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Exports In 2022, Iceland exported $238k in Precious Metal Watches, making it the 92nd largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 253rd most exported product in Iceland. The main destination of Precious Metal Watches exports from Iceland are: United States ($62.3k), United Kingdom ($54.7k), Greenland ($46.9k), Denmark ($44.5k), and Germany ($3.86k).

The fastest growing export markets for Precious Metal Watches of Iceland between 2021 and 2022 were Greenland ($46.9k), Germany ($3.45k), and Norway ($3.3k).

Imports In 2022, Iceland imported $3.89M in Precious Metal Watches, becoming the 96th largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 297th most imported product in Iceland. Iceland imports Precious Metal Watches primarily from: China ($3.04M), Switzerland ($530k), Germany ($84.4k), Denmark ($72.1k), and Japan ($40.8k).

The fastest growing import markets in Precious Metal Watches for Iceland between 2021 and 2022 were Switzerland ($89.1k), Denmark ($24.6k), and Japan ($22.8k).

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 Precious Metal Watches. 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)$238k
IMPORTS (2022)$3.89M
NET TRADE (2022)-$3.65M

In 2022, Iceland exported $238k in Precious Metal Watches. The main destinations of Iceland exports on Precious Metal Watches were United States ($62.3k), United Kingdom ($54.7k), Greenland ($46.9k), Denmark ($44.5k), and Germany ($3.86k).

In 2022, Iceland imported $3.89M in Precious Metal Watches, mainly from China ($3.04M), Switzerland ($530k), Germany ($84.4k), Denmark ($72.1k), and Japan ($40.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Greenland$46.9k (1%)
Germany$3.45k (833%)
Norway$3.3k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY Iceland WERE (2021 - 2022):
Denmark-$286k (-86.6%)
United States-$145k (-70%)
Switzerland-$55.5k (-94.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Precious Metal Watches were:
In 2022, Iceland's main importing competitors in Precious Metal Watches were:

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Trade Value of Precious Metal Watches by Exporters

Potential Exports

Potential Exports

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Precious Metal Watches’s highest export potential is N/A. With an export gap of N/A.   Precious Metal Watches’s highest import potential is N/A with an import gap of N/A.

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