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Exports In 2022, Iceland exported $837k in Insulated Wire, making it the 125th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 142nd most exported product in Iceland. The main destination of Insulated Wire exports from Iceland are: United Kingdom ($154k), India ($146k), United States ($140k), Denmark ($98.7k), and South Korea ($62.2k).

The fastest growing export markets for Insulated Wire of Iceland between 2021 and 2022 were India ($146k), United Kingdom ($124k), and United States ($79.8k).

Imports In 2022, Iceland imported $46M in Insulated Wire, becoming the 122nd largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 26th most imported product in Iceland. Iceland imports Insulated Wire primarily from: Sweden ($11.3M), Germany ($4.89M), China ($4.29M), Spain ($4.06M), and Netherlands ($3.42M).

The fastest growing import markets in Insulated Wire for Iceland between 2021 and 2022 were Sweden ($1.77M), Finland ($1.65M), and France ($1.44M).

Latest Trends

Oct 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 Insulated Wire. 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)$837k
IMPORTS (2022)$46M
NET TRADE (2022)-$45.2M

In 2022, Iceland exported $837k in Insulated Wire. The main destinations of Iceland exports on Insulated Wire were United Kingdom ($154k), India ($146k), United States ($140k), Denmark ($98.7k), and South Korea ($62.2k).

In 2022, Iceland imported $46M in Insulated Wire, mainly from Sweden ($11.3M), Germany ($4.89M), China ($4.29M), Spain ($4.06M), and Netherlands ($3.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
India$146k (1%)
United Kingdom$124k (412%)
United States$79.8k (132%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Iceland WERE (2021 - 2022):
Denmark-$86.3k (-46.6%)
Guyana-$64.9k (-100%)
Netherlands-$38.6k (-60.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Insulated Wire were:
In 2022, Iceland's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

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

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