Wine in Iceland | The Observatory of Economic Complexity

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Exports In 2023, Iceland exported $115k in Wine, making it the 115th largest exporter of Wine in the world. At the same year, Wine was the 347th most exported product in Iceland. The main destination of Wine exports from Iceland are: United Kingdom ($54.7k), Denmark ($31.8k), Italy ($14.9k), Switzerland ($4.35k), and France ($4.17k).

The fastest growing export markets for Wine of Iceland between 2022 and 2023 were United Kingdom ($54.7k), Italy ($14.9k), and Switzerland ($4.35k).

Imports In 2023, Iceland imported $35.3M in Wine, becoming the 66th largest importer of Wine in the world. At the same year, Wine was the 44th most imported product in Iceland. Iceland imports Wine primarily from: Italy ($11.1M), France ($10.4M), Spain ($5.4M), Chile ($1.71M), and Portugal ($1.07M).

The fastest growing import markets in Wine for Iceland between 2022 and 2023 were Italy ($1.04M), France ($1.01M), and Spain ($500k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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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 Wine. 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

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Trade Value

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Growth (%)

Year

EXPORTS (2023)$115k

IMPORTS (2023)$35.3M

NET TRADE (2023)-$35.2M

In 2023, Iceland exported $115k in Wine. The main destinations of Iceland exports on Wine were United Kingdom ($54.7k), Denmark ($31.8k), Italy ($14.9k), Switzerland ($4.35k), and France ($4.17k).

In 2023, Iceland imported $35.3M in Wine, mainly from Italy ($11.1M), France ($10.4M), Spain ($5.4M), Chile ($1.71M), and Portugal ($1.07M).

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