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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 2019

  • The total value of exports (FOB) is US$ 5,228 million.
  • The total value of imports (CIF) is US$ 6,579 million.
  • At the HS6 digit level, 1,453 products are exported to 133 countries and 3,990 products are imported from 152 countries.

Top 5 Products exports imports at HS 6 digit level 2019

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$ 1,313,301.41 million.
  • Iceland exported Frozen fish fillets , worth US$ 508,146.23 million.
  • Iceland exported Fresh or chilled fish fillets , worth US$ 472,974.20 million.
  • Iceland exported Wire,aluminium,not alloyed,with a max cross sec , worth US$ 154,426.00 million.
  • Iceland exported Aircraft nes of an unladen weight exceeding 15, , worth US$ 150,715.68 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$ 751,312.04 million.
  • Iceland imported Aluminium oxide, other than artificial corundum , worth US$ 609,112.16 million.
  • Iceland imported Carbon or graphite electrodes, of a kind used f , worth US$ 218,917.47 million.
  • Iceland imported Automobiles nes including gas turbine powered , worth US$ 143,453.46 million.
  • Iceland imported Other medicaments of mixed or unmixed products, , worth US$ 135,415.58 million.

Iceland top 5 Export and Import partners 2019

The top five countries to which Iceland exported 2019 along with the partner share in percentage are:

  1. Iceland exports to Netherlands worth US$ 1,374 million, with a partner share of 26.28 percent.
  2. Iceland exports to United Kingdom worth US$ 544 million, with a partner share of 10.40 percent.
  3. Iceland exports to Spain worth US$ 495 million, with a partner share of 9.47 percent.
  4. Iceland exports to United States worth US$ 380 million, with a partner share of 7.28 percent.
  5. Iceland exports to France worth US$ 370 million, with a partner share of 7.08 percent.

The top five countries to which Iceland imported goods 2019 along with the share in percentage are

  1. Iceland imports from Norway worth US$ 745 million, with a partner share of 11.32 percent.
  2. Iceland imports from United States worth US$ 561 million, with a partner share of 8.53 percent.
  3. Iceland imports from Germany worth US$ 546 million, with a partner share of 8.30 percent.
  4. Iceland imports from China worth US$ 486 million, with a partner share of 7.38 percent.
  5. Iceland imports from Netherlands worth US$ 456 million, with a partner share of 6.93 percent.

Iceland Exports and Imports of Product Groups 2019

Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import.


Tariff and Trade Barriers

Tariffs 2019

Tariffs imposed by Iceland in 2019 are below.

  • The maximum rate of tariff in percentage on any product is 2,276.97.
  • The simple average tariff across all products is 1.17.
  • The trade weighted average tariff is 1.53.
  • The total duty free imports in thousands of US dollars are 5,369,112.34 and duty free tariff line items share is 96.01.

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) 2019

Key Development Indicators of Iceland in 2019 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