Iceland Major Trade Partners


Buying and selling are essential for any country to develop its economy and maintain good relations with other nations. The first table below shows top trading partners of Iceland in terms of export sales (selling), including Netherlands, United Kingdom, and Germany. The second lists top trade partners of Iceland regarding import total (buying). That is, most products are imported from these countries to Iceland.

Iceland Major Exports

Market Value: 4,991 (millions) – Last Updated: June, 2019

Iceland Major Exports

Rank Country (Exports To) Trade Value (thousands) Share (%) Growth (% 5yr)
1 Netherlands 1,796,173 35.99 492.34
2 United Kingdom 599,475 12.01 11.64
3 Germany 573,194 11.49 14.60
4 United States 276,898 5.55 4.61
5 Japan 229,218 4.59 170.61
6 Norway 216,711 4.34 155.46
7 Spain 195,196 3.91 (0.16)
8 France 156,623 3.14 37.74
9 Denmark 136,460 2.73 2.19
10 China 113,616 2.28 622.57
11 Portugal 99,030 1.98 4.23
12 Belgium 70,932 1.42 38.84
13 Russia 67,169 1.35 108.37
14 Lithuania 64,563 1.29 140.27
15 Nigeria 62,062 1.24 27.75
16 Switzerland 42,870 0.86 (3.93)
17 Poland 35,231 0.71 5.56
18 Italy 32,174 0.64 5.88
19 Sweden 29,787 0.60 (4.09)
20 Faroe Islands 25,761 0.52 (5.61)
21 Greece 25,554 0.51 (21.09)
22 Canada 19,413 0.39 (20.16)
23 Ukraine 17,132 0.34 252.86
24 Belarus 14,356 0.29 217.29
25 Ireland 13,220 0.26 170.34
26 South Korea 11,350 0.23 127.34
27 Uruguay 10,993 0.22 7,892.51
28 Hungary 9,971 0.20 293.99
29 Austria 8,965 0.18 54.87
30 Finland 6,083 0.12 (57.30)
31 Greenland 4,188 0.08 (20.85)
32 Brazil 3,279 0.07 84.38
33 Chile 2,581 0.05 (13.68)
34 South Africa 2,298 0.05 (2.49)
35 Hong Kong 2,211 0.04 (11.85)
36 Mexico 2,194 0.04 549.57

 

Iceland Major Imports

Market Value: 3,844 (millions) – Last Updated: June, 2019

Iceland Major Imports

Rank Country (Imports From) Trade Value (thousands) Share (%) Growth (% 5yr)
1 Norway 603,330 15.69 73.28
2 Sweden 433,798 11.28 90.78
3 Germany 386,037 10.04 (16.05)
4 United States 356,141 9.26 (3.29)
5 Denmark 270,279 7.03 (1.94)
6 China 266,614 6.94 94.41
7 Netherlands 249,304 6.49 20.94
8 Japan 192,602 5.01 37.45
9 Switzerland 162,364 4.22 293.91
10 United Kingdom 133,137 3.46 (46.47)
11 France 70,280 1.83 (36.18)
12 Italy 65,368 1.70 (54.18)
13 Jamaica 60,486 1.57 88,061.04
14 Lithuania 59,644 1.55 109.35
15 Ireland 54,853 1.43 (41.07)
16 Poland 53,250 1.39 79.93
17 Estonia 41,387 1.08 (19.90)
18 Canada 38,931 1.01 (6.82)
19 Latvia 34,298 0.89 (31.24)
20 Spain 32,076 0.83 (46.92)
21 Russia 31,357 0.82 (17.58)
22 Finland 30,275 0.79 (41.94)
23 Belgium 25,811 0.67 (59.89)
24 South Korea 24,554 0.64 (24.41)
25 Faroe Islands 21,828 0.57 (31.82)
26 Czech Republic 14,169 0.37 (43.47)
27 Brazil 13,269 0.35 4.16
28 India 12,844 0.33 (18.47)
29 Cyprus 12,476 0.32 5,736.63
30 Thailand 10,841 0.28 (22.88)
31 Austria 10,393 0.27 (51.37)
32 Turkey 8,884 0.23 (62.11)
33 Hungary 8,789 0.23 (55.33)
34 Tunisia 7,492 0.19 237.32
35 Luxembourg 5,488 0.14 (38.51)
36 Morocco 5,037 0.13 195.58

 

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