Iceland Trade Summary

1998 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): 1,931
No. Of products: 1,147
No. Of partners: 95
Importsmore »
Imports (in US$ Mil): 2,483
No. Of products: 4,089
No. Of partners: 124

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Frozen fish fillets407,371.42
Aluminium unwrought, ...260,339.73
Flours, meals and pe ...166,713.42
Shrimps and prawns, ...161,400.08
Cod salted or in bri ...160,440.83
Imports (US$ Thousands)
Automobiles with rec ...94,908.14
Aluminium oxide, oth ...78,797.30
Fishing vessels and ...59,379.08
Carbon or graphite e ...51,473.63
Aircraft nes of an u ...49,237.90

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United Kingdom366 18.96
Germany290 15.00
United States255 13.20
France130 6.75
Denmark105 5.45
Exporter Trade (US$ Mil) Partner share(%)
Germany284 11.45
United States276 11.10
United Kingdom240 9.66
Norway228 9.18
Denmark191 7.67

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials769 39.83 137 5.53 24.33
Intermediate goods787 40.76 415 16.70 1.42
Consumer goods287 14.84 982 39.57 6.20
Capital goods76 3.96 830 33.45 0.53

Trade Indicators

more »
HH Market concentration index: 0.09
Index of export market penetration: 2.51
World Growth: -0.47
Country Growth: 3.28

Tariffs

more »
No Of Tariff Agreement: 2
Maximum Rate (%): 3,000
Simple Average (%): 7.41
Weighted Average (%): 4.51
Duty Free Imports (US$ Thousand): 1,682,104.68
Duty Free Tariff Lines Share (%): 58.79

Development Indicators

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GDP (current US$ Mil): 8,468
GNI per capita, Atlas method (current US$): 29,260.00
Trade Balance (% of GDP): -4.37
Trade Balance (current US$ Mil): -370.00
Trade in services (% of GDP): 0.07
Trade (% of GDP): 72.19