Iceland shipped US$5 billion worth of goods around the world in 2014. The accompanying list reveals its 10 top trade partners, accounting for 78% of total Icelandic exports.
Aluminum Exports
Icelandic exports for this product category were $1.9 billion. The 10 countries below imported 97.5% of that total.
1. Netherlands: $1.2 billion (59.8%)
2. Spain: $177.9 million (9.2%)
3. Germany: $133.9 million (6.9%)
4. United Kingdom: $131.8 million (6.8%)
5. Hungary: $73.2 million (3.8%)
6. Switzerland: $59 million (3%)
7. Italy: $55.5 million (2.9%)
8. France: $45.9 million (2.4%)
9. Belgium: $33.9 million (1.75%)
10. Australia: $21.9 million (1.1%)
Fish Exports
Icelandic exports for this product category were $1.8 billion. The 10 countries below imported 80% of that total.
1. United Kingdom: $266.3 million (15.1%)
2. Spain: $186 million (10.5%)
3. Russia: $176.8 million (10%)
4. France: $172.7 million (9.8%)
5. United States: $129 million (7.3%)
6. Nigeria: $128.2 million (7.3%)
7. Netherlands: $111.9 million (6.3%)
8. Germany: $109.6 million (6.2%)
9. Belgium: $74.5 million (4.2%)
10. Lithuania: $54.8 million (3.1%)
Iron and Steel Exports
Icelandic exports for this product category were $175.1 million. The 10 countries below imported 99.3% of that total.
1. Netherlands: $73.3 million (41.9%)
2. Germany: $30.1 million (17.2%)
3. United Kingdom: $21 million (12%)
4. Japan: $16.2 million (9.3%)
5. United States: $13.9 million (8%)
6. Canada: $8.9 million (5.1%)
7. Spain: $6.4 million (3.7%)
8. Egypt: $2.1 million (1.2%)
9. Portugal: $1.1 million (0.6%)
10. Sweden: $774,000 (0.4%)
Food Waste, Animal Fodder Exports
Icelandic exports for this product category were $137.9 million. The 10 countries below imported 99.8% of that total.
1. Norway: $105.8 million (76.7%)
2. Denmark: $15 million (10.9%)
3. United Kingdom: $11.3 million (8.2%)
4. Netherlands: $2.2 million (1.6%)
5. Finland: $2.1 million (1.5%)
6. Germany: $419,000 (0.3%)
7. Italy: $367,000 (0.3%)
8. Taiwan: $349,000 (0.3%)
9. United States: $87,000 (0.1%)
10. Thailand: $74,000 (0.1%)
Meat and Seafood Preparations Exports
Icelandic exports for this product category were $122.6 million. The 10 countries below imported 90.7% of that total.
1. United Kingdom: $63.4 million (51.7%)
2. Denmark: $24.8 million (20.2%)
3. France: $7 million (5.7%)
4. Germany: $3.4 million (2.8%)
5. Latvia: $2.9 million (2.4%)
6. Estonia: $2.5 million (2.1%)
7. United States: $2.3 million (1.9%)
8. Ukraine: $1.7 million (1.4%)
9. Poland: $1.7 million (1.3%)
10. Spain: $1.5 million (1.3%)
Machines, Engines, Pumps Exports
Icelandic exports for this product category were $111.3 million. The 10 countries below imported 73.3% of that total.
1. Norway: $14.3 million (12.8%)
2. United States: $10.1 million (9%)
3. Faroe Islands: $9.2 million (8.3%)
4. Denmark: $8.5 million (7.6%)
5. Netherlands: $7.6 million (6.8%)
6. Mexico: $7.4 million (6.6%)
7. United Kingdom: $6.8 million (6.1%)
8. Canada: $6.4 million (5.8%)
9. Turkey: $6 million (5.4%)
10. Australia: $5.4 million (4.9%)
Ships, Boats Exports
Icelandic exports for this product category were $107.9 million. The 10 countries below imported 99.9% of that total.
1. Greenland: $55.8 million (51.7%)
2. Russia: $28.3 million (26.2%)
3. Norway: $16.8 million (15.6%)
4. United Kingdom: $3.2 million (3%)
5. Portugal: $2.2 million (2%)
6. Faroe Islands: $503,000 (0.5%)
7. Denmark: $372,000 (0.3%)
8. Belgium: $342,000 (0.3%)
9. Italy: $255,000 (0.2%)
10. Netherlands: $67,000 (0.1%)
Medical, Technical Equipment Exports
Icelandic exports for this product category were $103.4 million. The 10 countries below imported 92.4% of that total.
1. United States: $51.4 million (49.7%)
2. Netherlands: $28.3 million (27.4%)
3. France: $3.3 million (3.2%)
4. Denmark: $2.6 million (2.5%)
5. Russia: $2.2 million (2.1%)
6. Germany: $2.1 million (2.1%)
7. United Kingdom: $1.8 million (1.8%)
8. Brazil: $1.5 million (1.4%)
9. Norway: $1.4 million (1.3%)
10. Spain: $903,000 (0.9%)
The following countries represent expanding opportunities for Icelandic exports from 2010 to 2014.
Data source: Trade Map, International Trade Centre, www.intracen.org/marketanalysis
Top Iceland Trade Partners 2014
Fastest-Growing Icelandic Export Countries
