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Exports In 2023, Iceland exported $868 in Hot-Rolled Iron, making it the 143rd largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 785th most exported product in Iceland. The main destination of Hot-Rolled Iron exports from Iceland are: Netherlands ($842) and Denmark ($26).

The fastest growing export markets for Hot-Rolled Iron of Iceland between 2022 and 2023 were Netherlands ($842).

Imports In 2023, Iceland imported $4.22M in Hot-Rolled Iron, becoming the 144th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 295th most imported product in Iceland. Iceland imports Hot-Rolled Iron primarily from: Germany ($1.14M), Netherlands ($1.04M), Norway ($936k), Denmark ($680k), and Latvia ($96.1k).

The fastest growing import markets in Hot-Rolled Iron for Iceland between 2022 and 2023 were Denmark ($207k), Netherlands ($128k), and Latvia ($96.1k).

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 Hot-Rolled Iron. 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)$868
IMPORTS (2023)$4.22M
NET TRADE (2023)-$4.22M

In 2023, Iceland exported $868 in Hot-Rolled Iron. The main destinations of Iceland exports on Hot-Rolled Iron were Netherlands ($842) and Denmark ($26).

In 2023, Iceland imported $4.22M in Hot-Rolled Iron, mainly from Germany ($1.14M), Netherlands ($1.04M), Norway ($936k), Denmark ($680k), and Latvia ($96.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR Iceland WERE (2022 - 2023):Netherlands$842 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY Iceland WERE (2022 - 2023):
Greenland-$534 (-100%)
Denmark-$146 (-84.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, Iceland's main exporting competitors in Hot-Rolled Iron were:
China $16.4B
Japan $10.4B
In 2023, Iceland's main importing competitors in Hot-Rolled Iron were:

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

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Hot-Rolled Iron’s highest export potential is N/A. With an export gap of N/A.   Hot-Rolled Iron’s highest import potential is N/A with an import gap of N/A.

See methodology.

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