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Iceland Trade Summary

1997

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 1997

Overall Exports and Imports for Iceland 1997

Exports and imports of Iceland in 1997 are below, along with number of countries and products

  • The total value of exports (FoB) was 1,851 million.
  • The total value of imports (CIF) was 2,019 million.
  • At the HS6 digit level, 886 products were exported to 91 countries and 4,189 products were imported from 122 countries.

Iceland top 5 Export and Import partners 1997

Top five countries to which Iceland exported in 1997 are below, along with the percent of total exports that went to that country:

  1. Iceland exports to United Kingdom worth US$ 350 million, with a partner share of 18.91 percent.
  2. Iceland exports to United States worth US$ 264 million, with a partner share of 14.25 percent.
  3. Iceland exports to Germany worth US$ 242 million, with a partner share of 13.07 percent.
  4. Iceland exports to Japan worth US$ 123 million, with a partner share of 6.63 percent.
  5. Iceland exports to France worth US$ 117 million, with a partner share of 6.34 percent.

Top five countries from which Iceland imported goods in 1997 are below, along with percent of total imports that came from the country :

  1. Iceland imports from Germany worth US$ 237 million, with a partner share of 11.76 percent.
  2. Iceland imports from Norway worth US$ 233 million, with a partner share of 11.52 percent.
  3. Iceland imports from United Kingdom worth US$ 204 million, with a partner share of 10.11 percent.
  4. Iceland imports from United States worth US$ 190 million, with a partner share of 9.42 percent.
  5. Iceland imports from Denmark worth US$ 174 million, with a partner share of 8.63 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 1997

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$ 322,047.68 million.
  2. Iceland exported Aluminium unwrought, not alloyed , worth US$ 214,404.94 million.
  3. Iceland exported Shrimps and prawns, prepared or preserved , worth US$ 172,127.71 million.
  4. Iceland exported Flours, meals and pellets of fish, etc, unfit f , worth US$ 157,658.18 million.
  5. Iceland exported Cod salted or in brine but not dried or smoked , worth US$ 132,241.02 million.

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

  1. Iceland imported Automobiles with reciprocating piston engine di , worth US$ 71,506.62 million.
  2. Iceland imported Fishing vessels and factory ships , worth US$ 41,991.32 million.
  3. Iceland imported Carbon or graphite electrodes, of a kind used f , worth US$ 37,209.19 million.
  4. Iceland imported Aluminium oxide, other than artificial corundum , worth US$ 32,480.51 million.
  5. Iceland imported Other medicaments of mixed or unmixed products, , worth US$ 32,056.68 million.

Exports and Imports of Product Groups 1997

Exports and imports of products by stages of processing in 1997 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1997

Tariffs imposed by Iceland in 1997 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 1997

Key Development Indicators of Iceland in 1997 are below

  • Iceland GDP in current US dollar was 7,570 million.
  • GNI per capita, Atlas method (current US$) was 28,480.00 .
  • Iceland Trade balance: as % of GDP was 0.46.
  • Trade balance in current US$ was 35.00 million.
  • Trade as percentage of GDP was 70.61 .
  • Trade in services as percentage of GDP was 21.23 .

Trade Indicators 1997

Trade Indicators for Iceland in 1997 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 2.48.
  • World Growth in percentage was 3.05 and Iceland Country Growth was -1.90 .