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2022
Exports $738kWorld Rnk 103 / 196
Flag Rnk 151 / 935
2022
Destination $52.8k Germany
2021 - 2022
FASTEST GROWING MARKET $52.8kChina
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $1.68MWorld Rnk 89 / 214
Flag Rnk 452 / 1186
2022
Origin $816k Chile
2021 - 2022
FASTEST GROWING ORIGIN $816kChile

About

Exports In 2022, Iceland exported $738k in Essential Oils, making it the 103rd largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 151st most exported product in Iceland. The main destination of Essential Oils exports from Iceland are: Germany ($565k), United States ($71.9k), China ($52.8k), Malaysia ($17.7k), and Chinese Taipei ($15.4k).

The fastest growing export markets for Essential Oils of Iceland between 2021 and 2022 were China ($52.8k), Malaysia ($17.7k), and Sweden ($1.11k).

Imports In 2022, Iceland imported $1.68M in Essential Oils, becoming the 89th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 452nd most imported product in Iceland. Iceland imports Essential Oils primarily from: Chile ($816k), United States ($378k), United Kingdom ($105k), Croatia ($101k), and Netherlands ($85.6k).

The fastest growing import markets in Essential Oils for Iceland between 2021 and 2022 were Chile ($816k), Croatia ($96.9k), and United States ($33.3k).

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 Essential Oils. 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)$738k
IMPORTS (2022)$1.68M
NET TRADE (2022)-$940k

In 2022, Iceland exported $738k in Essential Oils. The main destinations of Iceland exports on Essential Oils were Germany ($565k), United States ($71.9k), China ($52.8k), Malaysia ($17.7k), and Chinese Taipei ($15.4k).

In 2022, Iceland imported $1.68M in Essential Oils, mainly from Chile ($816k), United States ($378k), United Kingdom ($105k), Croatia ($101k), and Netherlands ($85.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
China$52.8k (377k%)
Malaysia$17.7k (1%)
Sweden$1.11k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Iceland WERE (2021 - 2022):
Germany-$951k (-62.7%)
United States-$312k (-81.3%)
Chinese Taipei-$35.8k (-69.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Essential Oils were:
India $879M
United States $693M
Brazil $425M
In 2022, Iceland's main importing competitors in Essential Oils were:
United States $1.25B
France $440M
Germany $357M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

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N/A
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N/AN/A

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

See methodology.

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