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Iceland Trade Summary

2018

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 2018

Overall Exports and Imports for Iceland 2018

Exports and imports of Iceland in 2018 are below, along with number of countries and products

  • The total value of exports (FoB) was 5,561 million.
  • The total value of imports (CIF) was 7,686 million.
  • At the HS6 digit level, 1,507 products were exported to 139 countries and 3,993 products were imported from 150 countries.

Iceland top 5 Export and Import partners 2018

Top five countries to which Iceland exported in 2018 are below, along with the percent of total exports that went to that country:

  1. Iceland exports to Netherlands worth US$ 1,681 million, with a partner share of 30.22 percent.
  2. Iceland exports to United Kingdom worth US$ 551 million, with a partner share of 9.91 percent.
  3. Iceland exports to Spain worth US$ 459 million, with a partner share of 8.25 percent.
  4. Iceland exports to United States worth US$ 384 million, with a partner share of 6.90 percent.
  5. Iceland exports to France worth US$ 358 million, with a partner share of 6.43 percent.

Top five countries from which Iceland imported goods in 2018 are below, along with percent of total imports that came from the country :

  1. Iceland imports from Norway worth US$ 879 million, with a partner share of 11.43 percent.
  2. Iceland imports from China worth US$ 680 million, with a partner share of 8.85 percent.
  3. Iceland imports from Germany worth US$ 672 million, with a partner share of 8.75 percent.
  4. Iceland imports from United States worth US$ 652 million, with a partner share of 8.48 percent.
  5. Iceland imports from Netherlands worth US$ 487 million, with a partner share of 6.34 percent.

Iceland Top 5 Productsexports imports at HS 6 digit level 2018

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$ 1,592,807.56 million.
  2. Iceland exported Frozen fish fillets , worth US$ 466,062.23 million.
  3. Iceland exported Fresh or chilled fish fillets , worth US$ 442,390.94 million.
  4. Iceland exported Flours, meals and pellets of fish, etc, unfit f , worth US$ 209,822.31 million.
  5. Iceland exported Bars, rods and other profiles, aluminium alloye , worth US$ 184,468.85 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$ 1,064,530.44 million.
  2. Iceland imported Aluminium oxide, other than artificial corundum , worth US$ 845,962.56 million.
  3. Iceland imported Carbon or graphite electrodes, of a kind used f , worth US$ 252,151.96 million.
  4. Iceland imported Automobiles nes including gas turbine powered , worth US$ 174,733.35 million.
  5. Iceland imported Other medicaments of mixed or unmixed products, , worth US$ 143,564.97 million.

Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2018

Tariffs imposed by Iceland in 2018 are below

  • The maximum rate of tariff in percentage on any product was not available percent.
  • The simple average tariff across all products was not available percent.
  • The trade weighted average tariff was not available .
  • The total duty free imports in thousands of US dollars were not available and duty free tariff line items share was not available percent.

Development Indicators 2018

Key Development Indicators of Iceland in 2018 are below

  • Iceland GDP in current US dollar was 25,878 million.
  • GNI per capita, Atlas method (current US$) was 67,960.00 .
  • Iceland Trade balance: as % of GDP was 3.09.
  • Trade balance in current US$ was 799.00 million.
  • Trade as percentage of GDP was 91.35 .
  • Trade in services as percentage of GDP was 41.93 .

Trade Indicators 2018

Trade Indicators for Iceland in 2018 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 3.23.
  • World Growth in percentage was 3.50 and Iceland Country Growth was 7.45 .