About

Exports In 2022, Iceland exported $3.99M in Excavation Machinery, making it the 97th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 69th most exported product in Iceland. The main destination of Excavation Machinery exports from Iceland are: Netherlands ($1.03M), Denmark ($854k), Norway ($510k), United Kingdom ($488k), and New Zealand ($451k).

The fastest growing export markets for Excavation Machinery of Iceland between 2021 and 2022 were Netherlands ($781k), New Zealand ($447k), and United Kingdom ($410k).

Imports In 2022, Iceland imported $25.5M in Excavation Machinery, becoming the 115th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 63rd most imported product in Iceland. Iceland imports Excavation Machinery primarily from: Sweden ($4.43M), Netherlands ($3.88M), Germany ($3.56M), Denmark ($2.28M), and Norway ($1.35M).

The fastest growing import markets in Excavation Machinery for Iceland between 2021 and 2022 were Netherlands ($1.98M), Sweden ($1.49M), and Norway ($772k).

Latest Trends

Jul 2024

Subnational Monthly Trade

View
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 Excavation Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$3.99M
IMPORTS (2022)$25.5M
NET TRADE (2022)-$21.5M

In 2022, Iceland exported $3.99M in Excavation Machinery. The main destinations of Iceland exports on Excavation Machinery were Netherlands ($1.03M), Denmark ($854k), Norway ($510k), United Kingdom ($488k), and New Zealand ($451k).

In 2022, Iceland imported $25.5M in Excavation Machinery, mainly from Sweden ($4.43M), Netherlands ($3.88M), Germany ($3.56M), Denmark ($2.28M), and Norway ($1.35M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
Netherlands$781k (309%)
New Zealand$447k (10.3k%)
United Kingdom$410k (520%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Iceland WERE (2021 - 2022):
Switzerland-$334k (-98.6%)
Denmark-$191k (-18.2%)
Poland-$90.5k (-83.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Iceland's main exporting competitors in Excavation Machinery were:
In 2022, Iceland's main importing competitors in Excavation Machinery were:

Explore Visualizations

Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
N/A
N/AN/A
N/AN/A

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

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with