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Exports In 2018, Iceland exported $174k in Coffee, making it the 129th largest exporter of Coffee in the world. At the same year, Coffee was the 290th most exported product in Iceland. The main destination of Coffee exports from Iceland are: Belgium ($92.1k), Switzerland ($39.4k), Denmark ($28k), United Kingdom ($3.24k), and Greenland ($2.76k).

The fastest growing export markets for Coffee of Iceland between 2021 and 2022 were Belgium ($91.9k), Switzerland ($39.4k), and Denmark ($5.95k).

Imports In 2022, Iceland imported $22.6M in Coffee, becoming the 85th largest importer of Coffee in the world. At the same year, Coffee was the 77th most imported product in Iceland. Iceland imports Coffee primarily from: Switzerland ($4.86M), Denmark ($4.39M), Netherlands ($2.52M), Germany ($2.37M), and Sweden ($1.55M).

The fastest growing import markets in Coffee for Iceland between 2021 and 2022 were Germany ($891k), Netherlands ($562k), and Belgium ($312k).

Latest Trends

Oct 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 Coffee. 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 (2022)$174k
IMPORTS (2022)$22.6M
NET TRADE (2022)-$22.4M

In 2022, Iceland exported $174k in Coffee. The main destinations of Iceland exports on Coffee were Belgium ($92.1k), Switzerland ($39.4k), Denmark ($28k), United Kingdom ($3.24k), and Greenland ($2.76k).

In 2022, Iceland imported $22.6M in Coffee, mainly from Switzerland ($4.86M), Denmark ($4.39M), Netherlands ($2.52M), Germany ($2.37M), and Sweden ($1.55M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coffee EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Belgium$91.9k (44.8k%)
Switzerland$39.4k (146k%)
Denmark$5.95k (27%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coffee BY Iceland WERE (2021 - 2022):
Netherlands-$12.7k (-84.8%)
Greenland-$3.83k (-58.1%)
Norway-$2.96k (-95.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Coffee were:
Brazil $8.86B
Vietnam $3.37B
In 2022, Iceland's main importing competitors in Coffee were:

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Trade Value of Coffee by Exporters

Potential Exports

Potential Exports

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

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