2021
Exports
$634World Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2021
Imports
$4.45MWorld Rnk 54 / 130
Flag Rnk 274 / 1186

About

Imports In 2022, Iceland imported $4.45M in Iron Ore, becoming the 54th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 274th most imported product in Iceland. Iceland imports Iron Ore primarily from: Russia ($2.62M), United States ($1.23M), Brazil ($587k), Netherlands ($3.64k), and United Kingdom ($3.55k).

The fastest growing import markets in Iron Ore for Iceland between 2021 and 2022 were United States ($1.23M), Brazil ($587k), and Netherlands ($3.64k).

Latest Trends

Jul 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 Iron Ore. 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 (2021)$634
IMPORTS (2022)$4.45M
NET TRADE (2022)-$4.45M

In 2022, Iceland imported $4.45M in Iron Ore, mainly from Russia ($2.62M), United States ($1.23M), Brazil ($587k), Netherlands ($3.64k), and United Kingdom ($3.55k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Iceland WERE (N/A - 2021):Ireland-$634 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Iceland's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

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

See methodology.

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