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Exports In 2023, Iceland exported $12.9M in Hard Liquor, making it the 82nd largest exporter of Hard Liquor in the world. At the same year, Hard Liquor was the 39th most exported product in Iceland. The main destination of Hard Liquor exports from Iceland are: United States ($9.06M), United Kingdom ($1.75M), Australia ($381k), Kazakhstan ($307k), and Denmark ($209k).

The fastest growing export markets for Hard Liquor of Iceland between 2022 and 2023 were United States ($693k), United Kingdom ($343k), and Bahamas ($120k).

Imports In 2023, Iceland imported $11.3M in Hard Liquor, becoming the 134th largest importer of Hard Liquor in the world. At the same year, Hard Liquor was the 139th most imported product in Iceland. Iceland imports Hard Liquor primarily from: United Kingdom ($3.35M), Italy ($1.45M), France ($1.39M), United States ($674k), and Germany ($633k).

The fastest growing import markets in Hard Liquor for Iceland between 2022 and 2023 were Germany ($472k), United Kingdom ($173k), and Hungary ($112k).

Latest Trends

Dec 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 Hard Liquor. 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 (2023)$12.9M
IMPORTS (2023)$11.3M
NET TRADE (2023)$1.53M

In 2023, Iceland exported $12.9M in Hard Liquor. The main destinations of Iceland exports on Hard Liquor were United States ($9.06M), United Kingdom ($1.75M), Australia ($381k), Kazakhstan ($307k), and Denmark ($209k).

In 2023, Iceland imported $11.3M in Hard Liquor, mainly from United Kingdom ($3.35M), Italy ($1.45M), France ($1.39M), United States ($674k), and Germany ($633k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hard Liquor EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
United States$693k (8.28%)
United Kingdom$343k (24.5%)
Bahamas$120k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hard Liquor BY Iceland WERE (2022 - 2023):
Kazakhstan-$168k (-35.3%)
Israel-$142k (-100%)
Denmark-$96.9k (-31.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iceland's main exporting competitors in Hard Liquor were:
In 2023, Iceland's main importing competitors in Hard Liquor were:

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Trade Value of Hard Liquor by Exporters

Potential Exports

Potential Exports

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

See methodology.

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