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Overview In 2022, Iceland was the number 107 economy in the world in terms of GDP (current US$), the number 116 in total exports, the number 118 in total imports, the number 9 economy in terms of GDP per capita (current US$) and the number N/A most complex economy according to the Economic Complexity Index (ECI) .

Exports The top exports of Iceland are Raw Aluminium ($2.2B), Fish Fillets ($1.19B), Non-fillet Fresh Fish ($477M), Non-fillet Frozen Fish ($377M), and Ferroalloys ($352M), exporting mostly to Netherlands ($1.97B), United Kingdom ($672M), United States ($613M), Germany ($573M), and France ($459M).

Imports The top imports of Iceland are Refined Petroleum ($1.15B), Aluminium Oxide ($656M), Cars ($629M), Carbon-based Electronics ($493M), and Planes, Helicopters, and/or Spacecraft ($382M), importing mostly from Norway ($1.17B), Netherlands ($908M), Denmark ($744M), Germany ($743M), and China ($644M).

Latest Trends

Latest Trade

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The following section uses the most recent trade data from partners of Iceland.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

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Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Potential Exports

Potential Exports

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Service Trade

Service Trade

Iceland Exports Services (2019)$5.09B
Iceland Imports Services (2019)$3.17B

In 2019, Iceland exported $5.09B worth of services. The top services exported by Iceland in 2019 were Personal travel ($2.63B), Air transport ($1.4B), Royalties and license fees ($285M), Miscellaneous business, professional, and technical services ($185M), and Sea transport ($173M).

The top services imported by Iceland in 2019 were N/A.

Service Exports (2019)

Service Imports (2019)

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