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Iceland Trade Summary

2011

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 2011

Overall Exports and Imports for Iceland 2011

Exports and imports of Iceland in 2011 are below, along with number of countries and products

  • The total value of exports (FoB) was 5,349 million.
  • The total value of imports (CIF) was 4,846 million.
  • At the HS6 digit level, 1,587 products were exported to 130 countries and 3,951 products were imported from 142 countries.

Iceland top 5 Export and Import partners 2011

Top five countries to which Iceland exported in 2011 are below, along with the percent of total exports that went to that country:

  1. Iceland exports to Netherlands worth US$ 1,733 million, with a partner share of 32.39 percent.
  2. Iceland exports to Germany worth US$ 800 million, with a partner share of 14.96 percent.
  3. Iceland exports to United Kingdom worth US$ 482 million, with a partner share of 9.01 percent.
  4. Iceland exports to Norway worth US$ 236 million, with a partner share of 4.42 percent.
  5. Iceland exports to France worth US$ 209 million, with a partner share of 3.91 percent.

Top five countries from which Iceland imported goods in 2011 are below, along with percent of total imports that came from the country :

  1. Iceland imports from Norway worth US$ 773 million, with a partner share of 15.95 percent.
  2. Iceland imports from United States worth US$ 527 million, with a partner share of 10.88 percent.
  3. Iceland imports from Germany worth US$ 383 million, with a partner share of 7.90 percent.
  4. Iceland imports from Netherlands worth US$ 356 million, with a partner share of 7.35 percent.
  5. Iceland imports from China worth US$ 303 million, with a partner share of 6.25 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 2011

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 1,937,643.90 (US$ Thousands).
  2. Iceland exported Frozen fish fillets , worth 376,496.94 (US$ Thousands).
  3. Iceland exported Fresh or chilled fish fillets , worth 278,439.54 (US$ Thousands).
  4. Iceland exported Frozen mackerel , worth 207,387.01 (US$ Thousands).
  5. Iceland exported Frozen fish meat (excl. fillets) , worth 189,826.39 (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 648,115.09 (US$ Thousands).
  2. Iceland imported Aluminium oxide, other than artificial corundum , worth 575,984.07 (US$ Thousands).
  3. Iceland imported Carbon or graphite electrodes, of a kind used f , worth 382,238.28 (US$ Thousands).
  4. Iceland imported Other medicaments of mixed or unmixed products, , worth 111,117.33 (US$ Thousands).
  5. Iceland imported Aircraft nes of an unladen weight exceeding 15, , worth 68,146.42 (US$ Thousands).

Exports and Imports of Product Groups 2011

Exports and imports of products by stages of processing in 2011 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2011

Tariffs imposed by Iceland in 2011 are below

  • The maximum rate of tariff in percentage on any product was 2,019.96 percent.
  • The simple average tariff across all products was 2.59 percent.
  • The trade weighted average tariff was 1.58 .
  • The total duty free imports in thousands of US dollars were 4,280,816.39 and duty free tariff line items share was 83.38 percent.

Development Indicators 2011

Key Development Indicators of Iceland in 2011 are below

  • Iceland GDP in current US dollar was 15,222 million.
  • GNI per capita, Atlas method (current US$) was 37,610.00 .
  • Iceland Trade balance: as % of GDP was 7.68.
  • Trade balance in current US$ was 1,169.00 million.
  • Trade as percentage of GDP was 101.41 .
  • Trade in services as percentage of GDP was 39.73 .

Trade Indicators 2011

Trade Indicators for Iceland in 2011 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 2.88.
  • World Growth in percentage was 9.23 and Iceland Country Growth was 7.73 .