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Exports In 2022, Iceland exported $58.4k in Precious Stones, making it the 109th largest exporter of Precious Stones in the world. At the same year, Precious Stones was the 398th most exported product in Iceland. The main destination of Precious Stones exports from Iceland are: United Kingdom ($57.3k), Thailand ($712), Switzerland ($124), Italy ($96), and French Polynesia ($66).

The fastest growing export markets for Precious Stones of Iceland between 2021 and 2022 were United Kingdom ($57.3k), Thailand ($535), and Switzerland ($124).

Imports In 2022, Iceland imported $71.4k in Precious Stones, becoming the 109th largest importer of Precious Stones in the world. At the same year, Precious Stones was the 915th most imported product in Iceland. Iceland imports Precious Stones primarily from: China ($15.9k), United Kingdom ($8.64k), Germany ($8.18k), United States ($6.85k), and India ($6.02k).

The fastest growing import markets in Precious Stones for Iceland between 2021 and 2022 were China ($4.39k), Germany ($3.08k), and Thailand ($2.89k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 Stones. 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)$58.4k
IMPORTS (2022)$71.4k
NET TRADE (2022)-$13k

In 2022, Iceland exported $58.4k in Precious Stones. The main destinations of Iceland exports on Precious Stones were United Kingdom ($57.3k), Thailand ($712), Switzerland ($124), Italy ($96), and French Polynesia ($66).

In 2022, Iceland imported $71.4k in Precious Stones, mainly from China ($15.9k), United Kingdom ($8.64k), Germany ($8.18k), United States ($6.85k), and India ($6.02k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Stones EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
United Kingdom$57.3k (1%)
Thailand$535 (302%)
Switzerland$124 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Stones BY Iceland WERE (2021 - 2022):
Australia-$110k (-100%)
Hong Kong-$4.96k (-99.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Iceland's main exporting competitors in Precious Stones were:
In 2022, Iceland's main importing competitors in Precious Stones were:

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Trade Value of Precious Stones by Exporters

Potential Exports

Potential Exports

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

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