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Iceland Trade Summary

1988

Iceland exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR ICELAND 1988

Overall Exports and Imports for Iceland 1988

Exports and imports of Iceland in 1988 are below, along with number of countries and products

  • The total value of exports (FoB) was 1,503 million.
  • The total value of imports (CIF) was 1,667 million.
  • At the HS6 digit level, 516 products were exported to 75 countries and 4,261 products were imported from 103 countries.

Iceland top 5 Export and Import partners 1988

Top five countries to which Iceland exported in 1988 are below, along with the percent of total exports that went to that country:

  1. Iceland exports to United Kingdom worth US$ 349 million, with a partner share of 23.26 percent.
  2. Iceland exports to United States worth US$ 204 million, with a partner share of 13.58 percent.
  3. Iceland exports to Germany worth US$ 155 million, with a partner share of 10.32 percent.
  4. Iceland exports to Portugal worth US$ 128 million, with a partner share of 8.50 percent.
  5. Iceland exports to Japan worth US$ 115 million, with a partner share of 7.63 percent.

Top five countries from which Iceland imported goods in 1988 are below, along with percent of total imports that came from the country :

  1. Iceland imports from Germany worth US$ 236 million, with a partner share of 14.19 percent.
  2. Iceland imports from Denmark worth US$ 154 million, with a partner share of 9.24 percent.
  3. Iceland imports from Norway worth US$ 150 million, with a partner share of 8.98 percent.
  4. Iceland imports from Sweden worth US$ 146 million, with a partner share of 8.77 percent.
  5. Iceland imports from United Kingdom worth US$ 136 million, with a partner share of 8.17 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 1988

The top five exported HS 6 digit level products to world by Iceland along with trade value are:

  1. Iceland exported Frozen fish fillets , worth US$ 303,858.53 million.
  2. Iceland exported Cod salted or in brine but not dried or smoked , worth US$ 184,985.60 million.
  3. Iceland exported Aluminium unwrought, not alloyed , worth US$ 161,469.01 million.
  4. Iceland exported Frozen shrimps and prawns , worth US$ 96,985.95 million.
  5. Iceland exported Flours, meals and pellets of fish, etc, unfit f , worth US$ 90,353.41 million.

The top five imported HS 6 digit level products from world by Iceland along with trade value are

  1. Iceland imported Fishing vessels and factory ships , worth US$ 97,967.46 million.
  2. Iceland imported Automobiles with reciprocating piston engine di , worth US$ 54,637.36 million.
  3. Iceland imported Aluminium oxide, other than artificial corundum , worth US$ 29,783.51 million.
  4. Iceland imported Carbon or graphite electrodes, of a kind used f , worth US$ 26,680.81 million.
  5. Iceland imported Automobiles with reciprocating piston engine di , worth US$ 26,366.53 million.

Exports and Imports of Product Groups 1988

Exports and imports of products by stages of processing in 1988 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1988

Tariffs imposed by Iceland in 1988 are below

  • The maximum rate of tariff in percentage on any product was not available percent.
  • The simple average tariff across all products was not available percent.
  • The trade weighted average tariff was not available .
  • The total duty free imports in thousands of US dollars were not available and duty free tariff line items share was not available percent.

Development Indicators 1988

Key Development Indicators of Iceland in 1988 are below

  • Iceland GDP in current US dollar was 6,107 million.
  • GNI per capita, Atlas method (current US$) was not available .
  • Iceland Trade balance: as % of GDP was -0.98.
  • Trade balance in current US$ was -60.00 million.
  • Trade as percentage of GDP was 63.56 .
  • Trade in services as percentage of GDP was 17.48 .

Trade Indicators 1988

Trade Indicators for Iceland in 1988 are below

  • Hirschman Herfindahl market concentration index was 0.14.
  • Index of export market penetration was 2.95.
  • World Growth in percentage was not available and Iceland Country Growth was not available .