China / Iceland

Overview In September 2024, China exported $23M and imported $12.2M from Iceland, resulting in a positive trade balance of $10.8M. Between September 2023 and September 2024 the exports of China have increased by $7.42M (47.8%) from $15.5M to $23M, while imports decreased by $-5M (-29.1%) from $17.2M to $12.2M.

Trade In September 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 September 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 September 2024 the exports of China were mainly from Guangdong Province ($6.27M), Jiangsu Province ($4.94M), Shandong Province ($4.79M), Zhejiang Province ($2.24M), and Shanxi Province ($1.09M), while imports destinations were mainly Shandong Province ($4.13M), Shanghai Province ($2.15M), Sichuan Province ($1.17M), Fujian Province ($1.13M), and Guangdong Province ($1.12M).

Growth In September 2024, the increase in China's year-by-year exports to Iceland was explained primarily by an increase in product exports in Carbon-based Electronics ($8.38M or 258%), Industrial Food Preperation Machinery ($1.11M or 2.07k%), and Iron Wire ($861k or 2.18k%). In September 2024, the decrease in China's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in Non-fillet Frozen Fish ($-2.51M or -38%), Aluminium Foil ($-348k or -23.7%), and Soap ($-31.4k or -99.9%).