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Iceland Trade

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
For viewing trade, tariff data for country or region by year 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.

TRADE SUMMARY FOR Iceland

Overall Exports and Imports for Iceland 2018

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

Top 5 Products exports 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:

  • Iceland exported Aluminium unwrought, not alloyed , worth US$ 1,592,807.56 million.
  • Iceland exported Frozen fish fillets , worth US$ 466,062.23 million.
  • Iceland exported Fresh or chilled fish fillets , worth US$ 442,390.94 million.
  • Iceland exported Flours, meals and pellets of fish, etc, unfit f , worth US$ 209,822.31 million.
  • 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

  • Iceland imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 1,064,530.44 million.
  • Iceland imported Aluminium oxide, other than artificial corundum , worth US$ 845,962.56 million.
  • Iceland imported Carbon or graphite electrodes, of a kind used f , worth US$ 252,151.96 million.
  • Iceland imported Automobiles nes including gas turbine powered , worth US$ 174,733.35 million.
  • Iceland imported Other medicaments of mixed or unmixed products, , worth US$ 143,564.97 million.

Iceland top 5 Export and Import partners 2018

The top five countries to which Iceland exported 2018 along with the partner share in percentage are:

  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.

The top five countries to which Iceland imported goods 2018 along with the share in percentage are

  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 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.


Tariff and Trade Barriers

Tariffs 2017

Tariffs imposed by Iceland in 2017 are below.

  • The maximum rate of tariff in percentage on any product is 2,133.13.
  • The simple average tariff across all products is 1.29.
  • The trade weighted average tariff is 1.57.
  • The total duty free imports in thousands of US dollars are 5,692,864.38 and duty free tariff line items share is 94.56.

Overall Trade Restrictiveness Index (OTRI) 2009

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  • Overall Trade Restrictiveness Index - Applied Tariff for the year 2009 is 0.04.
  • Overall Trade Restrictiveness Index - MFN Tariff for the year 2009 is 0.06.

Non-Tariff Measures (NTM)

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

Temporary Trade Barriers Database (TTDB) .

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  • Temporary Trade Barriers in Effect - Simple Average for the year is not available.
  • Temporary Trade Barriers in Effect - Weighted Average for the year is not available.

Iceland World Development Indicators (WDI) 2018

Key Development Indicators of Iceland in 2018 are below

WDI

Iceland Doing Business 2019

  • The ease of doing business rank for Iceland is 26.
  • The trade across border rank is 53.
Doing Business

Iceland Country Policy and Institutional Assessment (CPIA),

  • The CPIA Trade Ratings for is not available.
CPIA

IcelandLogistics Performance Index (LPI) 2016

  • The LPI score for Iceland in 2016 is 3.35.
  • The LPI rank is 39.
LPI

Iceland Services Service Policy Restrictive Database (SPRD)

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