Loading..

Iceland Trade Summary

1996

Iceland exports, imports, tariff by year.

Country and Region
Year
For at a glance i.e. latest available trade, tariff, trade barriers and other trade related data Click Here.
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 1996

Overall Exports and Imports for Iceland 1996

Exports and imports of Iceland in 1996 are below, along with number of countries and products

  • The total value of exports (FoB) was 1,897 million.
  • The total value of imports (CIF) was 2,042 million.
  • At the HS6 digit level, 839 products were exported to 90 countries and 4,132 products were imported from 117 countries.

Iceland top 5 Export and Import partners 1996

Top five countries to which Iceland exported in 1996 are below, along with the percent of total exports that went to that country:

  1. Iceland exports to United Kingdom worth US$ 360 million, with a partner share of 18.96 percent.
  2. Iceland exports to Germany worth US$ 244 million, with a partner share of 12.85 percent.
  3. Iceland exports to United States worth US$ 234 million, with a partner share of 12.34 percent.
  4. Iceland exports to Japan worth US$ 186 million, with a partner share of 9.79 percent.
  5. Iceland exports to Denmark worth US$ 137 million, with a partner share of 7.20 percent.

Top five countries from which Iceland imported goods in 1996 are below, along with percent of total imports that came from the country :

  1. Iceland imports from Norway worth US$ 276 million, with a partner share of 13.52 percent.
  2. Iceland imports from Germany worth US$ 222 million, with a partner share of 10.88 percent.
  3. Iceland imports from United Kingdom worth US$ 208 million, with a partner share of 10.20 percent.
  4. Iceland imports from United States worth US$ 193 million, with a partner share of 9.44 percent.
  5. Iceland imports from Denmark worth US$ 170 million, with a partner share of 8.35 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 1996

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 336,305.38 (US$ Thousands).
  2. Iceland exported Shrimps and prawns, prepared or preserved , worth 185,794.94 (US$ Thousands).
  3. Iceland exported Aluminium unwrought, not alloyed , worth 181,787.42 (US$ Thousands).
  4. Iceland exported Flours, meals and pellets of fish, etc, unfit f , worth 151,460.24 (US$ Thousands).
  5. Iceland exported Cod salted or in brine but not dried or smoked , worth 143,890.06 (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 69,707.76 (US$ Thousands).
  2. Iceland imported Automobiles with reciprocating piston engine di , worth 51,419.99 (US$ Thousands).
  3. Iceland imported Aluminium oxide, other than artificial corundum , worth 48,956.44 (US$ Thousands).
  4. Iceland imported Carbon or graphite electrodes, of a kind used f , worth 32,821.82 (US$ Thousands).
  5. Iceland imported Other medicaments of mixed or unmixed products, , worth 30,516.95 (US$ Thousands).

Exports and Imports of Product Groups 1996

Exports and imports of products by stages of processing in 1996 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1996

Tariffs imposed by Iceland in 1996 are below

  • The maximum rate of tariff in percentage on any product was 308.33 percent.
  • The simple average tariff across all products was 5.06 percent.
  • The trade weighted average tariff was 3.64 .
  • The total duty free imports in thousands of US dollars were 1,194,692.15 and duty free tariff line items share was 58.22 percent.

Development Indicators 1996

Key Development Indicators of Iceland in 1996 are below

  • Iceland GDP in current US dollar was 7,426 million.
  • GNI per capita, Atlas method (current US$) was not available .
  • Iceland Trade balance: as % of GDP was 0.49.
  • Trade balance in current US$ was 37.00 million.
  • Trade as percentage of GDP was 71.11 .
  • Trade in services as percentage of GDP was 19.98 .

Trade Indicators 1996

Trade Indicators for Iceland in 1996 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 2.51.
  • World Growth in percentage was 3.55 and Iceland Country Growth was 4.25 .