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Iceland Trade Summary

2013

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 2013

Overall Exports and Imports for Iceland 2013

Exports and imports of Iceland in 2013 are below, along with number of countries and products

  • The total value of exports (FoB) was 4,998 million.
  • The total value of imports (CIF) was 5,019 million.
  • At the HS6 digit level, 1,570 products were exported to 130 countries and 3,959 products were imported from 136 countries.

Iceland top 5 Export and Import partners 2013

Top five countries to which Iceland exported in 2013 are below, along with the percent of total exports that went to that country:

  1. Iceland exports to Netherlands worth US$ 1,501 million, with a partner share of 30.03 percent.
  2. Iceland exports to Germany worth US$ 607 million, with a partner share of 12.14 percent.
  3. Iceland exports to United Kingdom worth US$ 474 million, with a partner share of 9.48 percent.
  4. Iceland exports to Norway worth US$ 237 million, with a partner share of 4.73 percent.
  5. Iceland exports to United States worth US$ 235 million, with a partner share of 4.71 percent.

Top five countries from which Iceland imported goods in 2013 are below, along with percent of total imports that came from the country :

  1. Iceland imports from Norway worth US$ 756 million, with a partner share of 15.06 percent.
  2. Iceland imports from United States worth US$ 484 million, with a partner share of 9.64 percent.
  3. Iceland imports from Denmark worth US$ 416 million, with a partner share of 8.30 percent.
  4. Iceland imports from Germany worth US$ 402 million, with a partner share of 8.02 percent.
  5. Iceland imports from China worth US$ 392 million, with a partner share of 7.81 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 2013

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 1,498,980.82 (US$ Thousands).
  2. Iceland exported Frozen fish fillets , worth 343,017.33 (US$ Thousands).
  3. Iceland exported Fresh or chilled fish fillets , worth 337,230.07 (US$ Thousands).
  4. Iceland exported Flours, meals and pellets of fish, etc, unfit f , worth 217,880.56 (US$ Thousands).
  5. Iceland exported Frozen fish, nes , worth 178,021.52 (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 896,010.13 (US$ Thousands).
  2. Iceland imported Aluminium oxide, other than artificial corundum , worth 502,534.83 (US$ Thousands).
  3. Iceland imported Carbon or graphite electrodes, of a kind used f , worth 353,256.12 (US$ Thousands).
  4. Iceland imported Other medicaments of mixed or unmixed products, , worth 115,277.21 (US$ Thousands).
  5. Iceland imported Foil, aluminium, not backed and not exceeding 0 , worth 60,368.81 (US$ Thousands).

Exports and Imports of Product Groups 2013

Exports and imports of products by stages of processing in 2013 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2013

Tariffs imposed by Iceland in 2013 are below

  • The maximum rate of tariff in percentage on any product was 2,483.57 percent.
  • The simple average tariff across all products was 2.60 percent.
  • The trade weighted average tariff was 1.66 .
  • The total duty free imports in thousands of US dollars were 4,156,315.43 and duty free tariff line items share was 83.42 percent.

Development Indicators 2013

Key Development Indicators of Iceland in 2013 are below

  • Iceland GDP in current US dollar was 16,125 million.
  • GNI per capita, Atlas method (current US$) was 46,960.00 .
  • Iceland Trade balance: as % of GDP was 7.71.
  • Trade balance in current US$ was 1,243.00 million.
  • Trade as percentage of GDP was 98.79 .
  • Trade in services as percentage of GDP was 42.33 .

Trade Indicators 2013

Trade Indicators for Iceland in 2013 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 2.93.
  • World Growth in percentage was 1.19 and Iceland Country Growth was 5.98 .