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Iceland Trade Summary

2012

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


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TRADE SUMMARY FOR ICELAND 2012

Overall Exports and Imports for Iceland 2012

Exports and imports of Iceland in 2012 are below, along with number of countries and products

  • The total value of exports (FoB) was 5,063 million.
  • The total value of imports (CIF) was 4,772 million.
  • At the HS6 digit level, 1,603 products were exported to 125 countries and 3,959 products were imported from 139 countries.

Iceland top 5 Export and Import partners 2012

Top five countries to which Iceland exported in 2012 are below, along with the percent of total exports that went to that country:

  1. Iceland exports to Netherlands worth US$ 1,517 million, with a partner share of 29.96 percent.
  2. Iceland exports to Germany worth US$ 652 million, with a partner share of 12.87 percent.
  3. Iceland exports to United Kingdom worth US$ 497 million, with a partner share of 9.82 percent.
  4. Iceland exports to Norway worth US$ 258 million, with a partner share of 5.10 percent.
  5. Iceland exports to United States worth US$ 228 million, with a partner share of 4.51 percent.

Top five countries from which Iceland imported goods in 2012 are below, along with percent of total imports that came from the country :

  1. Iceland imports from Norway worth US$ 793 million, with a partner share of 16.63 percent.
  2. Iceland imports from United States worth US$ 489 million, with a partner share of 10.24 percent.
  3. Iceland imports from Germany worth US$ 438 million, with a partner share of 9.18 percent.
  4. Iceland imports from China worth US$ 342 million, with a partner share of 7.16 percent.
  5. Iceland imports from Brazil worth US$ 317 million, with a partner share of 6.65 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 2012

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 1,726,685.43 (US$ Thousands).
  2. Iceland exported Frozen fish fillets , worth 321,821.54 (US$ Thousands).
  3. Iceland exported Fresh or chilled fish fillets , worth 284,243.33 (US$ Thousands).
  4. Iceland exported Frozen fish meat (excl. fillets) , worth 208,742.54 (US$ Thousands).
  5. Iceland exported Flours, meals and pellets of fish, etc, unfit f , worth 178,298.87 (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 663,353.69 (US$ Thousands).
  2. Iceland imported Aluminium oxide, other than artificial corundum , worth 508,174.32 (US$ Thousands).
  3. Iceland imported Carbon or graphite electrodes, of a kind used f , worth 351,157.80 (US$ Thousands).
  4. Iceland imported Aircraft nes of an unladen weight exceeding 15, , worth 141,387.16 (US$ Thousands).
  5. Iceland imported Other medicaments of mixed or unmixed products, , worth 109,731.77 (US$ Thousands).

Exports and Imports of Product Groups 2012

Exports and imports of products by stages of processing in 2012 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2012

Tariffs imposed by Iceland in 2012 are below

  • The maximum rate of tariff in percentage on any product was 2,561.25 percent.
  • The simple average tariff across all products was 2.60 percent.
  • The trade weighted average tariff was 1.47 .
  • The total duty free imports in thousands of US dollars were 4,184,518.85 and duty free tariff line items share was 82.61 percent.

Development Indicators 2012

Key Development Indicators of Iceland in 2012 are below

  • Iceland GDP in current US dollar was 14,752 million.
  • GNI per capita, Atlas method (current US$) was 40,690.00 .
  • Iceland Trade balance: as % of GDP was 5.77.
  • Trade balance in current US$ was 851.00 million.
  • Trade as percentage of GDP was 104.09 .
  • Trade in services as percentage of GDP was 42.28 .

Trade Indicators 2012

Trade Indicators for Iceland in 2012 are below

  • Hirschman Herfindahl market concentration index was 0.11.
  • Index of export market penetration was 2.89.
  • World Growth in percentage was -0.02 and Iceland Country Growth was 1.12 .