Iceland Trade Summary

2006 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): 3,453
No. Of products: 1,290
No. Of partners: 125
Importsmore »
Imports (in US$ Mil): 5,991
No. Of products: 4,090
No. Of partners: 136

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Aluminium unwrought, ...811,178.31
Frozen fish fillets479,222.48
Fresh or chilled fis ...223,398.29
Aircraft nes of an u ...210,844.78
Cod salted or in bri ...162,380.57
Imports (US$ Thousands)
Petroleum oils, etc, ...493,959.50
Aircraft nes of an u ...427,368.87
Aluminium oxide, oth ...225,339.53
Automobiles with rec ...152,889.37
Carbon or graphite e ...111,836.99

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Netherlands574 16.61
United Kingdom540 15.63
Germany517 14.97
United States375 10.86
Spain220 6.37
Exporter Trade (US$ Mil) Partner share(%)
United States787 13.14
Germany742 12.39
Norway431 7.20
Sweden425 7.10
Denmark373 6.22

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials1,222 35.38 225 3.75 13.85
Intermediate goods1,406 40.73 1,015 16.94 0.88
Consumer goods433 12.54 2,470 41.22 2.45
Capital goods366 10.60 2,278 38.02 0.24

Trade Indicators

more »
HH Market concentration index: 0.09
Index of export market penetration: 2.83
World Growth: 7.53
Country Growth: 9.78

Tariffs

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No Of Tariff Agreement: 16
Maximum Rate (%): 2,814.14
Simple Average (%): 3.86
Weighted Average (%): 1.83
Duty Free Imports (US$ Thousand): 5,213,084.13
Duty Free Tariff Lines Share (%): 77.50

Development Indicators

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GDP (current US$ Mil): 17,043
GNI per capita, Atlas method (current US$): 53,650.00
Trade Balance (% of GDP): -17.17
Trade Balance (current US$ Mil): -2,926.00
Trade in services (% of GDP): 2.12
Trade (% of GDP): 79.43