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Iceland Trade Summary

2015

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 2015

Overall Exports and Imports for Iceland 2015

Exports and imports of Iceland in 2015 are below, along with number of countries and products

  • The total value of exports (FoB) was 4,722 million.
  • The total value of imports (CIF) was 5,285 million.
  • At the HS6 digit level, 1,520 products were exported to 125 countries and 4,015 products were imported from 148 countries.

Iceland top 5 Export and Import partners 2015

Top five countries to which Iceland exported in 2015 are below, along with the percent of total exports that went to that country:

  1. Iceland exports to Netherlands worth US$ 1,230 million, with a partner share of 26.05 percent.
  2. Iceland exports to United Kingdom worth US$ 548 million, with a partner share of 11.61 percent.
  3. Iceland exports to Spain worth US$ 545 million, with a partner share of 11.55 percent.
  4. Iceland exports to Germany worth US$ 352 million, with a partner share of 7.45 percent.
  5. Iceland exports to France worth US$ 270 million, with a partner share of 5.71 percent.

Top five countries from which Iceland imported goods in 2015 are below, along with percent of total imports that came from the country :

  1. Iceland imports from Norway worth US$ 536 million, with a partner share of 10.14 percent.
  2. Iceland imports from Germany worth US$ 454 million, with a partner share of 8.59 percent.
  3. Iceland imports from United States worth US$ 415 million, with a partner share of 7.86 percent.
  4. Iceland imports from China worth US$ 414 million, with a partner share of 7.84 percent.
  5. Iceland imports from Denmark worth US$ 375 million, with a partner share of 7.10 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 2015

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$ 1,364,277.03 million.
  2. Iceland exported Fresh or chilled fish fillets , worth US$ 340,689.84 million.
  3. Iceland exported Frozen fish fillets , worth US$ 334,341.02 million.
  4. Iceland exported Flours, meals and pellets of fish, etc, unfit f , worth US$ 222,318.83 million.
  5. Iceland exported Bars, rods and other profiles, aluminium alloye , worth US$ 163,837.55 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$ 617,618.25 million.
  2. Iceland imported Aluminium oxide, other than artificial corundum , worth US$ 518,198.28 million.
  3. Iceland imported Carbon or graphite electrodes, of a kind used f , worth US$ 163,241.85 million.
  4. Iceland imported Aircraft nes of an unladen weight exceeding 15, , worth US$ 155,917.05 million.
  5. Iceland imported Carbon or graphite electrodes,of a kind used fo , worth US$ 148,825.12 million.

Exports and Imports of Product Groups 2015

Exports and imports of products by stages of processing in 2015 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2015

Tariffs imposed by Iceland in 2015 are below

  • The maximum rate of tariff in percentage on any product was 2,460.39 percent.
  • The simple average tariff across all products was 2.22 percent.
  • The trade weighted average tariff was 1.42 .
  • The total duty free imports in thousands of US dollars were 4,762,622.90 and duty free tariff line items share was 86.30 percent.

Development Indicators 2015

Key Development Indicators of Iceland in 2015 are below

  • Iceland GDP in current US dollar was 17,517 million.
  • GNI per capita, Atlas method (current US$) was 49,940.00 .
  • Iceland Trade balance: as % of GDP was 7.49.
  • Trade balance in current US$ was 1,311.00 million.
  • Trade as percentage of GDP was 95.82 .
  • Trade in services as percentage of GDP was 40.98 .

Trade Indicators 2015

Trade Indicators for Iceland in 2015 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 2.85.
  • World Growth in percentage was -6.30 and Iceland Country Growth was -7.85 .