Iceland Trade Summary

2004 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): 2,890
No. Of products: 1,267
No. Of partners: 114
Importsmore »
Imports (in US$ Mil): 3,713
No. Of products: 4,104
No. Of partners: 123

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Aluminium unwrought, ...521,033.17
Frozen fish fillets456,287.37
Cod salted or in bri ...190,540.80
Flours, meals and pe ...180,005.24
Fresh or chilled fis ...169,842.31
Imports (US$ Thousands)
Petroleum oils, etc, ...306,761.37
Automobiles with rec ...128,890.61
Aluminium oxide, oth ...123,361.24
Other medicaments of ...91,743.34
Carbon or graphite e ...81,885.70

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United Kingdom550 19.03
Germany512 17.73
Netherlands311 10.75
United States271 9.38
Spain200 6.93
Exporter Trade (US$ Mil) Partner share(%)
Germany469 12.62
United States375 10.11
Norway355 9.56
Denmark281 7.57
United Kingdom254 6.83

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials1,070 37.03 210 5.65 29.09
Intermediate goods1,172 40.57 638 17.19 1.38
Consumer goods477 16.51 1,744 46.98 5.25
Capital goods140 4.86 1,118 30.12 0.58

Trade Indicators

more »
HH Market concentration index: 0.09
Index of export market penetration: 2.72
World Growth: 10.49
Country Growth: 6.48

Tariffs

more »
No Of Tariff Agreement: 2
Maximum Rate (%): 2,372.37
Simple Average (%): 7.09
Weighted Average (%): 4.52
Duty Free Imports (US$ Thousand): 2,467,927.98
Duty Free Tariff Lines Share (%): 56.87

Development Indicators

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GDP (current US$): 13,703
GNI per capita, Atlas method (current US$): 42,050.00
Trade Balance (% of GDP): -5.37
Trade Balance (current US$ Mil): -736.00
Trade in services (% of GDP): 1.02
Trade (% of GDP): 70.76