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Exports In 2022, Iceland exported $1.94M in Harvesting Machinery, making it the 63rd largest exporter of Harvesting Machinery in the world. At the same year, Harvesting Machinery was the 97th most exported product in Iceland. The main destination of Harvesting Machinery exports from Iceland are: Australia ($1.79M), United Kingdom ($63.2k), Czechia ($29.4k), China ($17.9k), and Canada ($11.9k).

The fastest growing export markets for Harvesting Machinery of Iceland between 2021 and 2022 were United Kingdom ($63.2k), China ($17.9k), and Canada ($9.77k).

Imports In 2022, Iceland imported $11.1M in Harvesting Machinery, becoming the 87th largest importer of Harvesting Machinery in the world. At the same year, Harvesting Machinery was the 135th most imported product in Iceland. Iceland imports Harvesting Machinery primarily from: France ($1.85M), Netherlands ($1.41M), Germany ($1.35M), Denmark ($1.25M), and Austria ($959k).

The fastest growing import markets in Harvesting Machinery for Iceland between 2021 and 2022 were Netherlands ($450k), Austria ($374k), and Denmark ($319k).

Latest Trends

Sep 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 Harvesting Machinery. 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)$1.94M
IMPORTS (2022)$11.1M
NET TRADE (2022)-$9.13M

In 2022, Iceland exported $1.94M in Harvesting Machinery. The main destinations of Iceland exports on Harvesting Machinery were Australia ($1.79M), United Kingdom ($63.2k), Czechia ($29.4k), China ($17.9k), and Canada ($11.9k).

In 2022, Iceland imported $11.1M in Harvesting Machinery, mainly from France ($1.85M), Netherlands ($1.41M), Germany ($1.35M), Denmark ($1.25M), and Austria ($959k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Harvesting Machinery EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
United Kingdom$63.2k (1%)
China$17.9k (1%)
Canada$9.77k (450%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Harvesting Machinery BY Iceland WERE (2021 - 2022):
Australia-$1.33M (-42.7%)
Norway-$15.3k (-98%)
Denmark-$7.28k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Iceland's main exporting competitors in Harvesting Machinery were:
In 2022, Iceland's main importing competitors in Harvesting Machinery were:

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Trade Value of Harvesting Machinery by Exporters

Potential Exports

Potential Exports

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

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