Iceland Trade Summary

2014 Data

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

Country / Region
Year
For at a glance i.e. latest available trade, tariff, trade barriers and other trade related data Click Here.
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

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 5,051
No. Of products: 1,521
No. Of partners: 130
Importsmore »
Imports (in US$ Mil): 5,372
No. Of products: 4,004
No. Of partners: 140

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Aluminium unwrought, ...1,469,144.65
Frozen fish fillets351,525.54
Fresh or chilled fis ...341,609.71
Frozen mackerel200,857.05
Bars, rods and other ...159,697.04
Imports (US$ Thousands)
Petroleum oils, etc, ...881,797.52
Aluminium oxide, oth ...494,862.57
Carbon or graphite e ...221,139.18
Carbon or graphite e ...151,717.87
Other medicaments of ...120,071.37

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Netherlands1,475 29.20
United Kingdom567 11.23
Spain381 7.53
Germany305 6.03
France251 4.97
Exporter Trade (US$ Mil) Partner share(%)
Norway786 14.64
United States544 10.13
Germany409 7.62
Denmark406 7.56
China398 7.40

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials1,544 30.56 289 5.38 11.28
Intermediate goods2,534 50.17 1,098 20.45 0.81
Consumer goods591 11.70 2,512 46.77 2.09
Capital goods352 6.96 1,466 27.30 0.11

Trade Indicators

more »
HH Market concentration index: 0.11
Index of export market penetration: 2.96
World Growth: 0.12
Country Growth: 5.78

Tariffs

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No Of Tariff Agreement: 26
Maximum Rate (%): 2,495.21
Simple Average (%): 2.46
Weighted Average (%): 1.60
Duty Free Imports (US$ Thousand): 4,636,893.14
Duty Free Tariff Lines Share (%): 84.27

Development Indicators

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GDP (current US$): 17,179
GNI per capita, Atlas method (current US$): 48,160.00
Trade Balance (% of GDP): 6.25
Trade Balance (current US$ Mil): 1,074.00
Trade in services (% of GDP): 43.09
Trade (% of GDP): 100.26