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Iceland Trade Summary

2005

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 2005

Overall Exports and Imports for Iceland 2005

Exports and imports of Iceland in 2005 are below, along with number of countries and products

  • The total value of exports (FoB) was 3,091 million.
  • The total value of imports (CIF) was 4,979 million.
  • At the HS6 digit level, 1,226 products were exported to 113 countries and 4,172 products were imported from 133 countries.

Iceland top 5 Export and Import partners 2005

Top five countries to which Iceland exported in 2005 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 17.81 percent.
  2. Iceland exports to Germany worth US$ 490 million, with a partner share of 15.85 percent.
  3. Iceland exports to Netherlands worth US$ 386 million, with a partner share of 12.50 percent.
  4. Iceland exports to United States worth US$ 276 million, with a partner share of 8.92 percent.
  5. Iceland exports to Spain worth US$ 230 million, with a partner share of 7.43 percent.

Top five countries from which Iceland imported goods in 2005 are below, along with percent of total imports that came from the country :

  1. Iceland imports from Germany worth US$ 689 million, with a partner share of 13.84 percent.
  2. Iceland imports from United States worth US$ 465 million, with a partner share of 9.34 percent.
  3. Iceland imports from Sweden worth US$ 420 million, with a partner share of 8.43 percent.
  4. Iceland imports from Denmark worth US$ 354 million, with a partner share of 7.11 percent.
  5. Iceland imports from Norway worth US$ 347 million, with a partner share of 6.98 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 2005

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$ 572,301.25 million.
  2. Iceland exported Frozen fish fillets , worth US$ 464,929.05 million.
  3. Iceland exported Fresh or chilled fish fillets , worth US$ 195,663.52 million.
  4. Iceland exported Cod salted or in brine but not dried or smoked , worth US$ 178,443.04 million.
  5. Iceland exported Frozen fish, nes , worth US$ 136,857.90 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$ 426,444.00 million.
  2. Iceland imported Automobiles with reciprocating piston engine di , worth US$ 190,033.01 million.
  3. Iceland imported Aircraft nes of an unladen weight exceeding 15, , worth US$ 139,765.00 million.
  4. Iceland imported Aluminium oxide, other than artificial corundum , worth US$ 110,026.04 million.
  5. Iceland imported Automobiles with reciprocating piston engine di , worth US$ 100,857.04 million.

Exports and Imports of Product Groups 2005

Exports and imports of products by stages of processing in 2005 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2005

Tariffs imposed by Iceland in 2005 are below

  • The maximum rate of tariff in percentage on any product was 2,676.58 percent.
  • The simple average tariff across all products was 7.59 percent.
  • The trade weighted average tariff was 4.24 .
  • The total duty free imports in thousands of US dollars were 3,240,837.19 and duty free tariff line items share was 57.10 percent.

Development Indicators 2005

Key Development Indicators of Iceland in 2005 are below

  • Iceland GDP in current US dollar was 16,853 million.
  • GNI per capita, Atlas method (current US$) was 50,520.00 .
  • Iceland Trade balance: as % of GDP was -11.73.
  • Trade balance in current US$ was -1,978.00 million.
  • Trade as percentage of GDP was 72.45 .
  • Trade in services as percentage of GDP was 27.51 .

Trade Indicators 2005

Trade Indicators for Iceland in 2005 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 2.76.
  • World Growth in percentage was 6.13 and Iceland Country Growth was -0.20 .