What is the price of milk & cream in Iceland?

As of January 2025, milk & cream in Iceland is US$ 3.80 per kg (532 ISK), sourced from UN Comtrade (unit value).

What is Iceland's world rank for milk & cream exports?

Iceland ranks #101 out of 113 exporters.

What was the export value of milk & cream from Iceland in 2024?

The export value was US$17,377.

Milk & Cream Price in Iceland - June 2026 Market Prices (Updated Monthly)

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Current Milk & Cream Prices in Iceland
Milk & Cream Price History & Trend
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Milk & Cream Prices in Iceland

US$ 3.80 / kg

532 ISK / kg

MoM ▼ 60.6% YoY ▼ 60.6%

Checked: Jun 9, 2026

Price as of: January 2025

Source: UN Comtrade (unit value)

Variety	Market level	Price (US$/kg)	Local (ISK)	MoM	YoY	Source
-	Export (unit value)	3.80	532	▼ 60.6%	▼ 60.6%	UN Comtrade (unit value)

As of June 2026, the milk & cream price in Iceland available is US$ 3.80 per kg (532 ISK), down 60.6% year-on-year.

Iceland exported 2 tonnes of milk & cream in 2024, valued at US$17,377, ranking #101 out of 113 exporters and accounting for 0.0% of global exports. The export value increased by 142.9% year-on-year. Iceland is a net exporter of milk & cream. The latest export unit value is US$3.7999 per kg.

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Milk & Cream Price History & Trend

We are building a dedicated milk & cream price series for Iceland history. The trend line shown is the closest commodity benchmark, for reference only.

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Production, Exports, Imports & HS Codes - milk & cream in Iceland

Exports UN Comtrade · 2024

In 2024, Iceland exported $17.4K (1.8 t) of milk & cream▲ 142.9% YoY. That ranks #101 worldwide (0% of global exports).

$17.4K

Export value

1.8 t

Export volume

#101 / 113

World rank

Global share

$9.65

Avg export price / kg

Export value by year (US$)

Export volume by year

Top milk & cream exporters worldwide UN Comtrade · 2024

#1 Germany $1.67B · 13.5%
#2 Netherlands $1.43B · 11.6%
#3 Belgium $1.21B · 9.8%
#4 France $939.8M · 7.6%
#5 New Zealand $938.7M · 7.6%

Annual export data Iceland · UN Comtrade

Year	Export value (US$)	Volume	Avg price/kg
2024	$17.4K	1.8 t	$9.65
2023	$7.2K	2 t	$3.56
2022	$7.8K	1.6 t	$4.75
2021	$12K	10 t	$1.2
2020	$6.2K	1.6 t	$3.79

HS Code

milk & cream is traded under Harmonized System code 0401. Trade figures above are compiled for this HS heading.

Sources: trade & HS - UN Comtrade. Values are official reported figures.

Iceland milk & cream - Production, Exports, Imports, Seasons and HS Codes

The volume of milk & cream shipped by Iceland in 2020 was 638 metric tonnes. In 2019 Iceland shipped 358 tonnes of milk & cream. In 2019 alone, the interest in Iceland milk & cream (processed category) has decreased, with a change of -28.257 pc compared to the year 2018. Between 2017 and 2019, milk & cream's exports went up by 69.67% netting the country US$0.79m for the year 2019. Iceland's milk & cream exports are classified as:

Milk and cream of a fat content by weight of > 1% but <= 6%, not concentrated nor containing added sugar or other sweetening matter (HS code 040120)
Milk and cream in solid forms, of a fat content by weight of > 1,5%, unsweetened (HS code 040221)
Milk and cream of a fat content by weight of > 10%, not concentrated nor containing added sugar or other sweetening matter (HS code 040150)
Milk and cream of a fat content by weight of > 6%, not concentrated nor containing added sugar or other sweetening matter (HS code 040130)
Products consisting of natural milk constituents, whether or not sweetened, n.e.s. (HS code 040490)
Milk and cream of a fat content by weight of <= 1%, not concentrated nor containing added sugar or other sweetening matter (HS code 040110)
Milk and cream of a fat content by weight of > 6% but <= 10%, not concentrated nor containing added sugar or other sweetening matter (HS code 040140)
Milk and cream, concentrated and sweetened (excluding in solid forms) (HS code 040299)
Milk and cream in solid forms, of a fat content by weight of <= 1,5% (HS code 040210)
Milk and cream in solid forms, of a fat content by weight of > 1,5%, sweetened (HS code 040229)
Milk and cream, concentrated but unsweetened (excluding in solid forms) (HS code 040291)

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Iceland milk & cream export values

In 2019, Iceland sold milk & cream worth 0.79m USD, a reduction of -8.67% from 2018's total milk & cream export of 0.865m USD. The annual reduction in value of Iceland milk & cream between 2017 to 2018 was 101.632 pc.

The annual/yearly variation in the volume of Iceland's milk & cream exports between 2017 and 2019 was 69.67 per cent when compared to a variation of -28.257% in the growth rate between 2018 and 2019.

Iceland's stake of the world's total milk & cream's exports in 2019 was 11.5 percent. The country holds number 4 in world exports of milk & cream.

Export markets for Iceland milk & cream ( in '000$ )

Iceland's best performing destinations for milk & cream are Switzerland, US, United Kingdom (UK), the Netherlands and Germany.

Import/Export Trends

Iceland is a net exporter of milk & cream. The annual growth of Iceland milk & cream in value between 2015 to 2019 was 23%, per annum, while annual growth in quantity during the same period was 12%, per annum.

Iceland ordered 126 tonnes of milk & cream in 2019.

Milk & Cream Prices Across Europe

Compare the latest milk & cream prices in other Europe countries:

Finland$2.86/kg Belgium$1.22/kg Albania$0.62/kg Croatia$1.41/kg Estonia$0.67/kg France$0.97/kg United Kingdom (UK)$0.46/kg Italy$2.40/kg Poland$0.88/kg Russia$0.80/kg Bosnia and Herzegovina$0.87/kg Czech Republic$0.68/kg Georgia$1.15/kg Greece$1.25/kg Luxembourg$0.75/kg

Other Processed Prices in Iceland

Latest prices for other processed in Iceland:

Miso$5.75/kg Black Tea$28.36/kg Raw Hides & Skins$0.65/kg Olive Oil$4.73/kg Wine$7.19/kg Butter$7.50/kg Cocoa Butter$1.81/kg Green Tea$3.68/kg Kefir & Buttermilk$2.35/kg Natural Honey$11.69/kg Rice flour$0.44/kg Almond butter$6.22/kg

Scientific name: N

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