Iceland recorded a trade deficit of ISK 36.2 billion in August of 2021, up from ISK 17.4 billion in the same month of last year. Imports surged 49.7 percent to ISK 92.1 billion, driven mostly by purchases of transport equipment (114.7 percent), fuel & lubricants (89.7 percent), industrial suppliers (59.5 percent), consumer goods (14.9 percent) and food & beverages (17.4 percent), Meanwhile, exports advanced at a slower 26.8 percent to ISK 55.9 billion, particularly pushed by agricultural products ( 73.9 percent) and manufacturing products (45 percent). source: Statistics Iceland

Imports in Iceland averaged 17461.86 ISK Million from 1960 until 2021, reaching an all time high of 106393 ISK Million in June of 2021 and a record low of 1.21 ISK Million in January of 1960. This page provides - Iceland Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Imports - values, historical data and charts - was last updated on September of 2021.

Imports in Iceland is expected to be 73600.00 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Imports is projected to trend around 74400.00 ISK Million in 2022, according to our econometric models.

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Iceland Imports

Actual Previous Highest Lowest Dates Unit Frequency
92112.10 84748.10 106393.00 1.21 1960 - 2021 ISK Million Monthly
Current Prices, NSA

Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -36242.60 -16916.00 21093.00 -47658.60 ISK Million [+]
Current Account -31084.00 -22759.00 104939.00 -133503.00 ISK Million [+]
Current Account to GDP 1.00 6.40 8.10 -22.70 percent of GDP [+]
Imports 92112.10 84748.10 106393.00 1.21 ISK Million [+]
Exports 55869.50 67832.10 76594.10 0.78 ISK Million [+]
External Debt 2496679.00 2450013.00 15748529.00 280593.00 ISK Million [+]
Capital Flows 15566.00 13908.00 414266.00 -418160.00 ISK Million [+]
Gold Reserves 1.98 1.98 2.00 1.84 Tonnes [+]
Remittances 1744.00 1388.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.00 0.03 1.22 0.00 [+]
Tourist Arrivals 109335.00 42589.00 291344.00 924.00 [+]
Foreign Direct Investment -12700.00 -74123.00 199978.00 -553027.00 ISK Million [+]


Iceland Imports
In 2017, Iceland’s main imports were: processed industrial supplies (26 percent of total imports); capital goods (21 percent); transport equipment (19 percent), of which passenger cars (9 percent); consumer goods (13 percent), of which semi- (5 percent) and non-durable goods (5 percent); fuels and lubricants (11 percent); and food and beverages (8 percent). Iceland’s major import partners were: Germany (11 percent of total imports); Norway (9 percent); China and the Netherlands (7 percent each); the US, Denmark and the UK (6 percent each); and Sweden (4 percent).

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