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Exports In 2022, Iceland exported $16.4M in Packaged Medicaments, making it the 92nd largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 31st most exported product in Iceland. The main destination of Packaged Medicaments exports from Iceland are: United Kingdom ($3.63M), Germany ($3.08M), United States ($1.33M), Poland ($1.17M), and Estonia ($1.04M).

The fastest growing export markets for Packaged Medicaments of Iceland between 2021 and 2022 were Germany ($2.12M), United States ($1.08M), and Ireland ($815k).

Imports In 2022, Iceland imported $136M in Packaged Medicaments, becoming the 124th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 8th most imported product in Iceland. Iceland imports Packaged Medicaments primarily from: Denmark ($59.4M), Sweden ($19.2M), Germany ($12.6M), Netherlands ($9.01M), and Switzerland ($7.39M).

The fastest growing import markets in Packaged Medicaments for Iceland between 2021 and 2022 were Poland ($1.15M), Serbia ($388k), and Malta ($306k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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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 Packaged Medicaments. 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)$16.4M
IMPORTS (2022)$136M
NET TRADE (2022)-$120M

In 2022, Iceland exported $16.4M in Packaged Medicaments. The main destinations of Iceland exports on Packaged Medicaments were United Kingdom ($3.63M), Germany ($3.08M), United States ($1.33M), Poland ($1.17M), and Estonia ($1.04M).

In 2022, Iceland imported $136M in Packaged Medicaments, mainly from Denmark ($59.4M), Sweden ($19.2M), Germany ($12.6M), Netherlands ($9.01M), and Switzerland ($7.39M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Germany$2.12M (223%)
United States$1.08M (430%)
Ireland$815k (575%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Iceland WERE (2021 - 2022):
Ukraine-$1.61M (-70%)
Poland-$980k (-45.7%)
Slovakia-$976k (-63.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Iceland's main exporting competitors in Packaged Medicaments were:
In 2022, Iceland's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

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

See methodology.

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