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Exports In 2022, Iceland exported $8.18k in Milk, making it the 124th largest exporter of Milk in the world. At the same year, Milk was the 595th most exported product in Iceland. The main destination of Milk exports from Iceland are: Greenland ($7.8k), Germany ($313), and Denmark ($64).

The fastest growing export markets for Milk of Iceland between 2021 and 2022 were Germany ($313) and Denmark ($62).

Imports In 2022, Iceland imported $177k in Milk, becoming the 202nd largest importer of Milk in the world. At the same year, Milk was the 808th most imported product in Iceland. Iceland imports Milk primarily from: Switzerland ($72.9k), France ($22.7k), Poland ($21.7k), Denmark ($19.9k), and Germany ($19k).

The fastest growing import markets in Milk for Iceland between 2021 and 2022 were Switzerland ($8.44k), Poland ($2.35k), and Netherlands ($1.79k).

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 Milk. 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)$8.18k
IMPORTS (2022)$177k
NET TRADE (2022)-$168k

In 2022, Iceland exported $8.18k in Milk. The main destinations of Iceland exports on Milk were Greenland ($7.8k), Germany ($313), and Denmark ($64).

In 2022, Iceland imported $177k in Milk, mainly from Switzerland ($72.9k), France ($22.7k), Poland ($21.7k), Denmark ($19.9k), and Germany ($19k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Milk EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Germany$313 (1%)
Denmark$62 (3.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Milk BY Iceland WERE (2021 - 2022):Greenland-$4.21k (-35%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Iceland's main exporting competitors in Milk were:
In 2022, Iceland's main importing competitors in Milk were:
Germany $2.03B
China $1.46B

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Trade Value of Milk by Exporters

Potential Exports

Potential Exports

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

See methodology.

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