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2022
Exports $9.1kWorld Rnk 92 / 168
Flag Rnk 584 / 935
2022
Destination $3.74k United Kingdom
2021 - 2022
FASTEST GROWING MARKET $3.74kUnited Kingdom
2022
PRODUCT COMPLEXITY IN String Instruments0.51Rnk 362 / 1025
2022
Imports $761kWorld Rnk 78 / 209
Flag Rnk 580 / 1186
2022
Origin $40k China
2021 - 2022
FASTEST GROWING ORIGIN $40kUnited States

About

Exports In 2022, Iceland exported $9.1k in String Instruments, making it the 92nd largest exporter of String Instruments in the world. At the same year, String Instruments was the 584th most exported product in Iceland. The main destination of String Instruments exports from Iceland are: United Kingdom ($3.74k), United States ($3.1k), Netherlands ($474), Canada ($424), and China ($332).

The fastest growing export markets for String Instruments of Iceland between 2021 and 2022 were United Kingdom ($3.74k), Canada ($424), and China ($332).

Imports In 2022, Iceland imported $761k in String Instruments, becoming the 78th largest importer of String Instruments in the world. At the same year, String Instruments was the 580th most imported product in Iceland. Iceland imports String Instruments primarily from: China ($198k), United States ($141k), Germany ($116k), Indonesia ($78k), and Netherlands ($60.5k).

The fastest growing import markets in String Instruments for Iceland between 2021 and 2022 were United States ($40k), China ($37.3k), and South Korea ($2.68k).

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 String Instruments. 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)$9.1k
IMPORTS (2022)$761k
NET TRADE (2022)-$751k

In 2022, Iceland exported $9.1k in String Instruments. The main destinations of Iceland exports on String Instruments were United Kingdom ($3.74k), United States ($3.1k), Netherlands ($474), Canada ($424), and China ($332).

In 2022, Iceland imported $761k in String Instruments, mainly from China ($198k), United States ($141k), Germany ($116k), Indonesia ($78k), and Netherlands ($60.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
United Kingdom$3.74k (1%)
Canada$424 (1%)
China$332 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY Iceland WERE (2021 - 2022):
Switzerland-$7.78k (-100%)
Germany-$2.02k (-100%)
Norway-$1.35k (-100%)
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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 String Instruments were:
China $527M
United States $146M
Indonesia $107M
In 2022, Iceland's main importing competitors in String Instruments were:
United States $279M
Germany $91.7M
Japan $59.6M

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Trade Value of String Instruments by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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