Palm Oil in Iceland | The Observatory of Economic Complexity

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Exports In 2023, Iceland exported $176k in Palm Oil, making it the 104th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 310th most exported product in Iceland. The main destination of Palm Oil exports from Iceland are: Senegal ($117k), Benin ($59k), and Spain ($80).

The fastest growing export markets for Palm Oil of Iceland between N/A and 2023 were Senegal ($117k), Benin ($59k), and Spain ($80).

Imports In 2023, Iceland imported $641k in Palm Oil, becoming the 173rd largest importer of Palm Oil in the world. At the same year, Palm Oil was the 601st most imported product in Iceland. Iceland imports Palm Oil primarily from: Denmark ($350k), Belgium ($129k), Sweden ($115k), Norway ($32k), and Ghana ($6.4k).

The fastest growing import markets in Palm Oil for Iceland between 2022 and 2023 were Denmark ($342k), Belgium ($16.8k), and Malaysia ($2.57k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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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 Palm 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

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Trade Value

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Year

EXPORTS (2023)$176k

IMPORTS (2023)$641k

NET TRADE (2023)-$465k

In 2023, Iceland exported $176k in Palm Oil. The main destinations of Iceland exports on Palm Oil were Senegal ($117k), Benin ($59k), and Spain ($80).

In 2023, Iceland imported $641k in Palm Oil, mainly from Denmark ($350k), Belgium ($129k), Sweden ($115k), Norway ($32k), and Ghana ($6.4k).

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