2022
Exports
$711kWorld Rnk 157 / 221
Flag Rnk 56 / 95
2022
PRODUCT COMPLEXITY IN Wood, wood articles, & charcoal
0.3Rnk 451 / 1025
2022
Imports
$179MWorld Rnk 76 / 226
Flag Rnk 12 / 96

About

Exports In 2022, Iceland exported $711k in Wood, wood articles, & charcoal, making it the 157th largest exporter of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 56th most exported product in Iceland. The main destination of Wood, wood articles, & charcoal exports from Iceland are: Sweden ($221k), Greenland ($148k), Denmark ($124k), Germany ($61.1k), and United States ($58.4k).

The fastest growing export markets for Wood, wood articles, & charcoal of Iceland between 2021 and 2022 were Greenland ($118k), Denmark ($70.9k), and Italy ($32.6k).

Imports In 2022, Iceland imported $179M in Wood, wood articles, & charcoal, becoming the 76th largest importer of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 12th most imported product in Iceland. Iceland imports Wood, wood articles, & charcoal primarily from: Denmark ($28M), Latvia ($22.7M), Germany ($14.6M), Sweden ($13.4M), and Lithuania ($13.2M).

The fastest growing import markets in Wood, wood articles, & charcoal for Iceland between 2021 and 2022 were Denmark ($8.94M), Canada ($4.76M), and Finland ($3.47M).

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 Wood, wood articles, & charcoal. 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)$711k
IMPORTS (2022)$179M
NET TRADE (2022)-$178M

In 2022, Iceland exported $711k in Wood, wood articles, & charcoal. The main destinations of Iceland exports on Wood, wood articles, & charcoal were Sweden ($221k), Greenland ($148k), Denmark ($124k), Germany ($61.1k), and United States ($58.4k).

In 2022, Iceland imported $179M in Wood, wood articles, & charcoal, mainly from Denmark ($28M), Latvia ($22.7M), Germany ($14.6M), Sweden ($13.4M), and Lithuania ($13.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood, wood articles, & charcoal EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Greenland$118k (408%)
Denmark$70.9k (134%)
Italy$32.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood, wood articles, & charcoal BY Iceland WERE (2021 - 2022):
Sweden-$444k (-66.8%)
Netherlands-$48.1k (-75.4%)
New Zealand-$39.7k (-65.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Wood, wood articles, & charcoal were:
China $18.7B
Germany $12.9B
In 2022, Iceland's main importing competitors in Wood, wood articles, & charcoal were:

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Trade Value of Wood, wood articles, & charcoal by Exporters

Potential Exports

Potential Exports

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Wood, wood articles, & charcoal’s highest export potential is N/A. With an export gap of N/A.   Wood, wood articles, & charcoal’s highest import potential is N/A with an import gap of N/A.

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