2022
Exports
$195kWorld Rnk 94 / 152
Flag Rnk 280 / 935
2022
PRODUCT COMPLEXITY IN Fermented Milk Products
-0.22Rnk 622 / 1025
2022
Imports
$589kWorld Rnk 149 / 219
Flag Rnk 631 / 1186

About

Exports In 2022, Iceland exported $195k in Fermented Milk Products, making it the 94th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 280th most exported product in Iceland. The main destination of Fermented Milk Products exports from Iceland are: Luxembourg ($101k), Greenland ($47.3k), Denmark ($34.9k), Netherlands ($11.6k), and United States ($210).

The fastest growing export markets for Fermented Milk Products of Iceland between 2021 and 2022 were Luxembourg ($41.8k), United States ($131), and United Kingdom ($35).

Imports In 2022, Iceland imported $589k in Fermented Milk Products, becoming the 149th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 631st most imported product in Iceland. Iceland imports Fermented Milk Products primarily from: Poland ($187k), Denmark ($156k), Spain ($112k), Greece ($51.8k), and United Kingdom ($24k).

The fastest growing import markets in Fermented Milk Products for Iceland between 2021 and 2022 were Denmark ($49.8k), France ($19k), and Germany ($10.9k).

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 Fermented Milk Products. 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)$195k
IMPORTS (2022)$589k
NET TRADE (2022)-$394k

In 2022, Iceland exported $195k in Fermented Milk Products. The main destinations of Iceland exports on Fermented Milk Products were Luxembourg ($101k), Greenland ($47.3k), Denmark ($34.9k), Netherlands ($11.6k), and United States ($210).

In 2022, Iceland imported $589k in Fermented Milk Products, mainly from Poland ($187k), Denmark ($156k), Spain ($112k), Greece ($51.8k), and United Kingdom ($24k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Luxembourg$41.8k (70.7%)
United States$131 (166%)
United Kingdom$35 (700%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY Iceland WERE (2021 - 2022):
Netherlands-$23.7k (-67.2%)
Greenland-$11.5k (-19.5%)
Denmark-$7.91k (-18.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Fermented Milk Products were:
In 2022, Iceland's main importing competitors in Fermented Milk Products were:

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

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

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

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