Compasses in Iceland | The Observatory of Economic Complexity

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Exports In 2023, Iceland exported $7.18M in Compasses, making it the 44th largest exporter of Compasses in the world. At the same year, Compasses was the 55th most exported product in Iceland. The main destination of Compasses exports from Iceland are: Netherlands ($2.25M), Denmark ($1.76M), South Korea ($846k), Turkey ($508k), and United Kingdom ($413k).

The fastest growing export markets for Compasses of Iceland between 2022 and 2023 were Denmark ($1.26M), South Korea ($744k), and Netherlands ($707k).

Imports In 2023, Iceland imported $5.09M in Compasses, becoming the 72nd largest importer of Compasses in the world. At the same year, Compasses was the 256th most imported product in Iceland. Iceland imports Compasses primarily from: France ($1.37M), United States ($1.23M), Norway ($1.19M), Netherlands ($220k), and Germany ($198k).

The fastest growing import markets in Compasses for Iceland between 2022 and 2023 were France ($507k), Norway ($236k), and Netherlands ($66.5k).

Jan 2025

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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 Compasses. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Trade Value

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Year

EXPORTS (2023)$7.18M

IMPORTS (2023)$5.09M

NET TRADE (2023)$2.08M

In 2023, Iceland exported $7.18M in Compasses. The main destinations of Iceland exports on Compasses were Netherlands ($2.25M), Denmark ($1.76M), South Korea ($846k), Turkey ($508k), and United Kingdom ($413k).

In 2023, Iceland imported $5.09M in Compasses, mainly from France ($1.37M), United States ($1.23M), Norway ($1.19M), Netherlands ($220k), and Germany ($198k).