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Exports In 2023, Iceland exported $107k in Wrenches, making it the 82nd largest exporter of Wrenches in the world. At the same year, Wrenches was the 350th most exported product in Iceland. The main destination of Wrenches exports from Iceland are: United Kingdom ($67.8k), Denmark ($19.7k), Finland ($8.7k), Switzerland ($2.88k), and Egypt ($2.59k).

The fastest growing export markets for Wrenches of Iceland between 2022 and 2023 were United Kingdom ($65.1k), Denmark ($19.7k), and Finland ($8.58k).

Imports In 2023, Iceland imported $2.13M in Wrenches, becoming the 103rd largest importer of Wrenches in the world. At the same year, Wrenches was the 403rd most imported product in Iceland. Iceland imports Wrenches primarily from: Chinese Taipei ($915k), China ($398k), Germany ($271k), United States ($82.7k), and Denmark ($69.2k).

The fastest growing import markets in Wrenches for Iceland between 2022 and 2023 were Chinese Taipei ($135k), China ($77.4k), and Poland ($49.7k).

Latest Trends

Dec 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 Wrenches. 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 (2023)$107k
IMPORTS (2023)$2.13M
NET TRADE (2023)-$2.02M

In 2023, Iceland exported $107k in Wrenches. The main destinations of Iceland exports on Wrenches were United Kingdom ($67.8k), Denmark ($19.7k), Finland ($8.7k), Switzerland ($2.88k), and Egypt ($2.59k).

In 2023, Iceland imported $2.13M in Wrenches, mainly from Chinese Taipei ($915k), China ($398k), Germany ($271k), United States ($82.7k), and Denmark ($69.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Iceland WERE (2022 - 2023):
United Kingdom$65.1k (2.45k%)
Denmark$19.7k (1%)
Finland$8.58k (7.09k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Iceland WERE (2022 - 2023):
United States-$4.01k (-100%)
Indonesia-$1.68k (-100%)
Peru-$999 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Iceland's main exporting competitors in Wrenches were:
In 2023, Iceland's main importing competitors in Wrenches were:

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

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

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