Exports from Iceland fell 16.9 percent from a year earlier to ISK 44.1 billion in December 2019, amid a decrease in exports of marine (-20.7 percent) and manufacturing products (-15.6 percent). Exports in Iceland averaged 13978.66 ISK Million from 1960 until 2019, reaching an all time high of 76557.87 ISK Million in January of 2019 and a record low of 0.78 ISK Million in January of 1960.

Exports in Iceland is expected to be 49800.00 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Iceland to stand at 58900.00 in 12 months time. In the long-term, the Iceland Exports is projected to trend around 60500.00 ISK Million in 2020, according to our econometric models.

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Iceland Exports

Actual Previous Highest Lowest Dates Unit Frequency
44100.00 52084.88 76557.87 0.78 1960 - 2019 ISK Million Monthly


Iceland Exports
In 2017, the country’s main exports were: manufacturing products (54 percent of total exports), of which aluminium and aluminium products (39 percent); marine products (38 percent), of which frozen fish fillets (9 percent), fresh fish (9 percent) and whole frozen fish (5 percent); and agricultural products (4 percent). Iceland’s main export partners were: the Netherlands (25 percent of total exports); Spain (13 percent); the UK (9 percent); Germany (8 percent); the US (7 percent); France (6 percent); and Norway (5 percent).

Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -8300.00 -4367.40 24138.40 -28451.50 ISK Million [+]
Current Account 63.04 15.01 99.98 -137.24 ISK Billion [+]
Current Account to GDP 2.80 3.30 7.50 -23.00 percent [+]
Imports 52400.00 56452.30 74470.20 1.21 ISK Million [+]
Exports 44100.00 52084.88 76557.87 0.78 ISK Million [+]
External Debt 2332.92 2413.04 15748.53 280.59 ISK Billion [+]
Capital Flows 114.33 28.61 414.27 -418.16 ISK Billion [+]
Gold Reserves 1.98 1.98 2.00 1.84 Tonnes [+]
Terrorism Index 0.03 0.06 1.22 0.00 [+]
Tourist Arrivals 131054.00 163093.00 291344.00 10592.00 [+]
Remittances 1747.00 1526.00 2448.00 18.00 ISK Million [+]
Foreign Direct Investment 8.41 1.38 199.98 -553.03 ISK Billion [+]


United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category