What is the price of wine in Iceland?

As of January 2025, wine in Iceland is US$ 7.19 per kg (1,007 ISK), sourced from UN Comtrade (unit value).

Wine Price in Iceland - June 2026 Market Prices (Updated Monthly)

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Wine Price History & Trend
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Wine Prices in Iceland

US$ 7.19 / kg

1,007 ISK / kg

MoM ▼ 59.9% YoY ▼ 59.9%

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)	7.19	1,007	▼ 59.9%	▼ 59.9%	UN Comtrade (unit value)

As of June 2026, the wine price in Iceland available is US$ 7.19 per kg (1,007 ISK), down 59.9% year-on-year.

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Wine Price History & Trend

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

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Use this data freely with attribution to Selina Wamucii.

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Production, Exports, Imports & HS Codes — wine in Iceland

Exports UN Comtrade · 2024

In 2024, Iceland exported $97.4K (5.4 t) of wine▲ 7.1% YoY. That ranks #91 worldwide (0% of global exports).

$97.4K

Export value

5.4 t

Export volume

#91 / 112

World rank

Global share

$17.95

Avg export price / kg

Export value by year (US$)

Export volume by year

Top wine exporters worldwide UN Comtrade · 2024

#1 France $7.64B · 30%
#2 Italy $5.52B · 21.7%
#3 Spain $1.91B · 7.5%
#4 Australia $1.36B · 5.3%
#5 Chile $1.31B · 5.2%

Annual export data Iceland · UN Comtrade

Year	Export value (US$)	Volume	Avg price/kg
2024	$97.4K	5.4 t	$17.95
2023	$91K	3.6 t	$25.24
2022	$26.7K	4.3 t	$6.19
2021	$47.3K	6.7 t	$7.08
2020	$79.5K	10.7 t	$7.41

Production FAOSTAT · 2023

Iceland produced 0 t of wine in 2023.

0 t

Production

Production by year (tonnes)

HS Code

wine is traded under Harmonized System code 2204.21. Trade figures above are compiled for this HS heading.

Sources: trade & HS — UN Comtrade; production — FAOSTAT (FAO). Values are official reported figures.

Iceland wine - Production, Exports, Imports, Seasons and HS Codes

The volume of wine exported by Iceland in 2020 was 20 metric tons. In 2019 Iceland exported 36 tonnes of wine. Through 2019 alone, the interest in Iceland wine (processed category) has escalated, changing by 33.333 % compared to the year 2018. Between 2017 and 2019, wine's exports grew by 38.46 pc earning the nation US$0.14m for the year 2019. Iceland's wine exports are categorised as:

Grape must, of an actual alcoholic strength of > 0,5% vol (excluding grape must whose fermentation has been arrested by the addition of alcohol) (HS code 220430)
Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of > 2 l (excluding sparkling wine) (HS code 220429)
Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances, in containers of > 2 l (HS code 220590)
Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of > 2 l but <= 10 l (excl. sparkling wine) (HS code 220422)
Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of <= 2 l (excluding sparkling wine) (HS code 220421)
Sparkling wine of fresh grapes (HS code 220410)
Cider, perry, mead and other fermented beverages and mixtures of fermented beverages and non-alcoholic beverages, n.e.s. (excluding beer, wine or fresh grapes, grape must, vermouth and other wine of fresh grapes flavoured with plants or aromatic substances) (HS code 220600)
Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances, in containers of <= 2 l (HS code 220510)

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Iceland wine export values

In 2019, Iceland exported wine with a value of 0.14m USD, a decrease of -15.66% from 2018's total wine export of 0.166m USD. The annual change in value of Iceland wine between 2017 to 2018 was -40.714 per cent.

The annual change in the volume of Iceland's wine exports between 2017 and 2019 was 38.46 percent compared to a variation of 33.333% in the period between 2018 and 2019.

Iceland's stake of the world's total wine's exports in 2019 was less than 1%. The country is ranked position 36 in world exports of wine.

Export markets for Iceland wine ( in '000$ )

Iceland's leading destinations for wine are United Kingdom (UK), Spain, Sweden, Norway and the Netherlands.

Import/Export Trends

Iceland is a net exporter of wine. The annual growth of Iceland wine in value between 2015 to 2019 was 53%, per annum, while annual growth in quantity for the same period was 41%, per annum.

Iceland ordered 5,254 tonnes of wine in 2019.

Wine Prices Across Europe

Compare the latest wine prices in other Europe countries:

Russia$1.21/kg France$8.22/kg Poland$2.91/kg Denmark$7.57/kg Hungary$1.78/kg Luxembourg$4.41/kg Netherlands$5.51/kg Georgia$2.97/kg Bulgaria$2.60/kg Spain$3.23/kg Switzerland$81.20/kg Ireland$2.93/kg Romania$2.51/kg Estonia$6.37/kg Italy$4.94/kg

Other Processed Prices in Iceland

Latest prices for other processed in Iceland:

Miso$5.75/kg Black Tea$28.36/kg Milk & Cream$3.80/kg Raw Hides & Skins$0.65/kg Olive Oil$4.73/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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