Oil Imports
Icelandic imports for this product category were $913.3 million. The 10 countries below supplied 97.2% of that total.
1. Norway: $415.6 million (45.5%)
2. United States: $166.8 million (18.3%)
3. Denmark: $125.6 million (13.7%)
4. United Kingdom: $78.6 million (8.6%)
5. Qatar: $36.9 million (4%)
6. Netherlands: $18.8 million (2.1%)
7. France: $16.8 million (1.8%)
8. Poland: $11.7 million (1.3%)
9. Sweden: $8.5 million (0.93%)
10. Russia: $8.3 million (0.9%)
Electronic Equipment Imports
Icelandic imports for this product category were $666.8 million. The 10 countries below supplied 86.7% of that total.
1. Norway: $154.9 million (23.2%)
2. China: $137.7 million (20.7%)
3. Netherlands: $134.5 million (20.2%)
4. Germany: $31.2 million (4.7%)
5. Switzerland: $25.4 million (3.8%)
6. United Kingdom: $21.7 million (3.3%)
7. United States: $20.9 million (3.1%)
8. South Korea: $20.5 million (3.1%)
9. Sweden: $16.7 million (2.5%)
10. Denmark: $14.3 million (2.1%)
Inorganic Chemicals Imports
Icelandic imports for this product category were $543.5 million. The 10 countries below supplied 97.8% of that total.
1. Brazil: $286.7 million (52.8%)
2. United States: $96.1 million (17.7%)
3. Jamaica: $53.9 million (9.9%)
4. Ireland: $31.7 million (5.8%)
5. Venezuela: $14.1 million (2.6%)
6. Spain: $13 million (2.4%)
7. Sweden: $12.7 million (2.3%)
8. China: $9.7 million (1.8%)
9. Netherlands: $7.8 million (1.4%)
10. Norway: $5.8 million (1.1%)
Machines, Engines, Pumps Imports
Icelandic imports for this product category were $446.1 million. The 10 countries below supplied 76.6% of that total.
1. China: $69.8 million (15.6%)
2. Germany: $66.7 million (14.9%)
3. United Kingdom: $39.3 million (8.8%)
4. United States: $37.3 million (8.4%)
5. Denmark: $30 million (6.7%)
6. Italy: $26.9 million (6%)
7. Netherlands: $24.7 million (5.5%)
8. Sweden: $19.3 million (4.3%)
9. Norway: $16.1 million (3.6%)
10. Czech Republic: $11.5 million (2.6%)
Vehicles Imports
Icelandic imports for this product category were $342.4 million. The 10 countries below supplied 82% of that total.
1. Germany: $83 million (24.2%)
2. Japan: $41.1 million (12%)
3. United Kingdom: $32.5 million (9.5%)
4. France: $29.1 million (8.5%)
5. Czech Republic: $26.4 million (7.7%)
6. South Korea: $20.4 million (6%)
7. United States: $17 million (5%)
8. Sweden: $13.3 million (3.9%)
9. Spain: $9.5 million (2.8%)
10. Turkey: $8.7 million (2.5%)
Plastics Imports
Icelandic imports for this product category were $147.3 million. The 10 countries below supplied 76.7% of that total.
1. Germany: $26 million (17.7%)
2. Denmark: $15.1 million (10.2%)
3. Netherlands: $14.3 million (9.7%)
4. China: $11.2 million (7.6%)
5. United Kingdom: $10.6 million (7.2%)
6. Sweden: $9.3 million (6.3%)
7. United States: $9.2 million (6.2%)
8. Lithuania: $6 million (4.1%)
9. Finland: $5.7 million (3.9%)
10. France: $5.5 million (3.7%)
Pharmaceuticals Imports
Icelandic imports for this product category were $140.3 million. The 10 countries below supplied 88.9% of that total.
1. Denmark: $33.9 million (24.2%)
2. Germany: $17.1 million (12.2%)
3. Sweden: $14 million (10%)
4. Belgium: $13.4 million (9.6%)
5. Switzerland: $12 million (8.5%)
6. United States: $8.9 million (6.4%)
7. United Kingdom: $8.9 million (6.4%)
8. Netherlands: $8.1 million (5.8%)
9. Malta: $4.7 million (3.4%)
10. France: $3.7 million (2.6%)
Ships, Boats Imports
Icelandic imports for this product category were $133.5 million. The 10 countries below supplied 99.7% of that total.
1. Norway: $98.1 million (73.5%)
2. Turkey: $28.4 million (21.3%)
3. Poland: $3.9 million (2.9%)
4. Belgium: $770,000 (0.6%)
5. Taiwan: $468,000 (0.4%)
6. Denmark: $426,000 (0.3%)
7. United Kingdom: $311,000 (0.2%)
8. Thailand: $231,000 (0.2%)
9. Faroe Islands: $230,000 (0.2%)
10. Finland: $165,000 (0.1%)
The following countries represent expanding opportunities for leading Icelandic import countries from 2010 to 2014.
Data source: Trade Map, International Trade Centre, www.intracen.org/marketanalysis
Top Iceland Import Partners 2014
Fastest-Growing Icelandic Import Countries
Research Note:
Import numbers rarely match the source exporters’ stats. Reasons for import-export statistical discrepancies include
re-exports, time lags, misallocations, distinct trade reporting systems, different quantity measurements and country confidentiality rules. Also, transportation and insurance
Import numbers rarely match the source exporters’ stats. Reasons for import-export statistical discrepancies include
re-exports, time lags, misallocations, distinct trade reporting systems, different quantity measurements and country confidentiality rules. Also, transportation and insurance
costs are sometimes added to import totals.
Iceland imported US$5.4 billion worth of goods from its international trade buddies in 2014. The accompanying list reveals its 10 top trade partners, accounting for 72.1% of total Icelandic imports.
