Iceland's total Exports in 2024 were valued at US$6.95 Billion, according to the United Nations COMTRADE database on international trade. Iceland's main export partners were: the Netherlands, the United States and the United Kingdom. The top three export commodities were: Fish, crustaceans, molluscs, aquatics invertebrates; Aluminum and Optical, photo, technical, medical apparatus. Total Imports were valued at US$9.84 Billion. In 2024, Iceland had a trade deficit of US$2.89 Billion.

Exports in Iceland decreased to 79802.30 ISK Million in May from 82170.90 ISK Million in April of 2025. This dataset provides the latest reported value for - Iceland Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Top Export Products of Iceland with Export value and Year on Year growth comparison

Exports: SITC 4: Plastics in Primary Forms data was reported at 388.572 ISK mn in 2018. This records a decrease from the previous number of 520.654 ISK mn for 2017. Exports: SITC 4: Plastics in Primary Forms data is updated yearly, averaging 382.236 ISK mn from Dec 1999 (Median) to 2018, with 20 observations. The data reached an all-time high of 941.365 ISK mn in 2014 and a record low of 19.500 ISK mn in 1999. Exports: SITC 4: Plastics in Primary Forms data remains active status in CEIC and is reported by Statistics Iceland . The data is categorized under Global Database’s Iceland – Table IS.JA004: Exports: by Standard International Trade Classification Revision 4: Annual.

Iceland exports for 2023 were 13.45 billion US dollars, a 2.38% increase from 2022.

<ul style='margin-top:20px;'>

<li>Iceland exports for 2022 were <strong>13.14 billion US dollars</strong>, a <strong>36.72% increase</strong> from 2021.</li>
<li>Iceland exports for 2021 were <strong>9.61 billion US dollars</strong>, a <strong>33.39% increase</strong> from 2020.</li>
<li>Iceland exports for 2020 were <strong>7.20 billion US dollars</strong>, a <strong>33.22% decline</strong> from 2019.</li>
</ul>Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars.

The value of exported goods and services from the Nordic countries were highest in Sweden between 2010 and 2021, but Norway overtook its neighbor in 2022. In 2022, Norway's exports totaled at 322.5 billion U.S. dollars. Sweden had the second highest export value, reaching 312 billion U.S. dollars. Iceland had the lowest export values of the five Nordic countries.

Iceland trade balance for 2023 was 154.34 million US dollars, a 484.96% decline from 2022.

<ul style='margin-top:20px;'>

<li>Iceland trade balance for 2022 was <strong>-40.09 million US dollars</strong>, a <strong>91.02% decline</strong> from 2021.</li>
<li>Iceland trade balance for 2021 was <strong>-446.29 million US dollars</strong>, a <strong>52.18% increase</strong> from 2020.</li>
<li>Iceland trade balance for 2020 was <strong>-293.26 million US dollars</strong>, a <strong>126.03% decline</strong> from 2019.</li>
</ul>External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Statistics illustrates exports of polyacetals in primary forms in Iceland from 2007 to 2024.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Iceland's total Imports in 2024 were valued at US$9.84 Billion, according to the United Nations COMTRADE database on international trade. Iceland's main import partners were: Norway, China and the United States. The top three import commodities were: Machinery, nuclear reactors, boilers; Mineral fuels, oils, distillation products and Electrical, electronic equipment. Total Exports were valued at US$6.95 Billion. In 2024, Iceland had a trade deficit of US$2.89 Billion.

Iceland Exports of silicones, in primary forms to United States was US$121 during 2022, according to the United Nations COMTRADE database on international trade. Iceland Exports of silicones, in primary forms to United States - data, historical chart and statistics - was last updated on June of 2025.

Iceland Exports of polymers of styrene, in primary forms to United States was US$33 during 2024, according to the United Nations COMTRADE database on international trade. Iceland Exports of polymers of styrene, in primary forms to United States - data, historical chart and statistics - was last updated on June of 2025.

Iceland Exports of polymers of ethylene, in primary forms to China was US$59.9 Thousand during 2020, according to the United Nations COMTRADE database on international trade. Iceland Exports of polymers of ethylene, in primary forms to China - data, historical chart and statistics - was last updated on June of 2025.

Iceland Exports of silicones, in primary forms to Canada was US$162 during 2016, according to the United Nations COMTRADE database on international trade. Iceland Exports of silicones, in primary forms to Canada - data, historical chart and statistics - was last updated on July of 2025.

Iceland Exports of silicones, in primary forms to France was US$72 during 2023, according to the United Nations COMTRADE database on international trade. Iceland Exports of silicones, in primary forms to France - data, historical chart and statistics - was last updated on June of 2025.

Iceland Exports of polymers of ethylene, in primary forms to United States was US$49 during 2024, according to the United Nations COMTRADE database on international trade. Iceland Exports of polymers of ethylene, in primary forms to United States - data, historical chart and statistics - was last updated on June of 2025.

Iceland Exports of silicones, in primary forms to Norway was US$241 during 2021, according to the United Nations COMTRADE database on international trade. Iceland Exports of silicones, in primary forms to Norway - data, historical chart and statistics - was last updated on July of 2025.

Iceland Exports of polymers of styrene, in primary forms to Italy was US$16 during 2024, according to the United Nations COMTRADE database on international trade. Iceland Exports of polymers of styrene, in primary forms to Italy - data, historical chart and statistics - was last updated on July of 2025.

Iceland Exports of polymers of ethylene, in primary forms to Poland was US$249 during 2022, according to the United Nations COMTRADE database on international trade. Iceland Exports of polymers of ethylene, in primary forms to Poland - data, historical chart and statistics - was last updated on July of 2025.