2023
Exports
$1.84MWorld Rnk 109 / 223
Flag Rnk 108 / 943
2023
PRODUCT COMPLEXITY IN Electrical Transformers
0.68Rnk 293 / 1025
2023
Imports
$45.2MWorld Rnk 109 / 225
Flag Rnk 33 / 1178

About

Exports In 2023, Iceland exported $1.84M in Electrical Transformers, making it the 109th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 108th most exported product in Iceland. The main destination of Electrical Transformers exports from Iceland are: Norway ($494k), United Kingdom ($280k), United States ($215k), Switzerland ($204k), and Denmark ($157k).

The fastest growing export markets for Electrical Transformers of Iceland between 2022 and 2023 were Norway ($379k), Switzerland ($197k), and United Kingdom ($114k).

Imports In 2023, Iceland imported $45.2M in Electrical Transformers, becoming the 109th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 33rd most imported product in Iceland. Iceland imports Electrical Transformers primarily from: China ($7.72M), Finland ($7.03M), Turkey ($5.3M), Norway ($4.23M), and Italy ($2.96M).

The fastest growing import markets in Electrical Transformers for Iceland between 2022 and 2023 were Finland ($5.58M), Turkey ($2.99M), and China ($2.76M).

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 Electrical Transformers. 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)$1.84M
IMPORTS (2023)$45.2M
NET TRADE (2023)-$43.3M

In 2023, Iceland exported $1.84M in Electrical Transformers. The main destinations of Iceland exports on Electrical Transformers were Norway ($494k), United Kingdom ($280k), United States ($215k), Switzerland ($204k), and Denmark ($157k).

In 2023, Iceland imported $45.2M in Electrical Transformers, mainly from China ($7.72M), Finland ($7.03M), Turkey ($5.3M), Norway ($4.23M), and Italy ($2.96M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
Norway$379k (329%)
Switzerland$197k (2.75k%)
United Kingdom$114k (68.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Iceland WERE (2022 - 2023):
United States-$126k (-37%)
Uganda-$125k (-100%)
Netherlands-$52k (-49%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iceland's main exporting competitors in Electrical Transformers were:
China $51.9B
Germany $12.8B
Mexico $6.34B
In 2023, Iceland's main importing competitors in Electrical Transformers were:

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Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
N/A
N/AN/A
N/AN/A

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

See methodology.

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