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Iceland Trade Summary

2014

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 2014

Overall Exports and Imports for Iceland 2014

Exports and imports of Iceland in 2014 are below, along with number of countries and products

  • The total value of exports (FoB) was 5,051 million.
  • The total value of imports (CIF) was 5,372 million.
  • At the HS6 digit level, 1,521 products were exported to 130 countries and 4,004 products were imported from 140 countries.

Iceland top 5 Export and Import partners 2014

Top five countries to which Iceland exported in 2014 are below, along with the percent of total exports that went to that country:

  1. Iceland exports to Netherlands worth US$ 1,475 million, with a partner share of 29.20 percent.
  2. Iceland exports to United Kingdom worth US$ 567 million, with a partner share of 11.23 percent.
  3. Iceland exports to Spain worth US$ 381 million, with a partner share of 7.53 percent.
  4. Iceland exports to Germany worth US$ 305 million, with a partner share of 6.03 percent.
  5. Iceland exports to France worth US$ 251 million, with a partner share of 4.97 percent.

Top five countries from which Iceland imported goods in 2014 are below, along with percent of total imports that came from the country :

  1. Iceland imports from Norway worth US$ 786 million, with a partner share of 14.64 percent.
  2. Iceland imports from United States worth US$ 544 million, with a partner share of 10.13 percent.
  3. Iceland imports from Germany worth US$ 409 million, with a partner share of 7.62 percent.
  4. Iceland imports from Denmark worth US$ 406 million, with a partner share of 7.56 percent.
  5. Iceland imports from China worth US$ 398 million, with a partner share of 7.40 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 2014

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 US$ 1,469,144.65 million.
  2. Iceland exported Frozen fish fillets , worth US$ 351,525.54 million.
  3. Iceland exported Fresh or chilled fish fillets , worth US$ 341,609.71 million.
  4. Iceland exported Frozen mackerel , worth US$ 200,857.05 million.
  5. Iceland exported Bars, rods and other profiles, aluminium alloye , worth US$ 159,697.04 million.

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 US$ 881,797.52 million.
  2. Iceland imported Aluminium oxide, other than artificial corundum , worth US$ 494,862.57 million.
  3. Iceland imported Carbon or graphite electrodes, of a kind used f , worth US$ 221,139.18 million.
  4. Iceland imported Carbon or graphite electrodes,of a kind used fo , worth US$ 151,717.87 million.
  5. Iceland imported Other medicaments of mixed or unmixed products, , worth US$ 120,071.37 million.

Exports and Imports of Product Groups 2014

Exports and imports of products by stages of processing in 2014 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2014

Tariffs imposed by Iceland in 2014 are below

  • The maximum rate of tariff in percentage on any product was 2,495.21 percent.
  • The simple average tariff across all products was 2.46 percent.
  • The trade weighted average tariff was 1.60 .
  • The total duty free imports in thousands of US dollars were 4,636,893.14 and duty free tariff line items share was 84.27 percent.

Development Indicators 2014

Key Development Indicators of Iceland in 2014 are below

  • Iceland GDP in current US dollar was 17,868 million.
  • GNI per capita, Atlas method (current US$) was 48,090.00 .
  • Iceland Trade balance: as % of GDP was 6.37.
  • Trade balance in current US$ was 1,139.00 million.
  • Trade as percentage of GDP was 96.67 .
  • Trade in services as percentage of GDP was 41.51 .

Trade Indicators 2014

Trade Indicators for Iceland in 2014 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 2.93.
  • World Growth in percentage was 0.23 and Iceland Country Growth was 4.51 .