Iceland: Trade Statistics
Exporter Rank
89 / 127
Importer Rank
90 / 127
Trade Balance Rank
69 / 127
Total Trade [1]
Total Exports (2019) | $5,228,360,516 |
---|---|
Total Imports (2019) | $6,579,003,950 |
Trade Balance (2019) | ($1,350,643,434) |
Exports of goods and services (% of GDP) (2019) [2] | 45.32% |
Imports of goods and services (% of GDP) (2019) [2] | 40.6% |
Trade Partners [1]
Export Partners
Top 10 Export Countries
Country | Export USD$ |
---|---|
Netherlands | $1,373,893,052 |
United Kingdom | $543,630,840 |
Spain | $495,357,615 |
United States | $380,482,439 |
France | $370,054,184 |
Germany | $309,285,848 |
Canada | $225,302,992 |
Norway | $201,970,832 |
China | $129,814,062 |
Denmark | $121,857,486 |
Import Partners
Top 10 Import Countries
Country | Import USD$ |
---|---|
Norway | $744,766,033 |
United States | $561,375,359 |
Germany | $546,009,053 |
China | $485,664,372 |
Netherlands | $456,038,352 |
Denmark | $434,385,642 |
United Kingdom | $415,112,468 |
Sweden | $281,842,533 |
Australia | $203,754,400 |
Poland | $196,266,311 |
Traded Goods [1] (at the 2-digit HS Code level)
Top 10 Export Goods
HS Code | Export USD$ |
---|---|
(03) Seafood | $2,030,585,649 |
(76) Aluminum | $1,801,652,956 |
(88) Aircraft | $155,574,642 |
(72) Iron & Steel | $143,512,738 |
(84) Industrial Machinery | $137,408,331 |
(23) Animal Feeds | $132,920,468 |
(90) Precision Instruments | $121,280,647 |
(16) Prepared Meats | $118,358,523 |
(15) Fats & Oils | $90,300,631 |
(27) Oil & Mineral Fuels | $83,317,431 |
Top 10 Import Goods
HS Code | Import USD$ |
---|---|
(27) Oil & Mineral Fuels | $793,802,803 |
(85) Electrical Machinery | $720,257,976 |
(84) Industrial Machinery | $716,100,501 |
(28) Inorganic Chemicals | $667,742,642 |
(87) Motor Vehicles & Parts | $534,050,551 |
(94) Furniture | $202,904,936 |
(39) Plastics | $176,804,491 |
(89) Ships & Boats | $160,318,954 |
(73) Iron & Steel Articles | $160,138,686 |
(30) Pharmaceuticals | $159,316,114 |
Sources:
- UN Comtrade (2019) except where stated otherwise.
- The World Bank. Accessed: 11/17/2020
Iceland