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2022
Exports $595kWorld Rnk 87 / 199
Flag Rnk 176 / 935
2022
Destination $208k United States
2021 - 2022
FASTEST GROWING MARKET $208kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.61Rnk 321 / 1025
2022
Imports $3.58MWorld Rnk 130 / 220
Flag Rnk 317 / 1186
2022
Origin $232k Norway
2021 - 2022
FASTEST GROWING ORIGIN $232kGermany

About

Exports In 2022, Iceland exported $595k in Special Pharmaceuticals, making it the 87th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 176th most exported product in Iceland. The main destination of Special Pharmaceuticals exports from Iceland are: United States ($278k), United Kingdom ($210k), Senegal ($32.8k), China ($21.9k), and Bulgaria ($13.9k).

The fastest growing export markets for Special Pharmaceuticals of Iceland between 2021 and 2022 were United Kingdom ($208k), United States ($176k), and Senegal ($32.8k).

Imports In 2022, Iceland imported $3.58M in Special Pharmaceuticals, becoming the 130th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 317th most imported product in Iceland. Iceland imports Special Pharmaceuticals primarily from: Norway ($756k), Germany ($731k), Finland ($449k), Netherlands ($297k), and United States ($219k).

The fastest growing import markets in Special Pharmaceuticals for Iceland between 2021 and 2022 were Germany ($232k), Norway ($160k), and United Kingdom ($140k).

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 Special Pharmaceuticals. 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)$595k
IMPORTS (2022)$3.58M
NET TRADE (2022)-$2.99M

In 2022, Iceland exported $595k in Special Pharmaceuticals. The main destinations of Iceland exports on Special Pharmaceuticals were United States ($278k), United Kingdom ($210k), Senegal ($32.8k), China ($21.9k), and Bulgaria ($13.9k).

In 2022, Iceland imported $3.58M in Special Pharmaceuticals, mainly from Norway ($756k), Germany ($731k), Finland ($449k), Netherlands ($297k), and United States ($219k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
United Kingdom$208k (12.3k%)
United States$176k (172%)
Senegal$32.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Iceland WERE (2021 - 2022):
Thailand-$46.4k (-100%)
Malaysia-$40.7k (-100%)
Netherlands-$25.9k (-67.6%)
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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 Special Pharmaceuticals were:
Germany $3.23B
United States $1.77B
Netherlands $1.25B
In 2022, Iceland's main importing competitors in Special Pharmaceuticals were:
United States $3.52B
Belgium $1.22B
China $1.01B

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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