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Iceland Trade Summary

2008

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 2008

Overall Exports and Imports for Iceland 2008

Exports and imports of Iceland in 2008 are below, along with number of countries and products

  • The total value of exports (FoB) was 5,355 million.
  • The total value of imports (CIF) was 6,166 million.
  • At the HS6 digit level, 1,676 products were exported to 136 countries and 3,894 products were imported from 134 countries.

Iceland top 5 Export and Import partners 2008

Top five countries to which Iceland exported in 2008 are below, along with the percent of total exports that went to that country:

  1. Iceland exports to Netherlands worth US$ 1,841 million, with a partner share of 34.37 percent.
  2. Iceland exports to United Kingdom worth US$ 622 million, with a partner share of 11.61 percent.
  3. Iceland exports to Germany worth US$ 605 million, with a partner share of 11.30 percent.
  4. Iceland exports to United States worth US$ 299 million, with a partner share of 5.59 percent.
  5. Iceland exports to Japan worth US$ 235 million, with a partner share of 4.38 percent.

Top five countries from which Iceland imported goods in 2008 are below, along with percent of total imports that came from the country :

  1. Iceland imports from Norway worth US$ 691 million, with a partner share of 11.20 percent.
  2. Iceland imports from Germany worth US$ 633 million, with a partner share of 10.26 percent.
  3. Iceland imports from Sweden worth US$ 554 million, with a partner share of 8.99 percent.
  4. Iceland imports from United States worth US$ 496 million, with a partner share of 8.05 percent.
  5. Iceland imports from Denmark worth US$ 452 million, with a partner share of 7.32 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 2008

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 2,088,166.23 (US$ Thousands).
  2. Iceland exported Frozen fish fillets , worth 413,742.73 (US$ Thousands).
  3. Iceland exported Aircraft nes of an unladen weight exceeding 15, , worth 328,295.04 (US$ Thousands).
  4. Iceland exported Fresh or chilled fish fillets , worth 231,450.46 (US$ Thousands).
  5. Iceland exported Cod salted or in brine but not dried or smoked , worth 168,017.15 (US$ Thousands).

The top five imported HS 6 digit level products from world by Iceland along with trade value are

  1. Iceland imported Aluminium oxide, other than artificial corundum , worth 699,226.12 (US$ Thousands).
  2. Iceland imported Petroleum oils, etc, (excl. crude); preparation , worth 692,527.95 (US$ Thousands).
  3. Iceland imported Carbon or graphite electrodes, of a kind used f , worth 352,454.33 (US$ Thousands).
  4. Iceland imported Aircraft nes of an unladen weight exceeding 15, , worth 176,538.54 (US$ Thousands).
  5. Iceland imported Other medicaments of mixed or unmixed products, , worth 125,592.43 (US$ Thousands).

Exports and Imports of Product Groups 2008

Exports and imports of products by stages of processing in 2008 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2008

Tariffs imposed by Iceland in 2008 are below

  • The maximum rate of tariff in percentage on any product was 2,818.21 percent.
  • The simple average tariff across all products was 3.55 percent.
  • The trade weighted average tariff was 1.85 .
  • The total duty free imports in thousands of US dollars were 5,394,987.62 and duty free tariff line items share was 77.30 percent.

Development Indicators 2008

Key Development Indicators of Iceland in 2008 are below

  • Iceland GDP in current US dollar was 18,075 million.
  • GNI per capita, Atlas method (current US$) was 50,060.00 .
  • Iceland Trade balance: as % of GDP was -2.09.
  • Trade balance in current US$ was -377.00 million.
  • Trade as percentage of GDP was 82.69 .
  • Trade in services as percentage of GDP was 28.78 .

Trade Indicators 2008

Trade Indicators for Iceland in 2008 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 2.98.
  • World Growth in percentage was -59.29 and Iceland Country Growth was -2.83 .