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Iceland Trade Summary

1994

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 1994

Overall Exports and Imports for Iceland 1994

Exports and imports of Iceland in 1994 are below, along with number of countries and products

  • The total value of exports (FoB) was 1,627 million.
  • The total value of imports (CIF) was 1,472 million.
  • At the HS6 digit level, 604 products were exported to 76 countries and 4,136 products were imported from 114 countries.

Iceland top 5 Export and Import partners 1994

Top five countries to which Iceland exported in 1994 are below, along with the percent of total exports that went to that country:

  1. Iceland exports to United Kingdom worth US$ 331 million, with a partner share of 20.35 percent.
  2. Iceland exports to United States worth US$ 236 million, with a partner share of 14.49 percent.
  3. Iceland exports to Japan worth US$ 229 million, with a partner share of 14.09 percent.
  4. Iceland exports to Germany worth US$ 209 million, with a partner share of 12.84 percent.
  5. Iceland exports to France worth US$ 118 million, with a partner share of 7.23 percent.

Top five countries from which Iceland imported goods in 1994 are below, along with percent of total imports that came from the country :

  1. Iceland imports from Norway worth US$ 211 million, with a partner share of 14.30 percent.
  2. Iceland imports from Germany worth US$ 165 million, with a partner share of 11.22 percent.
  3. Iceland imports from United Kingdom worth US$ 145 million, with a partner share of 9.86 percent.
  4. Iceland imports from Denmark worth US$ 132 million, with a partner share of 9.00 percent.
  5. Iceland imports from United States worth US$ 131 million, with a partner share of 8.90 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 1994

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 386,832.54 (US$ Thousands).
  2. Iceland exported Aluminium unwrought, not alloyed , worth 155,182.96 (US$ Thousands).
  3. Iceland exported Shrimps and prawns, prepared or preserved , worth 152,535.49 (US$ Thousands).
  4. Iceland exported Frozen fish, nes , worth 123,096.22 (US$ Thousands).
  5. Iceland exported Cod salted or in brine but not dried or smoked , worth 111,527.72 (US$ Thousands).

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 57,011.30 (US$ Thousands).
  2. Iceland imported Aluminium oxide, other than artificial corundum , worth 31,533.16 (US$ Thousands).
  3. Iceland imported Automobiles with reciprocating piston engine di , worth 25,824.35 (US$ Thousands).
  4. Iceland imported Carbon or graphite electrodes, of a kind used f , worth 24,485.78 (US$ Thousands).
  5. Iceland imported Other medicaments of mixed or unmixed products, , worth 21,977.70 (US$ Thousands).

Exports and Imports of Product Groups 1994

Exports and imports of products by stages of processing in 1994 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1994

Tariffs imposed by Iceland in 1994 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 1994

Key Development Indicators of Iceland in 1994 are below

  • Iceland GDP in current US dollar was 6,389 million.
  • GNI per capita, Atlas method (current US$) was not available .
  • Iceland Trade balance: as % of GDP was 4.97.
  • Trade balance in current US$ was 318.00 million.
  • Trade as percentage of GDP was 65.50 .
  • Trade in services as percentage of GDP was 18.73 .

Trade Indicators 1994

Trade Indicators for Iceland in 1994 are below

  • Hirschman Herfindahl market concentration index was 0.11.
  • Index of export market penetration was 2.32.
  • World Growth in percentage was 15.29 and Iceland Country Growth was 10.58 .