2023
Exports
$159kWorld Rnk 106 / 197
Flag Rnk 321 / 943
2023
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.73Rnk 19 / 1025
2023
Imports
$2.94MWorld Rnk 113 / 224
Flag Rnk 357 / 1178

About

Exports In 2023, Iceland exported $159k in Electric Soldering Equipment, making it the 106th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 321st most exported product in Iceland. The main destination of Electric Soldering Equipment exports from Iceland are: Finland ($34.8k), Denmark ($34.4k), Germany ($27.8k), Austria ($15.1k), and Israel ($14k).

The fastest growing export markets for Electric Soldering Equipment of Iceland between 2022 and 2023 were Finland ($34.8k), Denmark ($15.2k), and Austria ($14.6k).

Imports In 2023, Iceland imported $2.94M in Electric Soldering Equipment, becoming the 113th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 357th most imported product in Iceland. Iceland imports Electric Soldering Equipment primarily from: Germany ($531k), Finland ($401k), Austria ($385k), China ($361k), and Denmark ($292k).

The fastest growing import markets in Electric Soldering Equipment for Iceland between 2022 and 2023 were Germany ($200k), Finland ($177k), and Denmark ($138k).

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 Electric Soldering Equipment. 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)$159k
IMPORTS (2023)$2.94M
NET TRADE (2023)-$2.78M

In 2023, Iceland exported $159k in Electric Soldering Equipment. The main destinations of Iceland exports on Electric Soldering Equipment were Finland ($34.8k), Denmark ($34.4k), Germany ($27.8k), Austria ($15.1k), and Israel ($14k).

In 2023, Iceland imported $2.94M in Electric Soldering Equipment, mainly from Germany ($531k), Finland ($401k), Austria ($385k), China ($361k), and Denmark ($292k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
Finland$34.8k (1%)
Denmark$15.2k (79.5%)
Austria$14.6k (3.15k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Iceland WERE (2022 - 2023):
United Kingdom-$130k (-99.6%)
Norway-$89k (-87.4%)
Canada-$4.06k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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