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Exports In 2022, Iceland exported $1.01M in Wool, making it the 44th largest exporter of Wool in the world. At the same year, Wool was the 134th most exported product in Iceland. The main destination of Wool exports from Iceland are: United Kingdom ($418k), Lithuania ($189k), Germany ($143k), Belgium ($106k), and Denmark ($89.8k).

The fastest growing export markets for Wool of Iceland between 2021 and 2022 were Denmark ($47.8k), Netherlands ($31.5k), and Morocco ($16.3k).

Imports In 2022, Iceland imported $635k in Wool, becoming the 45th largest importer of Wool in the world. At the same year, Wool was the 620th most imported product in Iceland. Iceland imports Wool primarily from: New Zealand ($519k), United Kingdom ($78.1k), Netherlands ($34.8k), Denmark ($1.46k), and Italy ($1.25k).

The fastest growing import markets in Wool for Iceland between 2021 and 2022 were Netherlands ($34.8k), Denmark ($1.46k), and Italy ($1.25k).

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 Wool. 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)$1.01M
IMPORTS (2022)$635k
NET TRADE (2022)$377k

In 2022, Iceland exported $1.01M in Wool. The main destinations of Iceland exports on Wool were United Kingdom ($418k), Lithuania ($189k), Germany ($143k), Belgium ($106k), and Denmark ($89.8k).

In 2022, Iceland imported $635k in Wool, mainly from New Zealand ($519k), United Kingdom ($78.1k), Netherlands ($34.8k), Denmark ($1.46k), and Italy ($1.25k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Denmark$47.8k (114%)
Netherlands$31.5k (1%)
Morocco$16.3k (383%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool BY Iceland WERE (2021 - 2022):
United Kingdom-$221k (-34.6%)
Germany-$118k (-45.2%)
Lithuania-$44.2k (-19%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Wool were:
In 2022, Iceland's main importing competitors in Wool were:
China $2.16B
Italy $223M
India $205M

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Trade Value of Wool by Exporters

Potential Exports

Potential Exports

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

See methodology.

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