Iceland Trade Summary

2007 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): 4,772
No. Of products: 1,449
No. Of partners: 134
Importsmore »
Imports (in US$ Mil): 6,690
No. Of products: 3,998
No. Of partners: 130

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Aluminium unwrought, ...1,255,458.69
Aircraft nes of an u ...696,549.18
Frozen fish fillets562,835.97
Fresh or chilled fis ...237,410.73
Cod salted or in bri ...200,735.00
Imports (US$ Thousands)
Petroleum oils, etc, ...546,632.49
Aircraft nes of an u ...380,284.23
Aluminium oxide, oth ...321,736.90
Automobiles with rec ...146,215.89
Carbon or graphite e ...141,635.74

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Netherlands1,015 21.27
Germany638 13.38
United Kingdom631 13.22
Ireland361 7.56
United States356 7.45
Exporter Trade (US$ Mil) Partner share(%)
United States901 13.47
Germany807 12.07
Sweden671 10.03
Denmark496 7.41
Netherlands376 5.62

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials1,360 28.50 280 4.18 13.08
Intermediate goods1,979 41.46 1,198 17.91 0.89
Consumer goods449 9.40 2,915 43.58 2.52
Capital goods933 19.56 2,294 34.29 0.21

Trade Indicators

more »
HH Market concentration index: 0.10
Index of export market penetration: 2.93
World Growth: 7.24
Country Growth: 7.78

Tariffs

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No Of Tariff Agreement: 19
Maximum Rate (%): 3,000
Simple Average (%): 3.95
Weighted Average (%): 1.90
Duty Free Imports (US$ Thousand): 5,783,952.69
Duty Free Tariff Lines Share (%): 76.93

Development Indicators

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GDP (current US$): 21,295
GNI per capita, Atlas method (current US$): 61,940.00
Trade Balance (% of GDP): -9.17
Trade Balance (current US$ Mil): -1,953.00
Trade in services (% of GDP): 3.82
Trade (% of GDP): 75.90