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Exports In 2022, Iceland exported $6.01M in Food preparations nes, making it the 93rd largest exporter of Food preparations nes in the world. At the same year, Food preparations nes was the 75th most exported product in Iceland. The main destination of Food preparations nes exports from Iceland are: South Korea ($1.22M), United States ($826k), Germany ($594k), Czechia ($586k), and Lithuania ($385k).

The fastest growing export markets for Food preparations nes of Iceland between 2021 and 2022 were South Korea ($766k), Czechia ($484k), and Lithuania ($263k).

Imports In 2022, Iceland imported $41.2M in Food preparations nes, becoming the 117th largest importer of Food preparations nes in the world. At the same year, Food preparations nes was the 22nd most imported product in Iceland. Iceland imports Food preparations nes primarily from: United States ($7.02M), Denmark ($6.57M), United Kingdom ($5.56M), Sweden ($4.64M), and Ireland ($4.16M).

The fastest growing import markets in Food preparations nes for Iceland between 2021 and 2022 were Denmark ($2.98M), Sweden ($867k), and Netherlands ($641k).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (12) and Barry Callebaut (3) were at the forefront of shipping Food preparations nes 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 Food preparations nes. 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)$6.01M
IMPORTS (2022)$41.2M
NET TRADE (2022)-$35.2M

In 2022, Iceland exported $6.01M in Food preparations nes. The main destinations of Iceland exports on Food preparations nes were South Korea ($1.22M), United States ($826k), Germany ($594k), Czechia ($586k), and Lithuania ($385k).

In 2022, Iceland imported $41.2M in Food preparations nes, mainly from United States ($7.02M), Denmark ($6.57M), United Kingdom ($5.56M), Sweden ($4.64M), and Ireland ($4.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Food preparations nes EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
South Korea$766k (170%)
Czechia$484k (471%)
Lithuania$263k (217%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Food preparations nes BY Iceland WERE (2021 - 2022):
United States-$3.37M (-80.3%)
Russia-$1.03M (-74.2%)
Germany-$626k (-51.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Food preparations nes were:
In 2022, Iceland's main importing competitors in Food preparations nes were:

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Trade Value of Food preparations nes by Exporters

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