2022
Exports
$28.5kWorld Rnk 98 / 146
Flag Rnk 476 / 935
2022
PRODUCT COMPLEXITY IN Pure Olive Oil
-0.75Rnk 772 / 1025
2022
Imports
$4.57MWorld Rnk 85 / 218
Flag Rnk 266 / 1186

About

Exports In 2022, Iceland exported $28.5k in Pure Olive Oil, making it the 98th largest exporter of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 476th most exported product in Iceland. The main destination of Pure Olive Oil exports from Iceland are: Spain ($20.1k), Vietnam ($5.86k), Senegal ($2.21k), Greenland ($106), and Belgium ($97).

The fastest growing export markets for Pure Olive Oil of Iceland between 2021 and 2022 were Spain ($19.9k), Vietnam ($5.86k), and Senegal ($2.21k).

Imports In 2022, Iceland imported $4.57M in Pure Olive Oil, becoming the 85th largest importer of Pure Olive Oil in the world. At the same year, Pure Olive Oil was the 266th most imported product in Iceland. Iceland imports Pure Olive Oil primarily from: Italy ($1.59M), Cyprus ($974k), Spain ($952k), Belgium ($322k), and United Kingdom ($298k).

The fastest growing import markets in Pure Olive Oil for Iceland between 2021 and 2022 were Cyprus ($242k), Belgium ($204k), and United Kingdom ($30.9k).

Latest Trends

Aug 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 Pure Olive Oil. 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)$28.5k
IMPORTS (2022)$4.57M
NET TRADE (2022)-$4.54M

In 2022, Iceland exported $28.5k in Pure Olive Oil. The main destinations of Iceland exports on Pure Olive Oil were Spain ($20.1k), Vietnam ($5.86k), Senegal ($2.21k), Greenland ($106), and Belgium ($97).

In 2022, Iceland imported $4.57M in Pure Olive Oil, mainly from Italy ($1.59M), Cyprus ($974k), Spain ($952k), Belgium ($322k), and United Kingdom ($298k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pure Olive Oil EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Spain$19.9k (9.5k%)
Vietnam$5.86k (1%)
Senegal$2.21k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pure Olive Oil BY Iceland WERE (2021 - 2022):
Switzerland-$3.16k (-100%)
Greenland-$983 (-90.3%)
Canada-$253 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Pure Olive Oil were:
Spain $4.43B
Italy $1.87B
In 2022, Iceland's main importing competitors in Pure Olive Oil were:

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Trade Value of Pure Olive Oil by Exporters

Potential Exports

Potential Exports

Flow
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N/A
N/AN/A
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Pure Olive Oil’s highest export potential is N/A. With an export gap of N/A.   Pure Olive Oil’s highest import potential is N/A with an import gap of N/A.

See methodology.

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