2023
Exports
$304kWorld Rnk 80 / 180
Flag Rnk 253 / 943
2023
PRODUCT COMPLEXITY IN Precious Metal Watches
0.62Rnk 321 / 1025
2023
Imports
$2.33MWorld Rnk 99 / 210
Flag Rnk 389 / 1178

About

Exports In 2023, Iceland exported $304k in Precious Metal Watches, making it the 80th 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 ($203k), United Kingdom ($29.5k), Germany ($26.2k), Canada ($11.4k), and Hong Kong ($5.9k).

The fastest growing export markets for Precious Metal Watches of Iceland between 2022 and 2023 were United States ($111k), Germany ($22.3k), and Canada ($11.4k).

Imports In 2023, Iceland imported $2.33M in Precious Metal Watches, becoming the 99th largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 389th most imported product in Iceland. Iceland imports Precious Metal Watches primarily from: China ($2.05M), Switzerland ($70.2k), Japan ($37.9k), Germany ($31.1k), and Sweden ($26.3k).

The fastest growing import markets in Precious Metal Watches for Iceland between 2022 and 2023 were Spain ($20.1k), Sweden ($9.56k), and France ($4.74k).

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 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 (2023)$304k
IMPORTS (2023)$2.33M
NET TRADE (2023)-$2.02M

In 2023, Iceland exported $304k in Precious Metal Watches. The main destinations of Iceland exports on Precious Metal Watches were United States ($203k), United Kingdom ($29.5k), Germany ($26.2k), Canada ($11.4k), and Hong Kong ($5.9k).

In 2023, Iceland imported $2.33M in Precious Metal Watches, mainly from China ($2.05M), Switzerland ($70.2k), Japan ($37.9k), Germany ($31.1k), and Sweden ($26.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
United States$111k (121%)
Germany$22.3k (578%)
Canada$11.4k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY Iceland WERE (2022 - 2023):
Greenland-$46.9k (-100%)
Denmark-$43.8k (-98.4%)
United Kingdom-$33.4k (-53.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iceland's main exporting competitors in Precious Metal Watches were:
In 2023, 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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N/A
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N/AN/A

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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