2022
Exports
$35.2kWorld Rnk 98 / 182
Flag Rnk 451 / 935
2022
PRODUCT COMPLEXITY IN Electromagnets
1.02Rnk 163 / 1025
2022
Imports
$1MWorld Rnk 103 / 216
Flag Rnk 535 / 1186

About

Exports In 2022, Iceland exported $35.2k in Electromagnets, making it the 98th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 451st most exported product in Iceland. The main destination of Electromagnets exports from Iceland are: Denmark ($25.4k), Sweden ($3.07k), New Zealand ($2.21k), United States ($793), and United Kingdom ($585).

The fastest growing export markets for Electromagnets of Iceland between 2021 and 2022 were Denmark ($22.4k), Sweden ($3.07k), and New Zealand ($2.21k).

Imports In 2022, Iceland imported $1M in Electromagnets, becoming the 103rd largest importer of Electromagnets in the world. At the same year, Electromagnets was the 535th most imported product in Iceland. Iceland imports Electromagnets primarily from: China ($190k), Germany ($168k), United States ($93.4k), Netherlands ($74.5k), and Finland ($64.4k).

The fastest growing import markets in Electromagnets for Iceland between 2021 and 2022 were China ($81.2k), Sweden ($31.8k), and Germany ($26.2k).

Latest Trends

Oct 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 Electromagnets. 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 (2022)$35.2k
IMPORTS (2022)$1M
NET TRADE (2022)-$966k

In 2022, Iceland exported $35.2k in Electromagnets. The main destinations of Iceland exports on Electromagnets were Denmark ($25.4k), Sweden ($3.07k), New Zealand ($2.21k), United States ($793), and United Kingdom ($585).

In 2022, Iceland imported $1M in Electromagnets, mainly from China ($190k), Germany ($168k), United States ($93.4k), Netherlands ($74.5k), and Finland ($64.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Denmark$22.4k (767%)
Sweden$3.07k (1%)
New Zealand$2.21k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Iceland WERE (2021 - 2022):
Russia-$6.01k (-100%)
United States-$4.5k (-85%)
Montenegro-$2.11k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, Iceland's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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