Iceland Trade Summary

2005 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): 3,091
No. Of products: 1,226
No. Of partners: 113
Importsmore »
Imports (in US$ Mil): 4,979
No. Of products: 4,172
No. Of partners: 133

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Aluminium unwrought, ...572,301.25
Frozen fish fillets464,929.05
Fresh or chilled fis ...195,663.52
Cod salted or in bri ...178,443.04
Frozen fish, nes136,857.90
Imports (US$ Thousands)
Petroleum oils, etc, ...426,444.00
Automobiles with rec ...190,033.01
Aircraft nes of an u ...139,765.00
Aluminium oxide, oth ...110,026.04
Automobiles with rec ...100,857.04

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United Kingdom550 17.81
Germany490 15.85
Netherlands386 12.50
United States276 8.92
Spain230 7.43
Exporter Trade (US$ Mil) Partner share(%)
Germany689 13.84
United States465 9.34
Sweden420 8.43
Denmark354 7.11
Norway347 6.98

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials1,184 38.31 218 4.37 31.21
Intermediate goods1,164 37.66 798 16.03 1.74
Consumer goods416 13.47 2,310 46.39 5.12
Capital goods293 9.49 1,650 33.14 0.63

Trade Indicators

more »
HH Market concentration index: 0.09
Index of export market penetration: 2.77
World Growth: 6.13
Country Growth: -0.45

Tariffs

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No Of Tariff Agreement: 2
Maximum Rate (%): 2,676.58
Simple Average (%): 7.59
Weighted Average (%): 4.24
Duty Free Imports (US$ Thousand): 3,240,837.19
Duty Free Tariff Lines Share (%): 57.10

Development Indicators

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GDP (current US$): 16,691
GNI per capita, Atlas method (current US$): 50,750.00
Trade Balance (% of GDP): -11.88
Trade Balance (current US$ Mil): -1,982.00
Trade in services (% of GDP): 1.22
Trade (% of GDP): 73.12