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

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

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