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Exports In 2023, Iceland exported $2.25B 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 ($1.17B), Germany ($439M), Poland ($155M), France ($86.2M), and Spain ($79.8M).

The fastest growing export markets for Raw Aluminium of Iceland between 2022 and 2023 were Spain ($43.5M), Netherlands ($29.8M), and Switzerland ($6.76M).

Imports In 2023, Iceland imported $7.85M in Raw Aluminium, becoming the 88th largest importer of Raw Aluminium in the world. At the same year, Raw Aluminium was the 190th most imported product in Iceland. Iceland imports Raw Aluminium primarily from: Canada ($3.87M), Spain ($1.22M), Netherlands ($852k), Bahrain ($594k), and China ($542k).

The fastest growing import markets in Raw Aluminium for Iceland between 2022 and 2023 were Hong Kong ($93.4k), Germany ($85.5k), and Bahrain ($57k).

Latest Trends

Dec 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

Color
EXPORTS (2023)$2.25B
IMPORTS (2023)$7.85M
NET TRADE (2023)$2.25B

In 2023, Iceland exported $2.25B in Raw Aluminium. The main destinations of Iceland exports on Raw Aluminium were Netherlands ($1.17B), Germany ($439M), Poland ($155M), France ($86.2M), and Spain ($79.8M).

In 2023, Iceland imported $7.85M in Raw Aluminium, mainly from Canada ($3.87M), Spain ($1.22M), Netherlands ($852k), Bahrain ($594k), and China ($542k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Aluminium EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
Spain$43.5M (120%)
Netherlands$29.8M (2.62%)
Switzerland$6.76M (71.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Aluminium BY Iceland WERE (2022 - 2023):
Poland-$94.5M (-37.9%)
Germany-$75.2M (-14.6%)
Czechia-$54.6M (-47.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, Iceland's main exporting competitors in Raw Aluminium were:
In 2023, Iceland's main importing competitors in Raw Aluminium were:

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Trade Value of Raw Aluminium by Exporters

Potential Exports

Potential Exports

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Raw Aluminium’s highest export potential is N/A. With an export gap of N/A.   Raw Aluminium’s highest import potential is N/A with an import gap of N/A.

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