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Exports In 2022, Iceland exported $4.66M in Yarn of wool or fine hair, >85% such fibres, retail, making it the 12th largest exporter of Yarn of wool or fine hair, >85% such fibres, retail in the world. At the same year, Yarn of wool or fine hair, >85% such fibres, retail was the 84th most exported product in Iceland. The main destination of Yarn of wool or fine hair, >85% such fibres, retail exports from Iceland are: Sweden ($1.26M), Netherlands ($774k), Finland ($722k), Germany ($673k), and United States ($385k).

The fastest growing export markets for Yarn of wool or fine hair, >85% such fibres, retail of Iceland between 2021 and 2022 were Germany ($266k), Netherlands ($222k), and United States ($205k).

Imports In 2022, Iceland imported $1.36M in Yarn of wool or fine hair, >85% such fibres, retail, becoming the 26th largest importer of Yarn of wool or fine hair, >85% such fibres, retail in the world. At the same year, Yarn of wool or fine hair, >85% such fibres, retail was the 789th most imported product in Iceland. Iceland imports Yarn of wool or fine hair, >85% such fibres, retail primarily from: Norway ($561k), Denmark ($189k), United Kingdom ($133k), Turkey ($127k), and Peru ($93.7k).

The fastest growing import markets in Yarn of wool or fine hair, >85% such fibres, retail for Iceland between 2021 and 2022 were Turkey ($103k), China ($74k), and Denmark ($40.2k).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (12) and Barry Callebaut (3) were at the forefront of shipping Yarn of wool or fine hair, >85% such fibres, retail from Iceland to the United States.

Historical Data

Trade Balance

Color
EXPORTS (2022)$4.66M
IMPORTS (2022)$1.36M
NET TRADE (2022)$3.3M

In 2022, Iceland exported $4.66M in Yarn of wool or fine hair, >85% such fibres, retail. The main destinations of Iceland exports on Yarn of wool or fine hair, >85% such fibres, retail were Sweden ($1.26M), Netherlands ($774k), Finland ($722k), Germany ($673k), and United States ($385k).

In 2022, Iceland imported $1.36M in Yarn of wool or fine hair, >85% such fibres, retail, mainly from Norway ($561k), Denmark ($189k), United Kingdom ($133k), Turkey ($127k), and Peru ($93.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Yarn of wool or fine hair, >85% such fibres, retail EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Germany$266k (65.6%)
Netherlands$222k (40.2%)
United States$205k (113%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Yarn of wool or fine hair, >85% such fibres, retail BY Iceland WERE (2021 - 2022):
Finland-$216k (-23.1%)
Georgia-$93.1k (-100%)
Russia-$72.2k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Yarn of wool or fine hair, >85% such fibres, retail were:
Peru $30.1M
Norway $18.4M
In 2022, Iceland's main importing competitors in Yarn of wool or fine hair, >85% such fibres, retail were:

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Trade Value of Yarn of wool or fine hair, >85% such fibres, retail by Exporters

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