Iceland Trade Summary

2016 Data

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

Country / 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

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 4,450
No. Of products: 1,673
No. Of partners: 141
Importsmore »
Imports (in US$ Mil): 5,703
No. Of products: 4,055
No. Of partners: 163

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Aluminium unwrought, ...1,130,250.17
Frozen fish fillets433,380.26
Fresh or chilled fis ...388,122.56
Wire,aluminium,not a ...135,690.07
Ferro-silicon, conta ...131,485.31
Imports (US$ Thousands)
Petroleum oils, etc, ...569,815.55
Aluminium oxide, oth ...428,246.22
Aircraft nes of an u ...200,463.90
Carbon or graphite e ...151,063.32
Carbon or graphite e ...143,136.02

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Netherlands1,135 25.50
United Kingdom503 11.30
Spain462 10.38
United States346 7.78
Germany309 6.94
Exporter Trade (US$ Mil) Partner share(%)
Germany573 10.05
United States573 10.04
Norway512 8.97
Netherlands426 7.46
China419 7.35

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials1,495 33.60 284 4.98 16.29
Intermediate goods2,138 48.05 1,086 19.04 0.73
Consumer goods516 11.60 2,590 45.42 1.62
Capital goods257 5.78 1,741 30.52 0.08

Trade Indicators

more »
HH Market concentration index: 0.08
Index of export market penetration: 3.07
World Growth: -1.35
Country Growth: -6.82

Tariffs

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No Of Tariff Agreement: 32
Maximum Rate (%): 2,228.75
Simple Average (%): 1.71
Weighted Average (%): 1.47
Duty Free Imports (US$ Thousand): 5,185,023.75
Duty Free Tariff Lines Share (%): 88.52

Development Indicators

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GDP (current US$): 20,793
GNI per capita, Atlas method (current US$): 54,910.00
Trade Balance (% of GDP): 6.64
Trade Balance (current US$ Mil): 1,380.00
Trade in services (% of GDP): 41.35
Trade (% of GDP): 88.33