Iceland Trade Summary

2016 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): 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: 2.57
World Growth: -4.43
Country Growth: -8.90

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$ Mil): 20,047
GNI per capita, Atlas method (current US$): 56,990.00
Trade Balance (% of GDP): 6.56
Trade Balance (current US$ Mil): 1,315.00
Trade in services (% of GDP): 43.11
Trade (% of GDP): 91.65