HS Icon Wine in  Flag Iceland

2021
Exports | Imports
: $95.4k | $33.6M, World Rnk 118 / 188
Flag Rnk 334 / 899 | World Rnk 62 / 224
Flag Rnk 41 / 1178

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $13.8k | $2.14M, Germany |  Netherlands

2021
PRODUCT COMPLEXITY IN Wine
: -0.97, Rnk 831 / 1029

Exports In 2021, Iceland exported $95.4k in Wine, making it the 118th largest exporter of Wine in the world. At the same year, Wine was the 334th most exported product in Iceland. The main destination of Wine exports from Iceland are: Denmark ($69.1k), Germany ($13.8k), Grenada ($5.1k), Ireland ($4.83k), and Switzerland ($1.56k).

The fastest growing export markets for Wine of Iceland between 2020 and 2021 were Germany ($13.8k), Grenada ($5.1k), and Ireland ($3.81k).

Imports In 2021, Iceland imported $33.6M in Wine, becoming the 62nd largest importer of Wine in the world. At the same year, Wine was the 41st most imported product in Iceland. Iceland imports Wine primarily from: Italy ($8.13M), Netherlands ($6.42M), France ($6.1M), Spain ($3.43M), and Chile ($1.66M).

The fastest growing import markets in Wine for Iceland between 2020 and 2021 were Netherlands ($2.14M), France ($2M), and Italy ($1.57M).

Tariffs In 2017, the average tariff for Iceland in Wine was 1.27%. The countries with the highest import tariffs for Wine were Angola (Most Favoured Nation duty rate treatment, 1.55%), Burundi (Most Favoured Nation duty rate treatment, 1.55%), Benin (Most Favoured Nation duty rate treatment, 1.55%), Burkina Faso (Most Favoured Nation duty rate treatment, 1.55%), and Botswana (Most Favoured Nation duty rate treatment, 1.55%).

Apr 2023

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 Wine. 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

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EXPORTS (2021): $95.4k

IMPORTS (2021): $33.6M

NET TRADE (2021): -$33.5M

In 2021, Iceland exported $95.4k in Wine. The main destinations of Iceland exports on Wine were Denmark ($69.1k), Germany ($13.8k), Grenada ($5.1k), Ireland ($4.83k), and Switzerland ($1.56k).

In 2021, Iceland imported $33.6M in Wine, mainly from Italy ($8.13M), Netherlands ($6.42M), France ($6.1M), Spain ($3.43M), and Chile ($1.66M).

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THE FASTEST GROWING Wine EXPORT MARKETS FOR Iceland WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wine BY Iceland WERE (2020 - 2021):

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Market Concentration

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In 2021, Iceland's main exporting competitors in Wine were:

In 2021, Iceland's main importing competitors in Wine were:

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