Iceland Trade Summary

1996 Data

Iceland exports, imports, tariff by year.

Country / 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

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 1,897
No. Of products: 839
No. Of partners: 90
Importsmore »
Imports (in US$ Mil): 2,042
No. Of products: 4,132
No. Of partners: 117

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Frozen fish fillets336,305.38
Shrimps and prawns, ...185,794.94
Aluminium unwrought, ...181,787.42
Flours, meals and pe ...151,460.24
Cod salted or in bri ...143,890.06
Imports (US$ Thousands)
Fishing vessels and ...69,707.76
Automobiles with rec ...51,419.99
Aluminium oxide, oth ...48,956.44
Carbon or graphite e ...32,821.82
Other medicaments of ...30,516.95

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United Kingdom360 18.96
Germany244 12.85
United States234 12.34
Japan186 9.79
Denmark137 7.20
Exporter Trade (US$ Mil) Partner share(%)
Norway276 13.52
Germany222 10.88
United Kingdom208 10.20
United States193 9.44
Denmark170 8.35

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials785 41.37 96 4.70 5.60
Intermediate goods680 35.86 357 17.49 1.16
Consumer goods324 17.10 829 40.62 6.22
Capital goods100 5.27 608 29.79 0.60

Trade Indicators

more »
HH Market concentration index: 0.09
Index of export market penetration: 2.51
World Growth: 3.55
Country Growth: 4.25

Tariffs

more »
No Of Tariff Agreement: 1
Maximum Rate (%): 308.33
Simple Average (%): 5.29
Weighted Average (%): 3.62
Duty Free Imports (US$ Thousand): 1,214,488.56
Duty Free Tariff Lines Share (%): 56.66

Development Indicators

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GDP (current US$ Mil): 7,502
GNI per capita, Atlas method (current US$): 27,320.00
Trade Balance (% of GDP): 0.54
Trade Balance (current US$ Mil): 40.00
Trade in services (% of GDP): 0.06
Trade (% of GDP): 70.38