Iceland Import Export Data 2026 May
Access the latest Iceland Import Export Data, Iceland Customs and Shipping Database
Iceland is a North Atlantic island economy with strong fisheries, aluminum smelting, and tourism. In 2024, Iceland exported $6.9B and imported $9.9B (trade deficit of $2.9B), led by aluminum, fish products, ferrosilicon, and pharmaceuticals. Customs follows the Iceland Tariff Schedule, and Iceland is a member of EFTA and the EEA. Search Iceland import export data on TradeInt to find importers, exporters, and analyze trade flows by HS code.
Iceland Import Export Profile Summary
Iceland Total Trade Volume
US$16.8B in 2024
Iceland Growth Trend YoY
Iceland Trade Balance
Iceland Global Trade Role
Resource-driven exporter
Iceland Import Export Insights by HS Code
Key Iceland Import 2-Digit HS Code: 84
In 2024, Iceland imported products under HS code 84 for approximately US$1.5B based on Iceland import data.
Explore Iceland import data by HS codeKey Iceland Export 2-Digit HS Code: 03
In 2024, Iceland exported products under HS code 03 for approximately US$2.4B based on Iceland export data.
Explore Iceland export data by HS code
Iceland Import Export Partners by Country
Who are Iceland top 3 import trade partners?
Top 1 Import Trade Partner 2024: Norway (US$1.1B)
Top 2 Import Trade Partner 2024: China (US$1B)
Top 3 Import Trade Partner 2024: United States (US$847.4M)
Who are Iceland top 3 export trade partners?
Top 1 Export Trade Partner 2024: Netherlands (US$2.3B)
Top 2 Export Trade Partner 2024: United States (US$800.7M)
Top 3 Export Trade Partner 2024: United Kingdom (US$667.6M)
Iceland Import Export Insights by Product Sector
Key Iceland Import Product Sector: Machines
In 2024, Iceland imported products in the Machines sector for approximately US$2.6B based on Iceland import data.
Explore Iceland import data by productKey Iceland Export Product Sector: Metals
In 2024, Iceland exported products in the Metals sector for approximately US$2.6B based on Iceland export data.
Explore Iceland export data by productIceland Import Data Insights by Top 2-digit HS Code
74 /98
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Iceland Top Imports by 2-digit HS Code (2026 May)
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Iceland Top Trade Import Partner Statistics (2026 May)
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Iceland Import Export Trade Data Coverage
What does Iceland import data include?
- Importer companies and contact details
- HS code classifications with detailed product descriptions
- Declared CIF values and shipment quantities
- Port of discharge and transport mode details
What does Iceland export data include?
- Exporter companies and contact details
- Product descriptions with HS tariff codes
- FOB values, weight, and quantity per shipment
- Port of loading and transport mode details
What tariff system and trade agreements apply to Iceland?
- 8-digit national nomenclature based on the WCO Harmonized System
- Member of EFTA and the European Economic Area (EEA)
- EFTA FTAs with Korea, Singapore, Hong Kong, Canada, Mexico, and others; bilateral FTA with China
- Customs declarations processed through the VEF / TollPost system
