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Exports In 2023, Iceland exported $4.42M in Cars, making it the 98th largest exporter of Cars in the world. At the same year, Cars was the 73rd most exported product in Iceland. The main destination of Cars exports from Iceland are: Lithuania ($1.45M), Denmark ($910k), Senegal ($480k), Germany ($379k), and Greenland ($360k).

The fastest growing export markets for Cars of Iceland between 2022 and 2023 were Denmark ($801k), Lithuania ($797k), and Greenland ($327k).

Imports In 2023, Iceland imported $774M in Cars, becoming the 84th largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in Iceland. Iceland imports Cars primarily from: United States ($152M), Germany ($124M), Japan ($110M), South Korea ($56.3M), and Netherlands ($44.7M).

The fastest growing import markets in Cars for Iceland between 2022 and 2023 were United States ($48.6M), Japan ($15.5M), and Netherlands ($12.3M).

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 Cars. 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)$4.42M
IMPORTS (2023)$774M
NET TRADE (2023)-$769M

In 2023, Iceland exported $4.42M in Cars. The main destinations of Iceland exports on Cars were Lithuania ($1.45M), Denmark ($910k), Senegal ($480k), Germany ($379k), and Greenland ($360k).

In 2023, Iceland imported $774M in Cars, mainly from United States ($152M), Germany ($124M), Japan ($110M), South Korea ($56.3M), and Netherlands ($44.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
Denmark$801k (737%)
Lithuania$797k (121%)
Greenland$327k (972%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Iceland WERE (2022 - 2023):
Senegal-$1.08M (-69.1%)
Netherlands-$276k (-85.3%)
Switzerland-$167k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iceland's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Iceland's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

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

See methodology.

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