Wine in   Iceland

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%).