland between 2021 and 2022 were Switzerland ($5.18M), United Kingdom ($3.04M), and Spain ($1.89M).

Latest Trends

Apr 2024

Subnational Monthly Trade

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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 Raw Aluminium. 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

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EXPORTS (2022)$2.2B
IMPORTS (2022)$33.4M
NET TRADE (2022)$2.17B

In 2022, Iceland exported $2.2B in Raw Aluminium. The main destinations of Iceland exports on Raw Aluminium were Netherlands ($1.13B), Poland ($246M), Germany ($229M), United Kingdom ($128M), and France ($126M).

In 2022, Iceland imported $33.4M in Raw Aluminium, mainly from Russia ($9.82M), Canada ($7.78M), Switzerland ($6.11M), United Kingdom ($3.1M), and Netherlands ($2.31M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Aluminium EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Poland$83.8M (51.6%)
France$21M (20.1%)
Australia$15.6M (93.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Aluminium BY Iceland WERE (2021 - 2022):
Spain-$285M (-77.6%)
Germany-$144M (-38.6%)
Austria-$73.9M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, Iceland's main exporting competitors in Raw Aluminium were:
Canada $9.37B
India $8.44B
Russia $8.16B
In 2022, Iceland's main importing competitors in Raw Aluminium were:

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Trade Value of Raw Aluminium by Exporters

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