Iceland Trade Summary

2019 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): 5,228
No. Of products: 1,453
No. Of partners: 133
Importsmore »
Imports (in US$ Mil): 6,579
No. Of products: 3,990
No. Of partners: 152

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Aluminium unwrought, ...1,313,301.41
Frozen fish fillets508,146.23
Fresh or chilled fis ...472,974.20
Wire,aluminium,not a ...154,426.00
Aircraft nes of an u ...150,715.68
Imports (US$ Thousands)
Petroleum oils, etc, ...751,312.04
Aluminium oxide, oth ...609,112.16
Carbon or graphite e ...218,917.47
Automobiles nes incl ...143,453.46
Other medicaments of ...135,415.58

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Netherlands1,374 26.28
United Kingdom544 10.40
Spain495 9.47
United States380 7.28
France370 7.08
Exporter Trade (US$ Mil) Partner share(%)
Norway745 11.32
United States561 8.53
Germany546 8.30
China486 7.38
Netherlands456 6.93

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials1,791 34.25 312 4.75 15.45
Intermediate goods2,376 45.45 1,344 20.43 0.24
Consumer goods490 9.38 3,036 46.15 2.31
Capital goods524 10.03 1,885 28.64 0.00

Trade Indicators

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HH Market concentration index: 0.09
Index of export market penetration: 3.21
World Growth: -1.13
Country Growth: -7.11

Tariffs

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No Of Tariff Agreement: 33
Maximum Rate (%): 2,276.97
Simple Average (%): 1.17
Weighted Average (%): 1.53
Duty Free Imports (US$ Thousand): 5,369,112.34
Duty Free Tariff Lines Share (%): 96.01

Development Indicators

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GDP (current US$): 24,188
GNI per capita, Atlas method (current US$): 73,000.00
Trade Balance (% of GDP): 4.72
Trade Balance (current US$ Mil): 1,142.00
Trade in services (% of GDP): 38.21
Trade (% of GDP): 85.92