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Exports In 2022, Iceland exported $2.35B in Fish, crustaceans, & molluscs, making it the 15th largest exporter of Fish, crustaceans, & molluscs in the world. At the same year, Fish, crustaceans, & molluscs was the 2nd most exported product in Iceland. The main destination of Fish, crustaceans, & molluscs exports from Iceland are: United States ($340M), France ($307M), United Kingdom ($287M), Netherlands ($209M), and Spain ($184M).

The fastest growing export markets for Fish, crustaceans, & molluscs of Iceland between 2021 and 2022 were United States ($64.2M), Netherlands ($50.7M), and China ($26.7M).

Imports In 2022, Iceland imported $129M in Fish, crustaceans, & molluscs, becoming the 73rd largest importer of Fish, crustaceans, & molluscs in the world. At the same year, Fish, crustaceans, & molluscs was the 15th most imported product in Iceland. Iceland imports Fish, crustaceans, & molluscs primarily from: Norway ($33.7M), Germany ($15.6M), Canada ($14.3M), Greenland ($13.8M), and Denmark ($12.8M).

The fastest growing import markets in Fish, crustaceans, & molluscs for Iceland between 2021 and 2022 were Greenland ($11.2M), Denmark ($6.64M), and Lithuania ($3.31M).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (10) and Barry Callebaut (1) were at the forefront of shipping Fish, crustaceans, & molluscs from Iceland to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 Fish, crustaceans, & molluscs. 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)$2.35B
IMPORTS (2022)$129M
NET TRADE (2022)$2.23B

In 2022, Iceland exported $2.35B in Fish, crustaceans, & molluscs. The main destinations of Iceland exports on Fish, crustaceans, & molluscs were United States ($340M), France ($307M), United Kingdom ($287M), Netherlands ($209M), and Spain ($184M).

In 2022, Iceland imported $129M in Fish, crustaceans, & molluscs, mainly from Norway ($33.7M), Germany ($15.6M), Canada ($14.3M), Greenland ($13.8M), and Denmark ($12.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fish, crustaceans, & molluscs EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
United States$64.2M (23.3%)
Netherlands$50.7M (31.9%)
China$26.7M (27.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish, crustaceans, & molluscs BY Iceland WERE (2021 - 2022):
Ukraine-$30.4M (-62.6%)
United Kingdom-$19.3M (-6.29%)
Belarus-$17.6M (-55.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Iceland's main exporting competitors in Fish, crustaceans, & molluscs were:
Norway $15.6B
China $10.9B
Ecuador $8.43B
In 2022, Iceland's main importing competitors in Fish, crustaceans, & molluscs were:

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Trade Value of Fish, crustaceans, & molluscs by Exporters

Potential Exports

Potential Exports

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Fish, crustaceans, & molluscs’s highest export potential is N/A. With an export gap of N/A.   Fish, crustaceans, & molluscs’s highest import potential is N/A with an import gap of N/A.

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