Iceland Trade Summary

2008 Data

Iceland exports, imports, tariff by year.

Country / Region
Year
For at a glance i.e. latest available trade, tariff, trade barriers and other trade related data Click Here.
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: 7.47
Country Growth: 3.29

Tariffs

more »
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

more »
GDP (current US$): 17,640
GNI per capita, Atlas method (current US$): 50,100.00
Trade Balance (% of GDP): -2.19
Trade Balance (current US$ Mil): -386.00
Trade in services (% of GDP): 3.89
Trade (% of GDP): 84.67