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Exports In 2022, Iceland exported $14.2M in Scales, making it the 33rd largest exporter of Scales in the world. At the same year, Scales was the 33rd most exported product in Iceland. The main destination of Scales exports from Iceland are: United States ($2.32M), Denmark ($1.9M), Norway ($1.7M), Netherlands ($1.56M), and United Kingdom ($1.4M).

The fastest growing export markets for Scales of Iceland between 2021 and 2022 were France ($234k), United Kingdom ($166k), and Canada ($90.7k).

Imports In 2022, Iceland imported $2.85M in Scales, becoming the 113th largest importer of Scales in the world. At the same year, Scales was the 357th most imported product in Iceland. Iceland imports Scales primarily from: United Kingdom ($572k), Denmark ($461k), Germany ($360k), United States ($325k), and China ($323k).

The fastest growing import markets in Scales for Iceland between 2021 and 2022 were United Kingdom ($309k), Norway ($184k), and United States ($123k).

Latest Trends

Oct 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 Scales. 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)$14.2M
IMPORTS (2022)$2.85M
NET TRADE (2022)$11.3M

In 2022, Iceland exported $14.2M in Scales. The main destinations of Iceland exports on Scales were United States ($2.32M), Denmark ($1.9M), Norway ($1.7M), Netherlands ($1.56M), and United Kingdom ($1.4M).

In 2022, Iceland imported $2.85M in Scales, mainly from United Kingdom ($572k), Denmark ($461k), Germany ($360k), United States ($325k), and China ($323k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scales EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
France$234k (93.4%)
United Kingdom$166k (13.5%)
Canada$90.7k (15.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scales BY Iceland WERE (2021 - 2022):
Denmark-$2.56M (-57.4%)
Argentina-$1.24M (-96.6%)
Netherlands-$881k (-36%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Scales were:
China $1.91B
Japan $297M
In 2022, Iceland's main importing competitors in Scales were:

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Trade Value of Scales by Exporters

Potential Exports

Potential Exports

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

See methodology.

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