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Iceland Trade Summary

2010

Iceland exports, imports, tariff by year.
Iceland monthly trade data
Iceland quarterly trade data

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 2010

Overall Exports and Imports for Iceland 2010

Exports and imports of Iceland in 2010 are below, along with number of countries and products

  • The total value of exports (FoB) was 4,603 million.
  • The total value of imports (CIF) was 3,914 million.
  • At the HS6 digit level, 1,548 products were exported to 129 countries and 3,931 products were imported from 131 countries.

Iceland top 5 Export and Import partners 2010

Top five countries to which Iceland exported in 2010 are below, along with the percent of total exports that went to that country:

  1. Iceland exports to Netherlands worth US$ 1,564 million, with a partner share of 33.98 percent.
  2. Iceland exports to Germany worth US$ 643 million, with a partner share of 13.96 percent.
  3. Iceland exports to United Kingdom worth US$ 465 million, with a partner share of 10.11 percent.
  4. Iceland exports to Spain worth US$ 218 million, with a partner share of 4.74 percent.
  5. Iceland exports to United States worth US$ 210 million, with a partner share of 4.57 percent.

Top five countries from which Iceland imported goods in 2010 are below, along with percent of total imports that came from the country :

  1. Iceland imports from Norway worth US$ 354 million, with a partner share of 9.06 percent.
  2. Iceland imports from Brazil worth US$ 340 million, with a partner share of 8.69 percent.
  3. Iceland imports from Netherlands worth US$ 333 million, with a partner share of 8.51 percent.
  4. Iceland imports from United States worth US$ 311 million, with a partner share of 7.93 percent.
  5. Iceland imports from Germany worth US$ 294 million, with a partner share of 7.51 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 2010

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 1,825,004.62 (US$ Thousands).
  2. Iceland exported Frozen fish fillets , worth 330,784.93 (US$ Thousands).
  3. Iceland exported Fresh or chilled fish fillets , worth 240,564.49 (US$ Thousands).
  4. Iceland exported Frozen fish, nes , worth 129,471.04 (US$ Thousands).
  5. Iceland exported Fish fillets, dried, salted or in brine, but no , worth 129,390.39 (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 515,536.25 (US$ Thousands).
  2. Iceland imported Petroleum oils, etc, (excl. crude); preparation , worth 461,666.14 (US$ Thousands).
  3. Iceland imported Carbon or graphite electrodes, of a kind used f , worth 292,234.07 (US$ Thousands).
  4. Iceland imported Other medicaments of mixed or unmixed products, , worth 102,775.03 (US$ Thousands).
  5. Iceland imported Frozen shrimps and prawns , worth 56,155.80 (US$ Thousands).

Exports and Imports of Product Groups 2010

Exports and imports of products by stages of processing in 2010 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2010

Tariffs imposed by Iceland in 2010 are below

  • The maximum rate of tariff in percentage on any product was 2,012.23 percent.
  • The simple average tariff across all products was 2.55 percent.
  • The trade weighted average tariff was 1.50 .
  • The total duty free imports in thousands of US dollars were 3,481,111.20 and duty free tariff line items share was 83.01 percent.

Development Indicators 2010

Key Development Indicators of Iceland in 2010 are below

  • Iceland GDP in current US dollar was 13,751 million.
  • GNI per capita, Atlas method (current US$) was 36,270.00 .
  • Iceland Trade balance: as % of GDP was 9.85.
  • Trade balance in current US$ was 1,354.00 million.
  • Trade as percentage of GDP was 93.65 .
  • Trade in services as percentage of GDP was 37.82 .

Trade Indicators 2010

Trade Indicators for Iceland in 2010 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 2.84.
  • World Growth in percentage was 10.04 and Iceland Country Growth was 7.07 .