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Iceland Trade Summary

2004

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 2004

Overall Exports and Imports for Iceland 2004

Exports and imports of Iceland in 2004 are below, along with number of countries and products

  • The total value of exports (FoB) was 2,890 million.
  • The total value of imports (CIF) was 3,713 million.
  • At the HS6 digit level, 1,267 products were exported to 114 countries and 4,104 products were imported from 123 countries.

Iceland top 5 Export and Import partners 2004

Top five countries to which Iceland exported in 2004 are below, along with the percent of total exports that went to that country:

  1. Iceland exports to United Kingdom worth US$ 550 million, with a partner share of 19.03 percent.
  2. Iceland exports to Germany worth US$ 512 million, with a partner share of 17.73 percent.
  3. Iceland exports to Netherlands worth US$ 311 million, with a partner share of 10.75 percent.
  4. Iceland exports to United States worth US$ 271 million, with a partner share of 9.38 percent.
  5. Iceland exports to Spain worth US$ 200 million, with a partner share of 6.93 percent.

Top five countries from which Iceland imported goods in 2004 are below, along with percent of total imports that came from the country :

  1. Iceland imports from Germany worth US$ 469 million, with a partner share of 12.62 percent.
  2. Iceland imports from United States worth US$ 375 million, with a partner share of 10.11 percent.
  3. Iceland imports from Norway worth US$ 355 million, with a partner share of 9.56 percent.
  4. Iceland imports from Denmark worth US$ 281 million, with a partner share of 7.57 percent.
  5. Iceland imports from United Kingdom worth US$ 254 million, with a partner share of 6.83 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 2004

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 521,033.17 (US$ Thousands).
  2. Iceland exported Frozen fish fillets , worth 456,287.37 (US$ Thousands).
  3. Iceland exported Cod salted or in brine but not dried or smoked , worth 190,540.80 (US$ Thousands).
  4. Iceland exported Flours, meals and pellets of fish, etc, unfit f , worth 180,005.24 (US$ Thousands).
  5. Iceland exported Fresh or chilled fish fillets , worth 169,842.31 (US$ Thousands).

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 306,761.37 (US$ Thousands).
  2. Iceland imported Automobiles with reciprocating piston engine di , worth 128,890.61 (US$ Thousands).
  3. Iceland imported Aluminium oxide, other than artificial corundum , worth 123,361.24 (US$ Thousands).
  4. Iceland imported Other medicaments of mixed or unmixed products, , worth 91,743.34 (US$ Thousands).
  5. Iceland imported Carbon or graphite electrodes, of a kind used f , worth 81,885.70 (US$ Thousands).

Exports and Imports of Product Groups 2004

Exports and imports of products by stages of processing in 2004 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2004

Tariffs imposed by Iceland in 2004 are below

  • The maximum rate of tariff in percentage on any product was 2,372.37 percent.
  • The simple average tariff across all products was 7.09 percent.
  • The trade weighted average tariff was 4.52 .
  • The total duty free imports in thousands of US dollars were 2,467,927.98 and duty free tariff line items share was 56.87 percent.

Development Indicators 2004

Key Development Indicators of Iceland in 2004 are below

  • Iceland GDP in current US dollar was 13,825 million.
  • GNI per capita, Atlas method (current US$) was 42,020.00 .
  • Iceland Trade balance: as % of GDP was -5.61.
  • Trade balance in current US$ was -776.00 million.
  • Trade as percentage of GDP was 70.43 .
  • Trade in services as percentage of GDP was 25.37 .

Trade Indicators 2004

Trade Indicators for Iceland in 2004 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 2.71.
  • World Growth in percentage was 10.40 and Iceland Country Growth was 6.18 .