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iceland Trade Data Intelligence

iceland accounted for nearly 0.05% of global imports and 0.04% of global exports, worldwide in 2020.

$9.17 B
Exports value in 2020
$11.40 B
Imports value in 2020
-$2.23 B
Trade Surplus in 2020

The top 5 countries where iceland exportedin 2020 are Netherlands ($1.86 B), Spain ($1.59 B), United Kingdom ($1.02 B), France ($739.72 M) and Germany ($504.32 M).

The biggest import sources of iceland are Germany ($1.02 B), Norway ($1.00 B), China ($960.84 M), Netherlands ($883.56 M) and Denmark ($815.30 M).

iceland's Exports 2020 - Top 5 countries


$1.86 B


$1.59 B

United Kingdom

$1.02 B


$739.72 M


$504.32 M
iceland's Imports 2020 - Top 5 countries


$1.02 B


$1.00 B


$960.84 M


$883.56 M


$815.30 M
Top 5 products iceland exports

Product: Fish and crustaceans, molluscs and other aquatic invertebrates

HS Code: 03

Trade Value: $3.81 B

Product: Aluminium and articles thereof

HS Code: 76

Trade Value: $3.22 B

Product: Iron and steel

HS Code: 72

Trade Value: $286.19 M

Product: Food industries, residues and wastes thereof; prepared animal fodder

HS Code: 23

Trade Value: $281.66 M

Product: Meat, fish or crustaceans, molluscs or other aquatic invertebrates; preparations thereof

HS Code: 16

Trade Value: $217.84 M

Top 5 products iceland imports

Product: Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles

HS Code: 85

Trade Value: $1.33 B

Product: Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof

HS Code: 84

Trade Value: $1.20 B

Product: Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof

HS Code: 87

Trade Value: $1.07 B

Product: Inorganic chemicals; organic and inorganic compounds of precious metals; of rare earth metals, of radio-active elements and of isotopes

HS Code: 28

Trade Value: $1.01 B

Product: Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

HS Code: 27

Trade Value: $763.99 M

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HS Codes with more than 10 years global trade trends

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