Overall Exports and Imports for Iceland 2023
- The total value of exports (FOB) is US$ 6,808 million.
- The total value of imports (CIF) is US$ 9,470 million.
- At the HS6 digit level, 1,915 products are exported to 130 countries and 4,148 products are imported from 172 countries.
Top 5 Products exports imports at HS 6 digit level 2023
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 1,796,997.11 (US$ Thousands).
- Iceland exported Frozen fish fillets , worth 530,745.48 (US$ Thousands).
- Iceland exported Fresh or chilled fish fillets , worth 502,448.74 (US$ Thousands).
- Iceland exported Aluminium unwrought, alloyed , worth 290,963.63 (US$ Thousands).
- Iceland exported Flours, meals and pellets of fish, etc, unfit f , worth 286,047.44 (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 1,165,037.24 (US$ Thousands).
- Iceland imported Automobiles nes including gas turbine powered , worth 635,839.29 (US$ Thousands).
- Iceland imported Aluminium oxide, other than artificial corundum , worth 614,265.04 (US$ Thousands).
- Iceland imported Carbon or graphite electrodes, of a kind used f , worth 326,673.23 (US$ Thousands).
- Iceland imported Carbon or graphite electrodes,of a kind used fo , worth 225,147.24 (US$ Thousands).
Iceland top 5 Export and Import partners 2023
The top five countries to which Iceland exported 2023 along with the partner share in percentage are:
- Iceland exports to Netherlands worth US$ 2,440 million, with a partner share of 35.84 percent.
- Iceland exports to United States worth US$ 661 million, with a partner share of 9.71 percent.
- Iceland exports to United Kingdom worth US$ 592 million, with a partner share of 8.70 percent.
- Iceland exports to France worth US$ 437 million, with a partner share of 6.43 percent.
- Iceland exports to Norway worth US$ 391 million, with a partner share of 5.75 percent.
The top five countries to which Iceland imported goods 2023 along with the share in percentage are
- Iceland imports from Norway worth US$ 1,095 million, with a partner share of 11.56 percent.
- Iceland imports from Germany worth US$ 837 million, with a partner share of 8.84 percent.
- Iceland imports from China worth US$ 827 million, with a partner share of 8.73 percent.
- Iceland imports from Netherlands worth US$ 724 million, with a partner share of 7.65 percent.
- Iceland imports from United States worth US$ 716 million, with a partner share of 7.56 percent.
Iceland Exports and Imports of Product Groups 2023
Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import.
- Iceland Raw materials exports are worth US$ 2,102 million, product share of 30.87%.
- Iceland Raw materials imports are worth US$ 432 million, product share of 4.56%.
- Iceland Intermediate goods exports are worth US$ 3,577 million, product share of 52.55%.
- Iceland Intermediate goods imports are worth US$ 1,618 million, product share of 17.08%.
- Iceland Consumer goods exports are worth US$ 628 million, product share of 9.23%.
- Iceland Consumer goods imports are worth US$ 4,631 million, product share of 48.90%.
- Iceland Capital goods exports are worth US$ 445 million, product share of 6.54%.
- Iceland Capital goods imports are worth US$ 2,790 million, product share of 29.46%.
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
- Iceland, Service imports (BoP, current US$) is not available.
- Iceland, Service exports (BoP, current US$) is not available.
- Iceland, Imports of goods and services as percentage of GDP is not available.
- Iceland, Exports of goods and services as percentage of GDP is not available.