Trade route overview
See the latest reported exports, the products that need a closer look, and the conditions that may make this route harder to plan.
What this page shows
In 2024, South Korea reported $31.4M in goods exports to Iceland. 1 product types are marked for closer review, covering 19% of reported exports. This is not a forecast and does not mean trade will stop. It shows where to look more closely at demand, annual changes, product mix, tariffs, and buyer-market conditions.
How to read this page
This page separates the size of the trade from the conditions worth checking and the product types that make up the route.
This is the reported value of goods exported from South Korea to Iceland in the latest available year.
$31.4M in 2024It marks product types where one or more conditions deserve a closer look. It is not a prediction, a guaranteed loss, or a warning that trade will stop.
19% needs reviewEach row is one HS6 product code. HS6 is the international six-digit code used to describe and compare traded goods.
30 product typesStart with the products
Compare the products, their buyer-market size, and the conditions that deserve a closer look.
Export history
The latest twelve years of reported exports from South Korea to Iceland. Bar lengths are relative to the highest year shown.
Why this route needs review
A dollar amount can appear in more than one row. These rows show the conditions linked to the route; they are not separate losses.
How to read the numbers
These measures describe yearly swings, the gap from the route's highest year, and how concentrated the product mix is.
Largest product
Product code HS6 870380 makes up 19% of exports from South Korea to Iceland. The main reason to review it is: Some product types remain below their previous high.
See product rowsProducts to review
Each row is one six-digit HS6 product code. Compare the buyer market's imports, the product's fall from its highest year, annual variation, and review level.
| Rank | Product and code | Buyer-market imports | Below product high | Yearly variation | Review level |
|---|---|---|---|---|---|
| 1 | Vehicles: with only electric motor for propulsionHS6 870380 - six-digit product code | $78.3M | 84.4% | 1.2 | High attention |
| 2 | Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity exceeding 1500cc but not exceeding 2500ccHS6 870332 - six-digit product code | $37.7M | 72.2% | 0.9 | Watch |
| 3 | Vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, capable of being charged by plugging to external source of electric powerHS6 870360 - six-digit product code | $77.7M | 40.3% | 0.8 | Stable |
| 4 | Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccHS6 870321 - six-digit product code | $14.5M | 21.7% | 1.3 | Watch |
| 5 | Boards, panels, consoles, desks and other bases: for electric control or the distribution of electricity, (other than switching apparatus of heading no. 8517), for a voltage exceeding 1000 voltsHS6 853720 - six-digit product code | $19.0M | 0% | 2 | Watch |
| 6 | Rubber: new pneumatic tyres, of a kind used on motor cars (including station wagons and racing cars)HS6 401110 - six-digit product code | $26.4M | 0.5% | 0.4 | Stable |
| 7 | Cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations)HS6 330499 - six-digit product code | $25.8M | 52.8% | 1.7 | Watch |
| 8 | Mechanical shovels, excavators and shovel loaders: with a 360 degree revolving super structureHS6 842952 - six-digit product code | $27.8M | 67% | 0.9 | Watch |
| 9 | Electric accumulators: lithium-ion, including separators, whether or not rectangular (including square)HS6 850760 - six-digit product code | $10.1M | 0% | 2.8 | Watch |
| 10 | Chemical products, mixtures and preparations: n.e.c. heading 3824HS6 382499 - six-digit product code | $12.1M | 0% | 2.1 | Watch |
Buyer-market imports are total imports of that product into the buyer market, not only exports from South Korea. "Below product high" compares current exports with that product's highest reported year. Yearly variation is a calculated measure. Swipe sideways on a small screen to see every column.
Trade route conditions
Distance, tariffs, trade agreements, the buyer economy, and business rules add context to the export total.
Questions about this page
Definitions and limits for the figures above.
High attention means one or more conditions on these product types deserve a closer look. It is not a prediction that trade will stop or that a loss is certain.
South Korea reported $31.4M in goods exports to Iceland in 2024.
19% of reported route exports are linked to product types marked for closer review. This points to where to investigate further.
An HS6 code is the international six-digit code used to describe and compare traded goods.
The page shows yearly export changes, product concentration, tariffs, distance, trade-agreement coverage, buyer-economy context, and business setup time where reported.
No. These are reported or calculated observations, not forecasts or guarantees.
Explore next
Use these pages when you need more detail before making a market or route decision.
Continue your research
Use the workspace to investigate which products, buyer conditions, and routes deserve attention.
Data source
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.