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Iceland Trade at a Glance : Most Recent Values

Latest trade data available from various sources.
Iceland monthly trade data
Iceland quarterly trade data

Please note: The data from various sources are not from the same year.

Year

Iceland exports, imports, trade and tariff indicators 2023

Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

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Iceland Trade

Overall Exports and Imports for Iceland 2025

The total value of exports (FOB) is US$ 7,183 million.
The total value of imports (CIF) is US$ 10,945 million.
The total trade was US$ 18,129 million.
The trade balance was US$ -3,762 million.

Iceland Monthly Exports and imports, in Mar 2026

The total value of exports (FOB) is US$ 762,679 K.
The total value of imports (CIF) is US$ 1,046,912 K.
The total trade was US$ 1,809,591 K.
The trade balance was US$ -284,232 K.

Iceland Trade Indicators 2023

Hirschman Herfindahl Market concentration index is 0.11.
Index of export market penetration is 0.11.
World Growth in percentage is 0.11 and Iceland Country Growth is -3.83.

Iceland Service Trade data from WDI 2023

Iceland, Service imports (BoP, current US$) is 4,770,748,331.03.
Iceland, Service exports (BoP, current US$) is 7,163,727,666.91.
Iceland, Imports of goods and services as percentage of GDP is 43.29 %.
Iceland, Exports of goods and services as percentage of GDP is 43.44 %.

Tariff and Trade Barriers

Tariffs 2023

Tariffs imposed by Iceland in 2023 are below.

The maximum rate of tariff in percentage on any product is 1,648.74.
The simple average tariff across all products is 1.24.
The trade weighted average tariff is 1.89.
The total duty free imports in thousands of US dollars are 6,704,890.11 and duty free tariff line items share is 94.53.

Iceland Foreign Direct Investment (FDI) 2024

FDI Inward stock (in US$ Mil) was US$ 10,415 million.
FDI Inward stock flow (in US$ Mil) was US$ 189 million.
FDI Outward stock (in US$ Mil) was US$ 5,550 million.
FDI Outward stock flow (in US$ Mil) was US$ 121 million.

Non-Tariff Measures (NTM)

No Of NTM Measures is not available.
No Of NTM Affected Products (HS 6 Digit) is not available.

Iceland World Development Indicators (WDI) 2023

Key Development Indicators of Iceland in 2023 are below

The population of Iceland is 353,574.
GDP in US$ is 31,452 million .
GNI per capita, Atlas method in current US dollars is 80,760.00.
Trade balance in US$ is 48.00 million.
Trade in services as percentage of GDP is 0.15 %.

WDI

Iceland Global Value Chain (GVC) 2020

GVC related output as percentage of output was 17 %.
GVC related trade as percentage of trade was 46 %.

GVC

Iceland Services Service Policy Restrictive Database (SPRD)

Services Trade Restrictions Index (Over All) for Iceland is not available.

SPRD