Full trade & compliance profile
Iceland — Trade & Compliance
Iceland's trade profile consolidates its merchandise flow from CEPII BACI, the preferential agreements it has entered from the World Bank, the international cargo conventions it has ratified from the UN Treaty Collection, and its applied tariff, VAT and currency of record from the World Bank, the EU and ISO 4217.
Every figure is shown as its named source records it and dated where the source dates it; trade partners and product codes link to their own pages where logibook profiles them.
7
trade agreements
6
cargo treaties
4.09%
MFN applied tariff
Memberships & standing
DatabookThe Record of Consolidated Knowledge
Iceland beyond logistics?
Trade Flow
Top export markets
- 1Netherlands28.9%
- 2USA11.7%
- 3United Kingdom9.2%
- 4France7.0%
- 5Germany6.2%
Leading export goods (HS2)
- 1Aluminium36.4%
- 2Fish & seafood28.9%
- 3Optical/medical instruments7.3%
- 4Pharmaceuticals4.1%
- 5Animal/vegetable fats & oils3.2%
Leading import goods (HS2)
- 1Machinery & mechanical appliances14.7%
- 2Electrical machinery11.3%
- 3Mineral fuels & oils11.2%
- 4Inorganic chemicals7.8%
- 5Vehicles7.6%
Fastest-rising export markets
- 1USA+3.59pp
- 2France+2.39pp
- 3Switzerland+0.49pp
Declining export markets
- 1Netherlands−2.68pp
- 2Germany−1.88pp
- 3Denmark−0.99pp
Fastest-rising export goods
- 1Optical/medical instruments+4.04pp
- 2Pharmaceuticals+3.25pp
- 3Aircraft & spacecraft+0.79pp
Declining export goods
- 1Aluminium−5.24pp
- 2Iron & steel−1.99pp
- 3Food residues, animal feed−0.77pp
Showing the leading partners and product groups by trade share; the full bilateral flow matrix is in — CEPII BACI · 2024
Preferential Trade Agreements
United Kingdom - Iceland, Liechtenstein and Norway2021
Iceland - China2014
Iceland - Faroe Islands2006
European Economic Area (EEA)1994
EU - Iceland1973
EFTA - Accession of Iceland1970
European Free Trade Association (EFTA)1960
International Cargo Treaties
- ✓Convention on the International Maritime Organization. Geneva, 6 March 1948
- ✓Agreement relating to the implementation of Part XI of the United Nations Convention on the Law of the Sea of 10 December 1982. New York, 28 July 1994
- ✓Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of Areas beyond National Jurisdiction. New York, 19 June 2023
- ✓Agreement for the Implementation of the Provisions of the United Nations Convention on the Law of the Sea of 10 December 1982 relating to the Conservation and Management of Straddling Fish Stocks and Highly Migratory Fish Stocks. New York, 4 August 1995
- ✓United Nations Convention on Contracts for the International Sale of Goods. Vienna, 11 April 1980
- ✓International Convention to Facilitate the Importation of Commercial Samples and Advertising Material. Geneva, 7 November 1952
Fiscal & Tariffs
Currency
ISK
Iceland Krona
MFN applied tariff
4.09%
simple average (2022)
Key commodities
Top agricultural output
Raw milk of cattle
158.1K t
Top mineral output
aluminium, primary
768.4K tonnes (metric)
Energy production
Primary energy production
Top item per category of 47 commodities tracked — full lists: FAOSTAT · 2026-05 · British Geological Survey · U.S. EIA
All Sources
Referencelogibook trade-bloc referencelogibook trade-bloc reference
Compiled (public facts)
commoditythe U.S. Energy Information Administrationthe U.S. Energy Information Administration
Public domain (US gov)↗
Referenceinternational organisation membership recordsinternational organisation membership records
Public (official lists)↗