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Iceland Trade Summary

2007

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 2007

Overall Exports and Imports for Iceland 2007

Exports and imports of Iceland in 2007 are below, along with number of countries and products

  • The total value of exports (FoB) was 4,772 million.
  • The total value of imports (CIF) was 6,690 million.
  • At the HS6 digit level, 1,449 products were exported to 134 countries and 3,998 products were imported from 130 countries.

Iceland top 5 Export and Import partners 2007

Top five countries to which Iceland exported in 2007 are below, along with the percent of total exports that went to that country:

  1. Iceland exports to Netherlands worth US$ 1,015 million, with a partner share of 21.27 percent.
  2. Iceland exports to Germany worth US$ 638 million, with a partner share of 13.38 percent.
  3. Iceland exports to United Kingdom worth US$ 631 million, with a partner share of 13.22 percent.
  4. Iceland exports to Ireland worth US$ 361 million, with a partner share of 7.56 percent.
  5. Iceland exports to United States worth US$ 356 million, with a partner share of 7.45 percent.

Top five countries from which Iceland imported goods in 2007 are below, along with percent of total imports that came from the country :

  1. Iceland imports from United States worth US$ 901 million, with a partner share of 13.47 percent.
  2. Iceland imports from Germany worth US$ 807 million, with a partner share of 12.07 percent.
  3. Iceland imports from Sweden worth US$ 671 million, with a partner share of 10.03 percent.
  4. Iceland imports from Denmark worth US$ 496 million, with a partner share of 7.41 percent.
  5. Iceland imports from Netherlands worth US$ 376 million, with a partner share of 5.62 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 2007

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 1,255,458.69 (US$ Thousands).
  2. Iceland exported Aircraft nes of an unladen weight exceeding 15, , worth 696,549.18 (US$ Thousands).
  3. Iceland exported Frozen fish fillets , worth 562,835.97 (US$ Thousands).
  4. Iceland exported Fresh or chilled fish fillets , worth 237,410.73 (US$ Thousands).
  5. Iceland exported Cod salted or in brine but not dried or smoked , worth 200,735.00 (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 546,632.49 (US$ Thousands).
  2. Iceland imported Aircraft nes of an unladen weight exceeding 15, , worth 380,284.23 (US$ Thousands).
  3. Iceland imported Aluminium oxide, other than artificial corundum , worth 321,736.90 (US$ Thousands).
  4. Iceland imported Automobiles with reciprocating piston engine di , worth 146,215.89 (US$ Thousands).
  5. Iceland imported Carbon or graphite electrodes, of a kind used f , worth 141,635.74 (US$ Thousands).

Exports and Imports of Product Groups 2007

Exports and imports of products by stages of processing in 2007 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2007

Tariffs imposed by Iceland in 2007 are below

  • The maximum rate of tariff in percentage on any product was 3,000 percent.
  • The simple average tariff across all products was 3.95 percent.
  • The trade weighted average tariff was 1.90 .
  • The total duty free imports in thousands of US dollars were 5,783,952.69 and duty free tariff line items share was 76.93 percent.

Development Indicators 2007

Key Development Indicators of Iceland in 2007 are below

  • Iceland GDP in current US dollar was 21,653 million.
  • GNI per capita, Atlas method (current US$) was 61,880.00 .
  • Iceland Trade balance: as % of GDP was -8.99.
  • Trade balance in current US$ was -1,947.00 million.
  • Trade as percentage of GDP was 74.67 .
  • Trade in services as percentage of GDP was 27.23 .

Trade Indicators 2007

Trade Indicators for Iceland in 2007 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 2.93.
  • World Growth in percentage was 7.58 and Iceland Country Growth was 7.96 .