2022
Exports
$7.11kWorld Rnk 136 / 166
Flag Rnk 609 / 935
2022
PRODUCT COMPLEXITY IN Locust beans, seaweed, sugar beet, cane, for food
-1.76Rnk 977 / 1025
2022
Imports
$231kWorld Rnk 105 / 197
Flag Rnk 771 / 1186

About

Exports In 2022, Iceland exported $7.11k in Locust beans, seaweed, sugar beet, cane, for food, making it the 136th largest exporter of Locust beans, seaweed, sugar beet, cane, for food in the world. At the same year, Locust beans, seaweed, sugar beet, cane, for food was the 609th most exported product in Iceland. The main destination of Locust beans, seaweed, sugar beet, cane, for food exports from Iceland are: United States ($7.09k) and Denmark ($20).

The fastest growing export markets for Locust beans, seaweed, sugar beet, cane, for food of Iceland between 2021 and 2022 were United States ($7.09k) and Denmark ($20).

Imports In 2022, Iceland imported $231k in Locust beans, seaweed, sugar beet, cane, for food, becoming the 105th largest importer of Locust beans, seaweed, sugar beet, cane, for food in the world. At the same year, Locust beans, seaweed, sugar beet, cane, for food was the 771st most imported product in Iceland. Iceland imports Locust beans, seaweed, sugar beet, cane, for food primarily from: Denmark ($114k), China ($65k), Netherlands ($28.1k), Belgium ($15.2k), and Italy ($1.69k).

The fastest growing import markets in Locust beans, seaweed, sugar beet, cane, for food for Iceland between 2021 and 2022 were Denmark ($107k), Netherlands ($15.8k), and China ($3.1k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 Locust beans, seaweed, sugar beet, cane, for food. 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)$7.11k
IMPORTS (2022)$231k
NET TRADE (2022)-$224k

In 2022, Iceland exported $7.11k in Locust beans, seaweed, sugar beet, cane, for food. The main destinations of Iceland exports on Locust beans, seaweed, sugar beet, cane, for food were United States ($7.09k) and Denmark ($20).

In 2022, Iceland imported $231k in Locust beans, seaweed, sugar beet, cane, for food, mainly from Denmark ($114k), China ($65k), Netherlands ($28.1k), Belgium ($15.2k), and Italy ($1.69k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locust beans, seaweed, sugar beet, cane, for food EXPORT MARKETS FOR Iceland WERE (2021 - 2022):
United States$7.09k (1%)
Denmark$20 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locust beans, seaweed, sugar beet, cane, for food BY Iceland WERE (2021 - 2022):
Ireland-$13 (-100%)
Austria-$9 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Iceland's main exporting competitors in Locust beans, seaweed, sugar beet, cane, for food were:
In 2022, Iceland's main importing competitors in Locust beans, seaweed, sugar beet, cane, for food were:
Italy $253M
China $202M
Spain $182M

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Trade Value of Locust beans, seaweed, sugar beet, cane, for food by Exporters

Potential Exports

Potential Exports

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N/A
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Locust beans, seaweed, sugar beet, cane, for food’s highest export potential is N/A. With an export gap of N/A.   Locust beans, seaweed, sugar beet, cane, for food’s highest import potential is N/A with an import gap of N/A.

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