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Iceland Trade Summary

1999

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 1999

Overall Exports and Imports for Iceland 1999

Exports and imports of Iceland in 1999 are below, along with number of countries and products

  • The total value of exports (FoB) was 2,010 million.
  • The total value of imports (CIF) was 2,315 million.
  • At the HS6 digit level, 1,253 products were exported to 94 countries and 4,235 products were imported from 129 countries.

Iceland top 5 Export and Import partners 1999

Top five countries to which Iceland exported in 1999 are below, along with the percent of total exports that went to that country:

  1. Iceland exports to United Kingdom worth US$ 395 million, with a partner share of 19.65 percent.
  2. Iceland exports to United States worth US$ 302 million, with a partner share of 15.05 percent.
  3. Iceland exports to Germany worth US$ 263 million, with a partner share of 13.08 percent.
  4. Iceland exports to Netherlands worth US$ 121 million, with a partner share of 6.01 percent.
  5. Iceland exports to France worth US$ 104 million, with a partner share of 5.18 percent.

Top five countries from which Iceland imported goods in 1999 are below, along with percent of total imports that came from the country :

  1. Iceland imports from Germany worth US$ 276 million, with a partner share of 11.92 percent.
  2. Iceland imports from United States worth US$ 252 million, with a partner share of 10.88 percent.
  3. Iceland imports from Norway worth US$ 241 million, with a partner share of 10.40 percent.
  4. Iceland imports from United Kingdom worth US$ 213 million, with a partner share of 9.21 percent.
  5. Iceland imports from Denmark worth US$ 188 million, with a partner share of 8.12 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 1999

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 438,499.74 (US$ Thousands).
  2. Iceland exported Aluminium unwrought, not alloyed , worth 312,530.98 (US$ Thousands).
  3. Iceland exported Cod salted or in brine but not dried or smoked , worth 185,683.36 (US$ Thousands).
  4. Iceland exported Shrimps and prawns, prepared or preserved , worth 141,167.79 (US$ Thousands).
  5. Iceland exported Flours, meals and pellets of fish, etc, unfit f , worth 118,519.14 (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 98,099.07 (US$ Thousands).
  2. Iceland imported Aluminium oxide, other than artificial corundum , worth 79,843.34 (US$ Thousands).
  3. Iceland imported Fishing vessels and factory ships , worth 61,944.22 (US$ Thousands).
  4. Iceland imported Carbon or graphite electrodes, of a kind used f , worth 47,381.32 (US$ Thousands).
  5. Iceland imported Aircraft nes of an unladen weight exceeding 15, , worth 46,734.74 (US$ Thousands).

Exports and Imports of Product Groups 1999

Exports and imports of products by stages of processing in 1999 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1999

Tariffs imposed by Iceland in 1999 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 6.73 percent.
  • The trade weighted average tariff was 3.65 .
  • The total duty free imports in thousands of US dollars were 1,555,999.11 and duty free tariff line items share was 58.84 percent.

Development Indicators 1999

Key Development Indicators of Iceland in 1999 are below

  • Iceland GDP in current US dollar was 8,982 million.
  • GNI per capita, Atlas method (current US$) was 30,400.00 .
  • Iceland Trade balance: as % of GDP was -4.52.
  • Trade balance in current US$ was -406.00 million.
  • Trade as percentage of GDP was 69.43 .
  • Trade in services as percentage of GDP was 21.74 .

Trade Indicators 1999

Trade Indicators for Iceland in 1999 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 2.53.
  • World Growth in percentage was 2.42 and Iceland Country Growth was 0.91 .