2023
Exports
$28.6MWorld Rnk 89 / 214
Flag Rnk 25 / 943
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$215MWorld Rnk 106 / 226
Flag Rnk 7 / 1178

About

Exports In 2023, Iceland exported $28.6M in Packaged Medicaments, making it the 89th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 25th most exported product in Iceland. The main destination of Packaged Medicaments exports from Iceland are: Germany ($5.91M), United Kingdom ($5.25M), Poland ($5.13M), Switzerland ($1.46M), and Spain ($1.44M).

The fastest growing export markets for Packaged Medicaments of Iceland between 2022 and 2023 were Germany ($3.2M), South Africa ($979k), and United Kingdom ($811k).

Imports In 2023, Iceland imported $215M in Packaged Medicaments, becoming the 106th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 7th most imported product in Iceland. Iceland imports Packaged Medicaments primarily from: Denmark ($96.9M), Sweden ($28.6M), Switzerland ($16.6M), Germany ($14.5M), and United States ($8.07M).

The fastest growing import markets in Packaged Medicaments for Iceland between 2022 and 2023 were Denmark ($17.2M), United States ($7.06M), and Sweden ($2.72M).

Latest Trends

Jan 2025

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 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 (2023)$28.6M
IMPORTS (2023)$215M
NET TRADE (2023)-$186M

In 2023, Iceland exported $28.6M in Packaged Medicaments. The main destinations of Iceland exports on Packaged Medicaments were Germany ($5.91M), United Kingdom ($5.25M), Poland ($5.13M), Switzerland ($1.46M), and Spain ($1.44M).

In 2023, Iceland imported $215M in Packaged Medicaments, mainly from Denmark ($96.9M), Sweden ($28.6M), Switzerland ($16.6M), Germany ($14.5M), and United States ($8.07M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
Germany$3.2M (118%)
South Africa$979k (1.58k%)
United Kingdom$811k (18.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Iceland WERE (2022 - 2023):
Poland-$1.6M (-23.8%)
Ukraine-$689k (-100%)
United Arab Emirates-$632k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iceland's main exporting competitors in Packaged Medicaments were:
In 2023, 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
N/AN/A
N/AN/A

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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