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Iceland Trade Summary

2002

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 2002

Overall Exports and Imports for Iceland 2002

Exports and imports of Iceland in 2002 are below, along with number of countries and products

  • The total value of exports (FoB) was 2,229 million.
  • The total value of imports (CIF) was 2,274 million.
  • At the HS6 digit level, 1,304 products were exported to 103 countries and 4,027 products were imported from 123 countries.

Iceland top 5 Export and Import partners 2002

Top five countries to which Iceland exported in 2002 are below, along with the percent of total exports that went to that country:

  1. Iceland exports to Germany worth US$ 412 million, with a partner share of 18.48 percent.
  2. Iceland exports to United Kingdom worth US$ 390 million, with a partner share of 17.49 percent.
  3. Iceland exports to United States worth US$ 244 million, with a partner share of 10.92 percent.
  4. Iceland exports to Netherlands worth US$ 241 million, with a partner share of 10.80 percent.
  5. Iceland exports to Spain worth US$ 117 million, with a partner share of 5.23 percent.

Top five countries from which Iceland imported goods in 2002 are below, along with percent of total imports that came from the country :

  1. Iceland imports from United States worth US$ 253 million, with a partner share of 11.13 percent.
  2. Iceland imports from Germany worth US$ 243 million, with a partner share of 10.68 percent.
  3. Iceland imports from Denmark worth US$ 193 million, with a partner share of 8.50 percent.
  4. Iceland imports from Norway worth US$ 182 million, with a partner share of 8.00 percent.
  5. Iceland imports from United Kingdom worth US$ 169 million, with a partner share of 7.45 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 2002

The top five exported HS 6 digit level products to world by Iceland along with trade value are:

  1. Iceland exported Aluminium unwrought, not alloyed , worth US$ 420,979.12 million.
  2. Iceland exported Frozen fish fillets , worth US$ 395,117.31 million.
  3. Iceland exported Flours, meals and pellets of fish, etc, unfit f , worth US$ 197,509.78 million.
  4. Iceland exported Cod salted or in brine but not dried or smoked , worth US$ 157,478.37 million.
  5. Iceland exported Shrimps and prawns, prepared or preserved , worth US$ 127,887.77 million.

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

  1. Iceland imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 173,211.32 million.
  2. Iceland imported Aluminium oxide, other than artificial corundum , worth US$ 99,535.22 million.
  3. Iceland imported Aircraft nes of an unladen weight exceeding 15, , worth US$ 79,912.79 million.
  4. Iceland imported Carbon or graphite electrodes, of a kind used f , worth US$ 62,245.21 million.
  5. Iceland imported Other medicaments of mixed or unmixed products, , worth US$ 59,507.79 million.

Exports and Imports of Product Groups 2002

Exports and imports of products by stages of processing in 2002 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2002

Tariffs imposed by Iceland in 2002 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 2002

Key Development Indicators of Iceland in 2002 are below

  • Iceland GDP in current US dollar was 9,318 million.
  • GNI per capita, Atlas method (current US$) was 30,930.00 .
  • Iceland Trade balance: as % of GDP was 1.60.
  • Trade balance in current US$ was 149.00 million.
  • Trade as percentage of GDP was 69.43 .
  • Trade in services as percentage of GDP was 24.61 .

Trade Indicators 2002

Trade Indicators for Iceland in 2002 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 2.70.
  • World Growth in percentage was 2.45 and Iceland Country Growth was 1.80 .