China / Iceland

Overview In October 2024, China exported $20.6M and imported $17M from Iceland, resulting in a positive trade balance of $3.62M. Between October 2023 and October 2024 the exports of China have decreased by $-450k (-2.14%) from $21.1M to $20.6M, while imports decreased by $-2.62M (-13.4%) from $19.6M to $17M.

Trade In October 2024, the top exports of China to Iceland were Carbon-based Electronics ($11.6M), Industrial Food Preperation Machinery ($1.16M), Aluminium Foil ($1.05M), Iron Wire ($900k), and Rubber Tires ($610k). In October 2024 the top imports of China from Iceland were Non-fillet Frozen Fish ($4.09M), Non-fillet Fresh Fish ($1.52M), Aluminium Foil ($1.12M), Aquatic invertebrates, other than crustaceans and... ($847k), and Fish Oil ($656k).

Origins In October 2024 the exports of China were mainly from Shandong Province ($7.21M), Guangdong Province ($6.08M), Jiangsu Province ($1.92M), Zhejiang Province ($1.3M), and Shanghai Province ($1.16M), while imports destinations were mainly Shandong Province ($8.02M), Shanghai Province ($3.6M), Fujian Province ($1.73M), Sichuan Province ($1.27M), and Beijing ($922k).

Growth In October 2024, the decrease in China's year-by-year exports to Iceland was explained primarily by an decrease in product exports in Cars ($-2.12M or -81.9%), Motorcycles and cycles ($-486k or -75.2%), and Laboratory Reagents ($-409k or -92.6%). In October 2024, the decrease in China's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in Non-fillet Frozen Fish ($-2.51M or -38%), Aluminium Foil ($-348k or -23.7%), and Soap ($-31.4k or -99.9%).