Overall Exports and Imports for Iceland 2021
- The total value of exports (FOB) is US$ 5,974 million.
- The total value of imports (CIF) is US$ 7,838 million.
- At the HS6 digit level, 1,772 products are exported to 138 countries and 4,125 products are imported from 182 countries.
Top 5 Products exports imports at HS 6 digit level 2021
The top five exported HS 6 digit level products to world by Iceland along with trade value are:
- Iceland exported Aluminium unwrought, not alloyed , worth US$ 1,718,578.75 million.
- Iceland exported Frozen fish fillets , worth US$ 518,895.18 million.
- Iceland exported Fresh or chilled fish fillets , worth US$ 499,111.91 million.
- Iceland exported Aluminium unwrought, alloyed , worth US$ 246,482.18 million.
- Iceland exported Wire,aluminium,not alloyed,with a max cross sec , worth US$ 208,634.73 million.
The top five imported HS 6 digit level products from world by Iceland along with trade value are
- Iceland imported Aluminium oxide, other than artificial corundum , worth US$ 592,877.91 million.
- Iceland imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 535,409.49 million.
- Iceland imported Automobiles nes including gas turbine powered , worth US$ 444,143.37 million.
- Iceland imported Carbon or graphite electrodes, of a kind used f , worth US$ 307,461.44 million.
- Iceland imported Other medicaments of mixed or unmixed products, , worth US$ 195,352.59 million.
Iceland top 5 Export and Import partners 2021
The top five countries to which Iceland exported 2021 along with the partner share in percentage are:
- Iceland exports to Netherlands worth US$ 1,625 million, with a partner share of 27.21 percent.
- Iceland exports to Spain worth US$ 706 million, with a partner share of 11.81 percent.
- Iceland exports to United Kingdom worth US$ 572 million, with a partner share of 9.58 percent.
- Iceland exports to France worth US$ 480 million, with a partner share of 8.04 percent.
- Iceland exports to United States worth US$ 464 million, with a partner share of 7.77 percent.
The top five countries to which Iceland imported goods 2021 along with the share in percentage are
- Iceland imports from Norway worth US$ 761 million, with a partner share of 9.71 percent.
- Iceland imports from China worth US$ 695 million, with a partner share of 8.87 percent.
- Iceland imports from Germany worth US$ 669 million, with a partner share of 8.54 percent.
- Iceland imports from United States worth US$ 645 million, with a partner share of 8.23 percent.
- Iceland imports from Denmark worth US$ 596 million, with a partner share of 7.61 percent.
Iceland Exports and Imports of Product Groups 2021
Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import.
- Iceland Raw materials exports are worth US$ 2,095 million, product share of 35.07%.
- Iceland Raw materials imports are worth US$ 357 million, product share of 4.56%.
- Iceland Intermediate goods exports are worth US$ 3,011 million, product share of 50.40%.
- Iceland Intermediate goods imports are worth US$ 1,449 million, product share of 18.48%.
- Iceland Consumer goods exports are worth US$ 511 million, product share of 8.56%.
- Iceland Consumer goods imports are worth US$ 3,632 million, product share of 46.34%.
- Iceland Capital goods exports are worth US$ 315 million, product share of 5.27%.
- Iceland Capital goods imports are worth US$ 2,399 million, product share of 30.61%.
Iceland Trade Indicators 2021
- Hirschman Herfindahl Market concentration index is 0.13.
- Index of export market penetration is 0.13.
- World Growth in percentage is 0.13 and Iceland Country Growth is 18.60.
Iceland Service Trade data from WDI 2021
- Iceland, Service imports (BoP, current US$) is 2,901,699,836.82.
- Iceland, Service exports (BoP, current US$) is 3,504,606,921.43.
- Iceland, Imports of goods and services as percentage of GDP is 39.42 %.
- Iceland, Exports of goods and services as percentage of GDP is 37.37 %.