Iceland Trade Summary

2003 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): 2,380
No. Of products: 1,248
No. Of partners: 104
Importsmore »
Imports (in US$ Mil): 2,827
No. Of products: 4,036
No. Of partners: 124

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Aluminium unwrought, ...446,579.58
Frozen fish fillets406,104.43
Cod salted or in bri ...164,789.33
Flours, meals and pe ...155,562.87
Shrimps and prawns, ...148,404.85
Imports (US$ Thousands)
Petroleum oils, etc, ...197,509.63
Aluminium oxide, oth ...93,811.91
Automobiles with rec ...89,013.29
Other medicaments of ...76,647.63
Carbon or graphite e ...71,738.46

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United Kingdom417 17.52
Germany415 17.43
Netherlands267 11.21
United States225 9.45
Spain151 6.32
Exporter Trade (US$ Mil) Partner share(%)
Germany334 11.81
Denmark227 8.03
United States211 7.46
United Kingdom210 7.43
Norway196 6.93

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials851 35.74 159 5.62 23.50
Intermediate goods1,044 43.85 498 17.62 1.33
Consumer goods361 15.18 1,338 47.34 5.45
Capital goods106 4.43 828 29.31 0.59

Trade Indicators

more »
HH Market concentration index: 0.09
Index of export market penetration: 2.67
World Growth: 8.10
Country Growth: 3.90

Tariffs

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No Of Tariff Agreement: 2
Maximum Rate (%): 2,176.66
Simple Average (%): 7.33
Weighted Average (%): 4.31
Duty Free Imports (US$ Thousand): 1,906,658.02
Duty Free Tariff Lines Share (%): 56.25

Development Indicators

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GDP (current US$ Mil): 11,304
GNI per capita, Atlas method (current US$): 33,740.00
Trade Balance (% of GDP): -2.99
Trade Balance (current US$ Mil): -338.00
Trade in services (% of GDP): 1.03
Trade (% of GDP): 68.95