About

Exports In 2023, Iceland exported $20.8M in Lifting Machinery, making it the 55th largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 29th most exported product in Iceland. The main destination of Lifting Machinery exports from Iceland are: Netherlands ($3.61M), Canada ($3.26M), Denmark ($2.37M), United Kingdom ($2.29M), and Norway ($2.28M).

The fastest growing export markets for Lifting Machinery of Iceland between 2022 and 2023 were Canada ($2.19M), Denmark ($2.06M), and Australia ($1.13M).

Imports In 2023, Iceland imported $24.7M in Lifting Machinery, becoming the 101st largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 75th most imported product in Iceland. Iceland imports Lifting Machinery primarily from: China ($3.61M), Germany ($3.08M), Netherlands ($2.27M), Finland ($2.07M), and Switzerland ($1.62M).

The fastest growing import markets in Lifting Machinery for Iceland between 2022 and 2023 were China ($2.25M), Switzerland ($1.5M), and Lithuania ($933k).

Latest Trends

Jan 2025

Subnational Monthly Trade

View
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 Lifting Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$20.8M
IMPORTS (2023)$24.7M
NET TRADE (2023)-$3.88M

In 2023, Iceland exported $20.8M in Lifting Machinery. The main destinations of Iceland exports on Lifting Machinery were Netherlands ($3.61M), Canada ($3.26M), Denmark ($2.37M), United Kingdom ($2.29M), and Norway ($2.28M).

In 2023, Iceland imported $24.7M in Lifting Machinery, mainly from China ($3.61M), Germany ($3.08M), Netherlands ($2.27M), Finland ($2.07M), and Switzerland ($1.62M).

Explore Visualizations

Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
Canada$2.19M (204%)
Denmark$2.06M (662%)
Australia$1.13M (4.99k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Iceland WERE (2022 - 2023):
United Kingdom-$3.3M (-59%)
Norway-$917k (-28.7%)
United States-$744k (-31.2%)

Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2023, Iceland's main exporting competitors in Lifting Machinery were:
China $7.77B
Italy $2.7B
In 2023, Iceland's main importing competitors in Lifting Machinery were:

Explore Visualizations

Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
N/A
N/AN/A
N/AN/A

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

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with