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2022
Exports $561World Rnk 123 / 135
Flag Rnk 805 / 935
2022
Destination $561 Cote d'Ivoire
2021 - 2022
FASTEST GROWING MARKET $561Cote d'Ivoire
2022
PRODUCT COMPLEXITY IN Soybean Oil-0.93Rnk 821 / 1025
2022
Imports $3.35MWorld Rnk 115 / 215
Flag Rnk 329 / 1186
2022
Origin $102k Denmark
2021 - 2022
FASTEST GROWING ORIGIN $102kUnited Kingdom

About

Exports In 2022, Iceland exported $561 in Soybean Oil, making it the 123rd largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 805th most exported product in Iceland. The main destination of Soybean Oil exports from Iceland are: Cote d'Ivoire ($561).

The fastest growing export markets for Soybean Oil of Iceland between 2021 and 2022 were Cote d'Ivoire ($561).

Imports In 2022, Iceland imported $3.35M in Soybean Oil, becoming the 115th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 329th most imported product in Iceland. Iceland imports Soybean Oil primarily from: Denmark ($2.65M), United States ($285k), United Kingdom ($243k), Netherlands ($162k), and Sweden ($10.8k).

The fastest growing import markets in Soybean Oil for Iceland between 2021 and 2022 were United Kingdom ($102k), Sweden ($4.88k), and China ($145).

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 Soybean Oil. 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)$561
IMPORTS (2022)$3.35M
NET TRADE (2022)-$3.35M

In 2022, Iceland exported $561 in Soybean Oil. The main destinations of Iceland exports on Soybean Oil were Cote d'Ivoire ($561).

In 2022, Iceland imported $3.35M in Soybean Oil, mainly from Denmark ($2.65M), United States ($285k), United Kingdom ($243k), Netherlands ($162k), and Sweden ($10.8k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Iceland WERE (2021 - 2022):Cote d'Ivoire$561 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Iceland WERE (2021 - 2022):Belgium-$94 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Iceland's main exporting competitors in Soybean Oil were:
Argentina $6.79B
Brazil $3.99B
United States $1.06B
In 2022, Iceland's main importing competitors in Soybean Oil were:
India $6.49B
Bangladesh $948M
Morocco $775M

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

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

See methodology.

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