Iceland Trade Summary

2008 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): 5,355
No. Of products: 1,676
No. Of partners: 136
Importsmore »
Imports (in US$ Mil): 6,166
No. Of products: 3,894
No. Of partners: 134

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Aluminium unwrought, ...2,088,166.23
Frozen fish fillets413,742.73
Aircraft nes of an u ...328,295.04
Fresh or chilled fis ...231,450.46
Cod salted or in bri ...168,017.15
Imports (US$ Thousands)
Aluminium oxide, oth ...699,226.12
Petroleum oils, etc, ...692,527.95
Carbon or graphite e ...352,454.33
Aircraft nes of an u ...176,538.54
Other medicaments of ...125,592.43

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Netherlands1,841 34.37
United Kingdom622 11.61
Germany605 11.30
United States299 5.59
Japan235 4.38
Exporter Trade (US$ Mil) Partner share(%)
Norway691 11.20
Germany633 10.26
Sweden554 8.99
United States496 8.05
Denmark452 7.32

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials1,378 25.73 281 4.56 12.51
Intermediate goods2,828 52.80 1,529 24.79 0.70
Consumer goods484 9.04 2,635 42.74 2.44
Capital goods623 11.63 1,718 27.86 0.18

Trade Indicators

more »
HH Market concentration index: 0.10
Index of export market penetration: 2.98
World Growth: 7.43
Country Growth: 3.45

Tariffs

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No Of Tariff Agreement: 20
Maximum Rate (%): 2,818.21
Simple Average (%): 3.55
Weighted Average (%): 1.85
Duty Free Imports (US$ Thousand): 5,394,987.62
Duty Free Tariff Lines Share (%): 77.30

Development Indicators

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GDP (current US$): 18,075
GNI per capita, Atlas method (current US$): 50,060.00
Trade Balance (% of GDP): -2.09
Trade Balance (current US$ Mil): -377.00
Trade in services (% of GDP): 28.78
Trade (% of GDP): 82.69