Petroleum bitumen in Iceland | The Observatory of Economic Complexity

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2013
Exports $279World Rnk 0 / 0
Flag

Rnk 0 / 0

falsefalseN/A

2013
Imports $14.4MWorld Rnk 90 / 191
Flag

Rnk 90 / 4221

Image 1

Image by James St. John
Link: https://flic.kr/p/2kDccy8

Image 2

Image by Rachel D
Link: https://flic.kr/p/cwN88f

Latest Trends
Historical Data

About

Imports In 2022, Iceland imported $14.4M in Petroleum bitumen, becoming the 90th largest importer of Petroleum bitumen in the world. At the same year, Petroleum bitumen was the 90th most imported product in Iceland. Iceland imports Petroleum bitumen primarily from: France ($10.8M), Ireland ($3.45M), Belgium ($65.7k), and United Kingdom ($29.5k).

The fastest growing import markets in Petroleum bitumen for Iceland between 2021 and 2022 were France ($10.8M), Ireland ($3.45M), and Belgium ($48.1k).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (12) and Barry Callebaut (3) were at the forefront of shipping Petroleum bitumen from Iceland to the United States.

Latest Trends

Jul 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 Petroleum bitumen. 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

Trade Value

Growth

Growth (%)

Year

EXPORTS (2013)$279

IMPORTS (2022)$14.4M

NET TRADE (2022)-$14.4M

In 2022, Iceland imported $14.4M in Petroleum bitumen, mainly from France ($10.8M), Ireland ($3.45M), Belgium ($65.7k), and United Kingdom ($29.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

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Exports

Imports

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Ending

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Change in Exports by Market (2021 - 2022)

Market Concentration

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Export

Import

Type

Value

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In 2022, Iceland's main exporting competitors in Petroleum bitumen were:

Singapore $1.53B

South Korea $1.09B

In 2022, Iceland's main importing competitors in Petroleum bitumen were:

United States $2.93B

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Trade Value of Petroleum bitumen by Exporters

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