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Exports In 2022, Iceland exported $1.82M in Crustaceans, making it the 97th largest exporter of Crustaceans in the world. At the same year, Crustaceans was the 99th most exported product in Iceland. The main destination of Crustaceans exports from Iceland are: United States ($337k), United Kingdom ($318k), Sweden ($215k), China ($207k), and Canada ($190k).

The fastest growing export markets for Crustaceans of Iceland between 2021 and 2022 were United Kingdom ($262k), United States ($98.5k), and Norway ($34.8k).

Imports In 2022, Iceland imported $73.8M in Crustaceans, becoming the 33rd largest importer of Crustaceans in the world. At the same year, Crustaceans was the 15th most imported product in Iceland. Iceland imports Crustaceans primarily from: Norway ($25.4M), Canada ($13.5M), Estonia ($10.3M), Lithuania ($8.28M), and Denmark ($6.97M).

The fastest growing import markets in Crustaceans for Iceland between 2021 and 2022 were Norway ($16.3M), Lithuania ($3.28M), and Greenland ($3.25M).

Latest Trends

Sep 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 Crustaceans. 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

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EXPORTS (2022)$1.82M
IMPORTS (2022)$73.8M
NET TRADE (2022)-$72M

In 2022, Iceland exported $1.82M in Crustaceans. The main destinations of Iceland exports on Crustaceans were United States ($337k), United Kingdom ($318k), Sweden ($215k), China ($207k), and Canada ($190k).

In 2022, Iceland imported $73.8M in Crustaceans, mainly from Norway ($25.4M), Canada ($13.5M), Estonia ($10.3M), Lithuania ($8.28M), and Denmark ($6.97M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crustaceans EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
United Kingdom$262k (468%)
United States$98.5k (41.3%)
Norway$34.8k (29.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crustaceans BY Iceland WERE (2021 - 2022):
France-$1.67M (-95.8%)
Netherlands-$1.51M (-97.2%)
China-$592k (-74.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Iceland's main exporting competitors in Crustaceans were:
Ecuador $7.98B
India $5.12B
Canada $3.51B
In 2022, Iceland's main importing competitors in Crustaceans were:

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Trade Value of Crustaceans by Exporters

Potential Exports

Potential Exports

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

See methodology.

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