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Iceland Trade Summary

1998

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 1998

Overall Exports and Imports for Iceland 1998

Exports and imports of Iceland in 1998 are below, along with number of countries and products

  • The total value of exports (FoB) was 1,931 million.
  • The total value of imports (CIF) was 2,483 million.
  • At the HS6 digit level, 1,147 products were exported to 95 countries and 4,089 products were imported from 124 countries.

Iceland top 5 Export and Import partners 1998

Top five countries to which Iceland exported in 1998 are below, along with the percent of total exports that went to that country:

  1. Iceland exports to United Kingdom worth US$ 366 million, with a partner share of 18.96 percent.
  2. Iceland exports to Germany worth US$ 290 million, with a partner share of 15.00 percent.
  3. Iceland exports to United States worth US$ 255 million, with a partner share of 13.20 percent.
  4. Iceland exports to France worth US$ 130 million, with a partner share of 6.75 percent.
  5. Iceland exports to Denmark worth US$ 105 million, with a partner share of 5.45 percent.

Top five countries from which Iceland imported goods in 1998 are below, along with percent of total imports that came from the country :

  1. Iceland imports from Germany worth US$ 284 million, with a partner share of 11.45 percent.
  2. Iceland imports from United States worth US$ 276 million, with a partner share of 11.10 percent.
  3. Iceland imports from United Kingdom worth US$ 240 million, with a partner share of 9.66 percent.
  4. Iceland imports from Norway worth US$ 228 million, with a partner share of 9.18 percent.
  5. Iceland imports from Denmark worth US$ 191 million, with a partner share of 7.67 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 1998

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 407,371.42 (US$ Thousands).
  2. Iceland exported Aluminium unwrought, not alloyed , worth 260,339.73 (US$ Thousands).
  3. Iceland exported Flours, meals and pellets of fish, etc, unfit f , worth 166,713.42 (US$ Thousands).
  4. Iceland exported Shrimps and prawns, prepared or preserved , worth 161,400.08 (US$ Thousands).
  5. Iceland exported Cod salted or in brine but not dried or smoked , worth 160,440.83 (US$ Thousands).

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 94,908.14 (US$ Thousands).
  2. Iceland imported Aluminium oxide, other than artificial corundum , worth 78,797.30 (US$ Thousands).
  3. Iceland imported Fishing vessels and factory ships , worth 59,379.08 (US$ Thousands).
  4. Iceland imported Carbon or graphite electrodes, of a kind used f , worth 51,473.63 (US$ Thousands).
  5. Iceland imported Aircraft nes of an unladen weight exceeding 15, , worth 49,237.90 (US$ Thousands).

Exports and Imports of Product Groups 1998

Exports and imports of products by stages of processing in 1998 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1998

Tariffs imposed by Iceland in 1998 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 7.41 percent.
  • The trade weighted average tariff was 4.51 .
  • The total duty free imports in thousands of US dollars were 1,682,104.68 and duty free tariff line items share was 58.79 percent.

Development Indicators 1998

Key Development Indicators of Iceland in 1998 are below

  • Iceland GDP in current US dollar was 8,504 million.
  • GNI per capita, Atlas method (current US$) was 29,270.00 .
  • Iceland Trade balance: as % of GDP was -4.35.
  • Trade balance in current US$ was -370.00 million.
  • Trade as percentage of GDP was 71.88 .
  • Trade in services as percentage of GDP was 22.23 .

Trade Indicators 1998

Trade Indicators for Iceland in 1998 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 2.51.
  • World Growth in percentage was -0.47 and Iceland Country Growth was 3.28 .