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Exports In 2022, Iceland exported $583 in Olive Oil, making it the 86th largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 804th most exported product in Iceland. The main destination of Olive Oil exports from Iceland are: Greenland ($554) and Netherlands ($29).

The fastest growing export markets for Olive Oil of Iceland between 2021 and 2022 were Greenland ($554).

Imports In 2022, Iceland imported $90k in Olive Oil, becoming the 123rd largest importer of Olive Oil in the world. At the same year, Olive Oil was the 894th most imported product in Iceland. Iceland imports Olive Oil primarily from: Spain ($48.3k), Italy ($31.2k), Netherlands ($5.27k), United Kingdom ($3.87k), and Germany ($545).

The fastest growing import markets in Olive Oil for Iceland between 2021 and 2022 were Spain ($25.5k), Italy ($7.45k), and Denmark ($509).

Latest Trends

Aug 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 Olive Oil. 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)$583
IMPORTS (2022)$90k
NET TRADE (2022)-$89.4k

In 2022, Iceland exported $583 in Olive Oil. The main destinations of Iceland exports on Olive Oil were Greenland ($554) and Netherlands ($29).

In 2022, Iceland imported $90k in Olive Oil, mainly from Spain ($48.3k), Italy ($31.2k), Netherlands ($5.27k), United Kingdom ($3.87k), and Germany ($545).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR Iceland WERE (2021 - 2022):Greenland$554 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY Iceland WERE (2021 - 2022):
Namibia-$6.2k (-100%)
United Kingdom-$2.62k (-100%)
United States-$70 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Olive Oil were:
Spain $322M
Italy $115M
Greece $69.6M
In 2022, Iceland's main importing competitors in Olive Oil were:

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

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

See methodology.

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