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Iceland – Trade Statistics

  • Iceland is the 109th largest export economy in the world. In 2014, Iceland exported $5.83B and imported $5.56B, resulting in a positive trade balance of $268M. In 2014 the GDP of Iceland was $17B and its GDP per capita was $44k.
  • The top exports of Iceland are Raw Aluminium ($1.87B), Fish Fillets ($976M), Non-fillet Frozen Fish ($449M), Processed Fish ($324M) and Aluminium Wire ($247M), using the 1992 revision of the HS (Harmonized System) classification.
  • Its top imports are Refined Petroleum ($815M), Aluminium Oxide ($468M), Carbon-based Electronics ($374M), Cars ($217M) and Packaged Medicaments ($120M).
  • The top export destinations of Iceland are the Netherlands ($1.52B), Germany ($603M), the United Kingdom ($593M), Spain ($343M) and France ($306M).
  • The top import origins are Norway ($822M), the United States ($543M), Denmark ($432M), Germany ($414M) and China ($392M).
  • Iceland holds a place of 19th out of 189 popular countries(economically) in case of doing a business in country.’Getting Credit’ is one of the topics in which Iceland has decreased it’s ranking from 52 to 59 and also country has decreased it’s ranking from 31 to 40 in case of ‘Starting a Business’.