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Exports In 2023, Iceland exported $877k in Bananas, making it the 82nd largest exporter of Bananas in the world. At the same year, Bananas was the 153rd most exported product in Iceland. The main destination of Bananas exports from Iceland are: Greenland ($876k), United States ($641), and Switzerland ($372).

The fastest growing export markets for Bananas of Iceland between 2022 and 2023 were Greenland ($124k), United States ($641), and Switzerland ($372).

Imports In 2023, Iceland imported $7.99M in Bananas, becoming the 81st largest importer of Bananas in the world. At the same year, Bananas was the 186th most imported product in Iceland. Iceland imports Bananas primarily from: Ecuador ($7.65M), Costa Rica ($170k), Colombia ($139k), Thailand ($8k), and Uganda ($6.47k).

The fastest growing import markets in Bananas for Iceland between 2022 and 2023 were Ecuador ($1.86M), Thailand ($6.58k), and Uganda ($3.5k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
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 Bananas. 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

Trade Balance

Color
EXPORTS (2023)$877k
IMPORTS (2023)$7.99M
NET TRADE (2023)-$7.11M

In 2023, Iceland exported $877k in Bananas. The main destinations of Iceland exports on Bananas were Greenland ($876k), United States ($641), and Switzerland ($372).

In 2023, Iceland imported $7.99M in Bananas, mainly from Ecuador ($7.65M), Costa Rica ($170k), Colombia ($139k), Thailand ($8k), and Uganda ($6.47k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
Greenland$124k (16.5%)
United States$641 (1%)
Switzerland$372 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY Iceland WERE (2022 - 2023):Maldives-$87 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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In 2023, Iceland's main exporting competitors in Bananas were:
In 2023, Iceland's main importing competitors in Bananas were:

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Trade Value of Bananas by Exporters

Potential Exports

Potential Exports

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Bananas’s highest export potential is N/A. With an export gap of N/A.   Bananas’s highest import potential is N/A with an import gap of N/A.

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