2022
Exports
$6.03MWorld Rnk 93 / 218
Flag Rnk 54 / 935
2022
PRODUCT COMPLEXITY IN Other Edible Preparations
0.054Rnk 531 / 1025
2022
Imports
$43.8MWorld Rnk 114 / 226
Flag Rnk 31 / 1186

About

Exports In 2022, Iceland exported $6.03M in Other Edible Preparations, making it the 93rd largest exporter of Other Edible Preparations in the world. At the same year, Other Edible Preparations was the 54th most exported product in Iceland. The main destination of Other Edible Preparations exports from Iceland are: South Korea ($1.22M), United States ($826k), Germany ($594k), Czechia ($587k), and Lithuania ($385k).

The fastest growing export markets for Other Edible Preparations of Iceland between 2021 and 2022 were South Korea ($766k), Czechia ($484k), and Lithuania ($263k).

Imports In 2022, Iceland imported $43.8M in Other Edible Preparations, becoming the 114th largest importer of Other Edible Preparations in the world. At the same year, Other Edible Preparations was the 31st most imported product in Iceland. Iceland imports Other Edible Preparations primarily from: Denmark ($7.29M), United States ($7.07M), United Kingdom ($6.12M), Sweden ($4.71M), and Netherlands ($4.48M).

The fastest growing import markets in Other Edible Preparations for Iceland between 2021 and 2022 were Denmark ($2.68M), Netherlands ($1.08M), and Sweden ($899k).

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 Other Edible Preparations. 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)$6.03M
IMPORTS (2022)$43.8M
NET TRADE (2022)-$37.7M

In 2022, Iceland exported $6.03M in Other Edible Preparations. The main destinations of Iceland exports on Other Edible Preparations were South Korea ($1.22M), United States ($826k), Germany ($594k), Czechia ($587k), and Lithuania ($385k).

In 2022, Iceland imported $43.8M in Other Edible Preparations, mainly from Denmark ($7.29M), United States ($7.07M), United Kingdom ($6.12M), Sweden ($4.71M), and Netherlands ($4.48M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Edible Preparations EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
South Korea$766k (170%)
Czechia$484k (471%)
Lithuania$263k (217%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Edible Preparations BY Iceland WERE (2021 - 2022):
United States-$3.37M (-80.3%)
Russia-$1.03M (-74.2%)
Germany-$626k (-51.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Other Edible Preparations were:
In 2022, Iceland's main importing competitors in Other Edible Preparations were:

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Trade Value of Other Edible Preparations by Exporters

Potential Exports

Potential Exports

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

See methodology.

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