2023
Exports
$94World Rnk 135 / 150
Flag Rnk 883 / 943
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$18kWorld Rnk 118 / 159
Flag Rnk 1025 / 1178

About

Exports In 2023, Iceland exported $94 in Crude Petroleum, making it the 135th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 883rd most exported product in Iceland. The main destination of Crude Petroleum exports from Iceland are: Sweden ($94).

The fastest growing export markets for Crude Petroleum of Iceland between 2022 and 2023 were Sweden ($94).

Imports In 2023, Iceland imported $18k in Crude Petroleum, becoming the 118th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1025th most imported product in Iceland. Iceland imports Crude Petroleum primarily from: United Kingdom ($17.6k), Poland ($171), Sweden ($87), Germany ($72), and France ($36).

The fastest growing import markets in Crude Petroleum for Iceland between 2022 and 2023 were United Kingdom ($17.6k), Poland ($171), and France ($36).

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 Crude Petroleum. 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)$94
IMPORTS (2023)$18k
NET TRADE (2023)-$17.9k

In 2023, Iceland exported $94 in Crude Petroleum. The main destinations of Iceland exports on Crude Petroleum were Sweden ($94).

In 2023, Iceland imported $18k in Crude Petroleum, mainly from United Kingdom ($17.6k), Poland ($171), Sweden ($87), Germany ($72), and France ($36).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Iceland WERE (2022 - 2023):Sweden$94 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Iceland WERE (2022 - 2023):Netherlands-$36 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iceland's main exporting competitors in Crude Petroleum were:
In 2023, Iceland's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

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

See methodology.

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