Top Iceland Imports from the World
In 2019, Iceland bought US$6.6 billion worth of imported products up by 24% since 2015 but down by -14.7% from 2018 to 2019.
Top 10 Icelandic Imports from Norway
Norway's exports to Iceland amounted to
$743.9 million or 11.3% of its overall imports.
1. Mineral fuels including oil: $349.4 million
2. Electronic equipment: $115.2 million
3. Ships, boats: $87.1 million
4. Food waste, animal fodder: $48.8 million
5. Fish: $19.3 million
6. Machinery: $16.8 million
7. Salt, sulphur, stone, cement: $15.4 million
8. Inorganic chemicals: $13.9 million
9. Other animal-origin products: $11 million
10. Other chemical goods: $8.6 million
Top 10 Icelandic Imports from the US
America's exports to Iceland amounted to
$556.7 million or 8.5% of its overall imports.
1. Mineral fuels including oil: $211.7 million
2. Machinery: $56.2 million
3. Other chemical goods: $35.5 million
4. Medical, technical equipment: $34.6 million
5. Vehicles: $33.9 million
6. Aircraft, spacecraft: $26.6 million
7. Electronic equipment: $23.1 million
8. Other food preparations: $13.1 million
9. Pharmaceuticals: $10.9 million
10. Inorganic chemicals: $9.7 million
Top 10 Icelandic Imports from Germany
Germany's exports to Iceland amounted to
$542.2 million or 8.3% of its overall imports.
1. Vehicles: $113.4 million
2. Machinery: $90.8 million
3. Electronic equipment: $43.5 million
4. Plastics: $30 million
5. Iron or steel products: $26.8 million
6. Medical, technical equipment: $19.4 million
7. Mineral fuels including oil: $18 million
8. Wood: $15.5 million
9. Pharmaceuticals: $15.3 million
10. Furniture, lighting, signs: $12.9 million
Top 10 Icelandic Imports from China
China's exports to Iceland amounted to
$483.2 million or 7.4% of its overall imports.
1. Electronic equipment: $123.2 million
2. Machinery: $85.8 million
3. Furniture, lighting, signs: $41.2 million
4. Inorganic chemicals: $30.7 million
5. Clothing (not knit or crochet): $30 million
6. Knit or crochet clothing: $20.5 million
7. Toys, games: $16.8 million
8. Iron or steel products: $12.9 million
9. Plastics: $11.2 million
10. Vehicles: $10.3 million
Top 10 Icelandic Imports from Netherlands
Dutch exports to Iceland amounted to
$455 million or 6.9% of its overall imports.
1. Electronic equipment: $178 million
2. Machinery: $37.9 million
3. Other chemical goods: $23.5 million
4. Mineral fuels including oil: $21.3 million
5. Vehicles: $15.3 million
6. Plastics: $14.7 million
7. Vegetables: $10.5 million
8. Medical, technical equipment: $9 million
9. Food waste, animal fodder: $9 million
10. Iron or steel products: $8.6 million
Top 10 Icelandic Imports from Denmark
Denmark's exports to Iceland amounted to
$429.9 million or 6.6% of its overall imports.
1. Mineral fuels including oil: $67.5 million
2. Pharmaceuticals: $57.6 million
3. Machinery: $38.8 million
4. Furniture, lighting, signs: $21.5 million
5. Plastics: $16.7 million
6. Medical, technical equipment: $16.1 million
7. Iron or steel products: $15.7 million
8. Electronic equipment: $14.5 million
9. Paper: $12.7 million
10. Salt, sulphur, stone, cement: $12.6 million
Top 10 Icelandic Imports from the UK
United Kingdom's exports to Iceland amounted to
$411.3 million or 6.3% of its overall imports.
1. Machinery: $113.9 million
2. Vehicles: $54 million
3. Mineral fuels including oil: $22.2 million
4. Electronic equipment: $22.2 million
5. Plastics: $12.9 million
6. Cereal, milk preparations:$12.7 million
7. Medical, technical equipment: $12.7 million
8. Beverages: $9.7 million
9. Aircraft, spacecraft: $9.5 million
10. Other food preparations: $8.2 million
Top 10 Icelandic Imports from Sweden
Sweden's exports to Iceland amounted to
$280.7 million or 4.3% of its overall imports.
1. Vehicles: $43.4 million
2. Machinery: $30.9 million
3. Electronic equipment: $22.2 million
4. Mineral fuels including oil: $15.7 million
5. Inorganic chemicals: $14.6 million
6. Pharmaceuticals: $14.4 million
7. Furniture, lighting, signs: $10.9 million
8. Plastics: $10.3 million
9. Beverages: $10.2 million
10. Paper: $9.2 million
Top 10 Icelandic Imports from Australia
Australia's exports to Iceland amounted to
$203.9 million or 3.1% of its overall imports.
1. Inorganic chemicals: $199.1 million
2. Beverages: $890,000
3. Vehicles: $633,000
4. Perfumes, cosmetics: $453,000
5. Machinery: $405,000
6. Clothing (not knit or crochet): $380,000
7. Salt, sulphur, stone, cement: $315,000
8. Electronic equipment: $312,000
9. Ships, boats: $174,000
10. Knit or crochet clothing: $164,000
Top 10 Icelandic Imports from Poland
Poland's exports to Iceland amounted to
$195.1 million or 3% of its overall imports.
1. Ships, boats: $36 million
2. Machinery: $25.4 million
3. Furniture, lighting, signs: $20.8 million
4. Electronic equipment: $20.3 million
5. Iron or steel products: $17.1 million
6. Vehicles: $12.3 million
7. Plastics: $6.1 million
8. Mineral fuels including oil: $5.2 million
9. Wood: $4.9 million
10. Aluminum: $3.7 million
Top 10 Icelandic Imports from Italy
Italy's exports to Iceland amounted to
$185.8 million or 2.8% of its overall imports.
1. Aluminum: $34.2 million
2. Machinery: $34.2 million
3. Furniture, lighting, signs: $15.6 million
4. Beverages: $10.4 million
5. Electronic equipment: $8.6 million
6. Vehicles: $8.4 million
7. Iron or steel products: $6.8 million
8. Ceramic products: $5 million
9. Plastics: $4.9 million
10. Coffee, tea, spices: $4.5 million
Fastest-Growing Iceland Imports 2019
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 costs are sometimes added to import totals.
Data source: Trade Map, International Trade Centre, www.intracen.org/marketanalysis
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