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2022
Exports $31.4MWorld Rnk 116 / 226
Flag Rnk 17 / 95
falsefalse Norway
2021 - 2022
FASTEST GROWING MARKETfalseUnited Kingdom
2022
PRODUCT COMPLEXITY IN Plastics & articles thereof1.72Rnk 19 / 1025
2022
Imports $268MWorld Rnk 124 / 226
Flag Rnk 8 / 96
2021 - 2022
FASTEST GROWING ORIGINfalseN/A

About

Exports In 2022, Iceland exported $31.4M in Plastics & articles thereof, making it the 116th largest exporter of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 17th most exported product in Iceland. The main destination of Plastics & articles thereof exports from Iceland are: Norway ($4.43M), United Kingdom ($4.41M), Netherlands ($4.35M), Finland ($4.06M), and United States ($3.83M).

The fastest growing export markets for Plastics & articles thereof of Iceland between 2021 and 2022 were United Kingdom ($2.35M), Netherlands ($2.08M), and Norway ($1.4M).

Imports In 2022, Iceland imported $268M in Plastics & articles thereof, becoming the 124th largest importer of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 8th most imported product in Iceland. Iceland imports Plastics & articles thereof primarily from: Germany ($44.7M), Netherlands ($37.2M), Sweden ($29M), Denmark ($26.3M), and United Kingdom ($18.4M).

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 Plastics & articles thereof. 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)$31.4M
IMPORTS (2022)$268M
NET TRADE (2022)-$236M

In 2022, Iceland exported $31.4M in Plastics & articles thereof. The main destinations of Iceland exports on Plastics & articles thereof were Norway ($4.43M), United Kingdom ($4.41M), Netherlands ($4.35M), Finland ($4.06M), and United States ($3.83M).

In 2022, Iceland imported $268M in Plastics & articles thereof, mainly from Germany ($44.7M), Netherlands ($37.2M), Sweden ($29M), Denmark ($26.3M), and United Kingdom ($18.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastics & articles thereof EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
United Kingdom$2.35M (114%)
Netherlands$2.08M (91.5%)
Norway$1.4M (46.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics & articles thereof BY Iceland WERE (2021 - 2022):
Germany-$1.35M (-61.4%)
Poland-$1.12M (-85.2%)
Russia-$374k (-88.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Plastics & articles thereof were:
China $156B
United States $95.2B
Germany $86.5B
In 2022, Iceland's main importing competitors in Plastics & articles thereof were:
United States $96.2B
China $73.4B
Germany $59.1B

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Trade Value of Plastics & articles thereof by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Plastics & articles thereof’s highest export potential is N/A. With an export gap of N/A.   Plastics & articles thereof’s highest import potential is N/A with an import gap of N/A.

See methodology.

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