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Exports In 2022, Iceland exported $10.6k in Wrenches, making it the 131st largest exporter of Wrenches in the world. At the same year, Wrenches was the 571st most exported product in Iceland. The main destination of Wrenches exports from Iceland are: United States ($4.01k), United Kingdom ($2.66k), Indonesia ($1.66k), Peru ($986), and Austria ($238).

The fastest growing export markets for Wrenches of Iceland between 2021 and 2022 were United States ($3.83k), United Kingdom ($2.45k), and Indonesia ($1.66k).

Imports In 2022, Iceland imported $1.92M in Wrenches, becoming the 104th largest importer of Wrenches in the world. At the same year, Wrenches was the 434th most imported product in Iceland. Iceland imports Wrenches primarily from: Chinese Taipei ($493k), Germany ($427k), China ($197k), Denmark ($157k), and Netherlands ($99.3k).

The fastest growing import markets in Wrenches for Iceland between 2021 and 2022 were Chinese Taipei ($96.1k), Denmark ($88.1k), and Germany ($59.1k).

Latest Trends

Nov 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 (2022)$10.6k
IMPORTS (2022)$1.92M
NET TRADE (2022)-$1.91M

In 2022, Iceland exported $10.6k in Wrenches. The main destinations of Iceland exports on Wrenches were United States ($4.01k), United Kingdom ($2.66k), Indonesia ($1.66k), Peru ($986), and Austria ($238).

In 2022, Iceland imported $1.92M in Wrenches, mainly from Chinese Taipei ($493k), Germany ($427k), China ($197k), Denmark ($157k), and Netherlands ($99.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
United States$3.83k (2.19k%)
United Kingdom$2.45k (1.19k%)
Indonesia$1.66k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Iceland WERE (2021 - 2022):
Norway-$4.8k (-100%)
Luxembourg-$391 (-100%)
Russia-$331 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Wrenches were:
In 2022, 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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