Annual International Trade Statistics by Country
Publication date: 2020-02-10
Reporting period: 2002 - 2018
Timeseries: 173 million
Source:UN Comtrade
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Iceland | Imports and Exports | World | ALL COMMODITIES | Netweight (kg); Quantity and Value (US$) | 2008 - 2019

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Commodity Reporter Partner Trade flow Indicator 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
TOTAL. ALL COMMODITIES Iceland World Exports Value (US$) 5 355 429 839.00 4 056 961 689.00 4 603 089 478.00 5 348 791 180.00 5 063 441 687.00 4 997 710 433.00 5 051 299 749.00 4 721 984 946.00 4 449 729 754.00 4 882 605 885.00 5 561 475 841.00 5 228 360 516.00
Imports Value (US$) 6 165 928 277.00 3 603 988 709.00 3 914 349 444.00 4 845 760 241.00 4 771 916 219.00 5 019 243 432.00 5 371 918 875.00 5 285 373 474.00 5 703 240 191.00 6 970 762 505.00 7 686 033 358.00 6 579 003 950.00

The value of merchandise exports from Iceland totalled $ 5.22 billion in 2019. Overall commodity exports from Iceland decreased by 5.98% compared to 2018. Merchandise exports decreased by $ 333 million (the value of merchandise exports from Iceland amounted to $5.56 billion in 2018)

Iceland's exports 2019 by country

Top export destinations of commodities from Iceland in 2019:

  • Netherlands with a share of 26% (1.37 billion US$)
  • United Kingdom with a share of 10.3% (543 million US$)
  • Spain with a share of 9.47% (495 million US$)
  • USA with a share of 7.27% (380 million US$)
  • France with a share of 7.07% (370 million US$)
  • Germany with a share of 5.91% (309 million US$)
  • Canada with a share of 4.3% (225 million US$)
  • Norway with a share of 3.86% (201 million US$)
  • China with a share of 2.48% (129 million US$)
  • Denmark with a share of 2.33% (121 million US$)

Exports structure from Iceland in 2019 represented by the following main commodity groups:

  • 38% (2.01 billion US$): 03 - Fish and crustaceans, molluscs and other aquatic invertebrates
  • 34% (1.8 billion US$): 76 - Aluminum and articles thereof
  • 2.97% (155 million US$): 88 - Aircraft, spacecraft, and parts thereof
  • 2.74% (143 million US$): 72 - Iron and steel
  • 2.62% (137 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 2.58% (135 million US$): 16 - Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates
  • 2.54% (132 million US$): 23 - Residues and waste from the food industries; prepared animal feed
  • 2.32% (121 million US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 1.72% (90 million US$): 15 - Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes
  • 1.59% (83 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

What did Iceland export in 2019?

Iceland's Top Exports in 2019:

  • 27% ($1.42 billion): 7601 - Unwrought aluminium.
  • 19.7% ($1.03 billion): 0304 - Fish fillets and other fish meat (whether or not minced), fresh, chilled or frozen.
  • 7.02% ($367 million): 0303 - Fish, frozen, excluding fish fillets and other fish meat of heading 03.04.
  • 5.83% ($305 million): 0305 - Fish, dried, salted or in brine; smoked fish, whether or not cooked before or during the smoking process; flours, meals and pellets of fish, fit for human consumption.
  • 5.23% ($273 million): 0302 - Fish, fresh or chilled, excluding fish fillets and other fish meat of heading 03.04.
  • 2.95% ($154 million): 7605 - Aluminium wire.
  • 2.91% ($152 million): 8802 - Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles.
  • 2.77% ($144 million): 7604 - Aluminium bars, rods and profiles.
  • 2.52% ($132 million): 7202 - Ferro-alloys.
  • 2.43% ($127 million): 2301 - Flours, meals and pellets, of meat or meat offal, of fish or of crustaceans, molluscs or other aquatic invertebrates, unfit for human consumption; greaves.

The value of merchandise imports to Iceland totalled $ 6.57 billion in 2019. Overall commodity imports to Iceland decreased by 14.4% compared to 2018. Merchandise imports decreased by $ 1.1 billion (the value of merchandise imports to Iceland was equal to $7.68 billion in 2018)

Iceland's imports 2019 by country

Top trading partners (import sources) of Iceland in 2019:

  • Norway with a share of 11.3% (744 million US$)
  • USA with a share of 8.53% (561 million US$)
  • Germany with a share of 8.29% (546 million US$)
  • China with a share of 7.38% (485 million US$)
  • Netherlands with a share of 6.93% (456 million US$)
  • Denmark with a share of 6.6% (434 million US$)
  • United Kingdom with a share of 6.3% (415 million US$)
  • Sweden with a share of 4.28% (281 million US$)
  • Australia with a share of 3.09% (203 million US$)
  • Poland with a share of 2.98% (196 million US$)

Imports structure to Iceland in 2019 represented by the following main commodity groups:

  • 12% (793 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 11% (724 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 10.8% (711 million US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 10.1% (667 million US$): 28 - Inorganic chemicals; organic or inorganic compounds of precious metals, of rare earth metals, of radioactive elements or of isotopes
  • 8.11% (534 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.08% (202 million US$): 94 - Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings
  • 2.69% (177 million US$): 39 - Plastics and articles thereof
  • 2.43% (160 million US$): 89 - Ships, boats and floating structures
  • 2.43% (160 million US$): 73 - Articles of iron or steel
  • 2.41% (159 million US$): 30 - Pharmaceutical products

What did Iceland import in 2019?

Iceland's Top Imports in 2019:

  • 11.4% ($751 million): 2710 - Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils.
  • 9.25% ($609 million): 2818 - Artificial corundum, whether or not chemically defined; aluminium oxide; aluminium hydroxide.
  • 5.19% ($341 million): 8545 - Carbon electrodes, carbon brushes, lamp carbons, battery carbons and other articles of graphite or other carbon, with or without metal, of a kind used for electrical purposes.
  • 4.87% ($321 million): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.
  • 2.93% ($193 million): 8471 - Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included.
  • 2.17% ($143 million): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale.
  • 1.52% ($100 million): 8902 - Fishing vessels; factory ships and other vessels for processing or preserving fishery products.
  • 1.48% ($97 million): 8525 - Transmission apparatus for radio-telephony, radio-telegraphy, radio-broadcasting or television, whether or not incorporating reception apparatus or sound recording or reproducing apparatus; television cameras; still image video cameras and other video camera recorders; digital cameras.
  • 1.26% ($83 million): 2309 - Preparations of a kind used in animal feeding.
  • 1.09% ($71 million): 9403 - Other furniture and parts thereof.

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Iceland | Imports and Exports | World | ALL COMMODITIES | Netweight (kg); Quantity and Value (US$) | 2008 - 2019