2022
Exports
$818kWorld Rnk 86 / 186
Flag Rnk 143 / 935
2022
PRODUCT COMPLEXITY IN Combustion Engines
1.13Rnk 126 / 1025
2022
Imports
$4.63MWorld Rnk 124 / 220
Flag Rnk 261 / 1186

About

Exports In 2022, Iceland exported $818k in Combustion Engines, making it the 86th largest exporter of Combustion Engines in the world. At the same year, Combustion Engines was the 143rd most exported product in Iceland. The main destination of Combustion Engines exports from Iceland are: Denmark ($743k), Austria ($31.5k), Australia ($24.2k), Sweden ($9.79k), and United Kingdom ($7.69k).

The fastest growing export markets for Combustion Engines of Iceland between 2021 and 2022 were Denmark ($476k), Austria ($31.5k), and Australia ($24.2k).

Imports In 2022, Iceland imported $4.63M in Combustion Engines, becoming the 124th largest importer of Combustion Engines in the world. At the same year, Combustion Engines was the 261st most imported product in Iceland. Iceland imports Combustion Engines primarily from: United Kingdom ($883k), Sweden ($732k), Netherlands ($683k), Germany ($657k), and Italy ($305k).

The fastest growing import markets in Combustion Engines for Iceland between 2021 and 2022 were Sweden ($387k), United Kingdom ($278k), and Japan ($175k).

Latest Trends

Jul 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 Combustion Engines. 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)$818k
IMPORTS (2022)$4.63M
NET TRADE (2022)-$3.81M

In 2022, Iceland exported $818k in Combustion Engines. The main destinations of Iceland exports on Combustion Engines were Denmark ($743k), Austria ($31.5k), Australia ($24.2k), Sweden ($9.79k), and United Kingdom ($7.69k).

In 2022, Iceland imported $4.63M in Combustion Engines, mainly from United Kingdom ($883k), Sweden ($732k), Netherlands ($683k), Germany ($657k), and Italy ($305k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Combustion Engines EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Denmark$476k (178%)
Austria$31.5k (1%)
Australia$24.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Combustion Engines BY Iceland WERE (2021 - 2022):
United Kingdom-$58.9k (-88.5%)
Netherlands-$43.5k (-98.5%)
Germany-$17.6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Combustion Engines were:
In 2022, Iceland's main importing competitors in Combustion Engines were:

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Trade Value of Combustion Engines by Exporters

Potential Exports

Potential Exports

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

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