2023
Exports
$1.6MWorld Rnk 96 / 212
Flag Rnk 114 / 943
2023
PRODUCT COMPLEXITY IN Electric Batteries
1.17Rnk 118 / 1025
2023
Imports
$15.9MWorld Rnk 135 / 224
Flag Rnk 107 / 1178

About

Exports In 2023, Iceland exported $1.6M in Electric Batteries, making it the 96th largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 114th most exported product in Iceland. The main destination of Electric Batteries exports from Iceland are: United Kingdom ($401k), Oman ($337k), United States ($293k), Netherlands ($226k), and Australia ($208k).

The fastest growing export markets for Electric Batteries of Iceland between 2022 and 2023 were Oman ($329k), United Kingdom ($285k), and Australia ($208k).

Imports In 2023, Iceland imported $15.9M in Electric Batteries, becoming the 135th largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 107th most imported product in Iceland. Iceland imports Electric Batteries primarily from: China ($3.44M), Germany ($2.55M), Denmark ($1.53M), United States ($1.08M), and Japan ($969k).

The fastest growing import markets in Electric Batteries for Iceland between 2022 and 2023 were Slovakia ($781k), China ($511k), and South Korea ($495k).

Latest Trends

Jan 2025

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 Electric Batteries. 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)$1.6M
IMPORTS (2023)$15.9M
NET TRADE (2023)-$14.3M

In 2023, Iceland exported $1.6M in Electric Batteries. The main destinations of Iceland exports on Electric Batteries were United Kingdom ($401k), Oman ($337k), United States ($293k), Netherlands ($226k), and Australia ($208k).

In 2023, Iceland imported $15.9M in Electric Batteries, mainly from China ($3.44M), Germany ($2.55M), Denmark ($1.53M), United States ($1.08M), and Japan ($969k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Batteries EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
Oman$329k (4.06k%)
United Kingdom$285k (245%)
Australia$208k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Batteries BY Iceland WERE (2022 - 2023):
United States-$293k (-50%)
Germany-$29.7k (-43%)
Denmark-$13.9k (-56.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iceland's main exporting competitors in Electric Batteries were:
In 2023, Iceland's main importing competitors in Electric Batteries were:

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Trade Value of Electric Batteries by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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