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Exports In 2023, Iceland exported $3.04M in Integrated Circuits, making it the 86th largest exporter of Integrated Circuits in the world. At the same year, Integrated Circuits was the 87th most exported product in Iceland. The main destination of Integrated Circuits exports from Iceland are: United States ($1.7M), Netherlands ($346k), Tunisia ($323k), Belgium ($221k), and Denmark ($92.8k).

The fastest growing export markets for Integrated Circuits of Iceland between 2022 and 2023 were United States ($1.6M), Belgium ($219k), and Netherlands ($107k).

Imports In 2023, Iceland imported $5.58M in Integrated Circuits, becoming the 129th largest importer of Integrated Circuits in the world. At the same year, Integrated Circuits was the 241st most imported product in Iceland. Iceland imports Integrated Circuits primarily from: Germany ($1.01M), China ($778k), Malaysia ($553k), United States ($443k), and Italy ($412k).

The fastest growing import markets in Integrated Circuits for Iceland between 2022 and 2023 were Netherlands ($315k), Denmark ($290k), and Romania ($289k).

Latest Trends

Jan 2025

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 Integrated Circuits. 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)$3.04M
IMPORTS (2023)$5.58M
NET TRADE (2023)-$2.54M

In 2023, Iceland exported $3.04M in Integrated Circuits. The main destinations of Iceland exports on Integrated Circuits were United States ($1.7M), Netherlands ($346k), Tunisia ($323k), Belgium ($221k), and Denmark ($92.8k).

In 2023, Iceland imported $5.58M in Integrated Circuits, mainly from Germany ($1.01M), China ($778k), Malaysia ($553k), United States ($443k), and Italy ($412k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Integrated Circuits EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
United States$1.6M (1.5k%)
Belgium$219k (10.4k%)
Netherlands$107k (44.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Integrated Circuits BY Iceland WERE (2022 - 2023):
Tunisia-$207k (-39.1%)
Japan-$105k (-100%)
Singapore-$100k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iceland's main exporting competitors in Integrated Circuits were:
In 2023, Iceland's main importing competitors in Integrated Circuits were:

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Trade Value of Integrated Circuits by Exporters

Potential Exports

Potential Exports

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

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