Iceland

PRODUCT EXPORTS (2018)

$6.67B

RANK 102 OF 222

EXPORTS PER CAPITA (2018)

$18.9K

RANK 116 OF 219

PRODUCT IMPORTS (2018)

$7.79B

RANK 113 OF 221

IMPORTS PER CAPITA (2018)

$22.1K

RANK 117 of 219

SERVICE EXPORTS (2017)

$6.19B

RANK 66 OF 139

SERVICE IMPORTS (2017)

$3.56B

RANK 75 OF 139

GDP (2018)

$25.9B

CURRENT US$
RANK 107 OF 196

GDP GROWTH (2008-2018)

44.5%

CURRENT US$
RANK 89 OF 196

GDP PC (2018)

$73,191

CURRENT US$
RANK 7 OF 196

GDP PC GROWTH (2008-2018)

29.7%

Overview: This page contains the latest international trade data for Iceland, including service trade data, and tariffs. In 2018 Iceland was the number 107 economy in the world in terms of GDP (current US$), the number 102 in total exports, and the number 113 in total imports. In 2018, Iceland exported $6.67B and imported $7.79B, resulting in a negative trade balance of -$1.12B. In 2018, Iceland’s exports per capita were $18.9k and its imports per capita were $22.1k.

Trade: The top exports of Iceland are Raw Aluminium ($2.25B), Fish Fillets ($977M), Non-fillet Frozen Fish ($395M), Processed Fish($293M), and Passenger and Cargo Ships ($273M). The top imports of Iceland are Refined Petroleum ($837M), Aluminium Oxide($766M), Cars ($505M), Carbon-based Electronics ($405M), and Planes, Helicopters, and/or Spacecraft ($332M).

Destinations: Iceland exports mostly to Netherlands ($1.66B), Germany ($588M), United Kingdom ($562M), Spain ($455M), and France ($415M), and imports mostly from Germany ($878M), Norway ($771M), Netherlands ($699M), Denmark ($607M), and United States ($578M).

Exports

In 2018 Iceland exported a total of $6.67B, making it the number 102 exporter in the world. During the last five reported years the exports of Iceland have changed by $882M from $5.79B in 2013 to $6.67B in 2018.

The most recent exports are led by Raw Aluminium ($2.25B), Fish Fillets ($977M), Non-fillet Frozen Fish ($395M), Processed Fish ($293M), and Passenger and Cargo Ships ($273M).

Imports

In 2018 Iceland imported $7.79B, making it the number 113 trade destination in the world. During the last five reported years the imports of Iceland changed by $2.54B from $5.25B in 2013 to $7.79B in 2018.

The most recent imports of Iceland are led by Refined Petroleum ($837M), Aluminium Oxide ($766M), Cars ($505M), Carbon-based Electronics ($405M), and Planes, Helicopters, and/or Spacecraft ($332M).

Trade Balance

As of 2018 Iceland had a negative trade balance of $1.9B in net imports. As compared to their trade balance in 1995 when they had a positive trade balance of $196M in net exports.

Destinations

The most common destination for the exports of Iceland are Netherlands ($1.66B), Germany ($588M), United Kingdom ($562M), Spain ($455M), and France ($415M).

Origins

The most common import partners for Iceland are Germany ($878M), Norway ($771M), Netherlands ($699M), Denmark ($607M), and United States ($578M).