Overall Exports and Imports for Iceland 2022
- The total value of exports (FOB) is US$ 7,404 million.
- The total value of imports (CIF) is US$ 9,644 million.
- At the HS6 digit level, 1,821 products are exported to 127 countries and 4,103 products are imported from 167 countries.
Top 5 Products exports imports at HS 6 digit level 2022
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 2,278,406.01 (US$ Thousands).
- Iceland exported Frozen fish fillets , worth 588,276.06 (US$ Thousands).
- Iceland exported Fresh or chilled fish fillets , worth 507,608.63 (US$ Thousands).
- Iceland exported Aluminium unwrought, alloyed , worth 372,714.83 (US$ Thousands).
- Iceland exported Ferro-silicon, containing by weight more than 5 , worth 343,698.71 (US$ Thousands).
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 1,319,140.63 (US$ Thousands).
- Iceland imported Aluminium oxide, other than artificial corundum , worth 698,409.43 (US$ Thousands).
- Iceland imported Automobiles nes including gas turbine powered , worth 590,035.39 (US$ Thousands).
- Iceland imported Carbon or graphite electrodes, of a kind used f , worth 293,600.47 (US$ Thousands).
- Iceland imported Carbon or graphite electrodes,of a kind used fo , worth 200,595.40 (US$ Thousands).
Iceland top 5 Export and Import partners 2022
The top five countries to which Iceland exported 2022 along with the partner share in percentage are:
- Iceland exports to Netherlands worth US$ 2,791 million, with a partner share of 37.70 percent.
- Iceland exports to United Kingdom worth US$ 665 million, with a partner share of 8.99 percent.
- Iceland exports to United States worth US$ 577 million, with a partner share of 7.80 percent.
- Iceland exports to Germany worth US$ 482 million, with a partner share of 6.51 percent.
- Iceland exports to France worth US$ 472 million, with a partner share of 6.37 percent.
The top five countries to which Iceland imported goods 2022 along with the share in percentage are
- Iceland imports from Norway worth US$ 1,187 million, with a partner share of 12.30 percent.
- Iceland imports from China worth US$ 903 million, with a partner share of 9.37 percent.
- Iceland imports from Germany worth US$ 801 million, with a partner share of 8.30 percent.
- Iceland imports from Netherlands worth US$ 689 million, with a partner share of 7.15 percent.
- Iceland imports from United States worth US$ 611 million, with a partner share of 6.33 percent.
Iceland Exports and Imports of Product Groups 2022
Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import.
- Iceland Raw materials exports are worth US$ 2,151 million, product share of 29.05%.
- Iceland Raw materials imports are worth US$ 480 million, product share of 4.98%.
- Iceland Intermediate goods exports are worth US$ 4,276 million, product share of 57.75%.
- Iceland Intermediate goods imports are worth US$ 1,795 million, product share of 18.62%.
- Iceland Consumer goods exports are worth US$ 612 million, product share of 8.27%.
- Iceland Consumer goods imports are worth US$ 4,650 million, product share of 48.22%.
- Iceland Capital goods exports are worth US$ 326 million, product share of 4.41%.
- Iceland Capital goods imports are worth US$ 2,718 million, product share of 28.18%.
Iceland Trade Indicators 2022
- Hirschman Herfindahl Market concentration index is 0.12.
- Index of export market penetration is 0.12.
- World Growth in percentage is 0.12 and Iceland Country Growth is 7.45.
Iceland Service Trade data from WDI 2022
- Iceland, Service imports (BoP, current US$) is 4,151,853,190.97.
- Iceland, Service exports (BoP, current US$) is 5,583,758,741.26.
- Iceland, Imports of goods and services as percentage of GDP is 47.04 %.
- Iceland, Exports of goods and services as percentage of GDP is 46.31 %.