In 2018, Iceland's exports per capita were $18.9k and its imports per capita were $22.1k. 1960-2020 Data | 2021-2022 Forecast | Historical | Chart | NewsDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports.Iceland has highly positive net exports in the international trade of fish.

Top 10 Icelandic Exports to Netherlands Iceland's exports to Netherlands amounted to $1.4 billion or 26.3% of its overall exports. In 2017, the country’s main exports were: manufacturing products (54 percent of total exports), of which aluminium and aluminium products (39 percent); marine products (38 percent), of which frozen fish fillets (9 percent), fresh fish (9 percent) and whole frozen fish (5 percent); and agricultural products (4 percent). Iceland’s main export partners were: the Netherlands (25 percent of total exports); Spain (13 percent); the UK (9 percent); Germany (8 percent); the US (7 percent); France (6 percent); and Norway (5 percent). Iceland's exports to the EU mainly consist of base metals and articles thereof (54%) and live animals; animal products (34%).. Iceland is the fifth-largest exporter of fish and fishery products to the EU after Norway, China, Ecuador and Morocco, representing 5% of EU fish and aquaculture imports. Tourism is Iceland’s largest export sector by far. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Exports in Iceland decreased to 46800 ISK Million in June from 52949.10 ISK Million in May of 2020. In 2017 the proportion of Iceland’s exports was: tourism 42%, seafood 17%, aluminium 16%, other 24%. In macroeconomic terms, Iceland’s total exported goods represent 26.2% of its overall Gross Domestic Product for 2019 ($20 billion valued in Purchasing Power Parity US dollars).
73% of Icelandic exports go to the EU. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Overview: In 2018 Iceland was the number 107 economy in the world in terms of GDP (current US$), the number 102 in total exports, and the number 113 in total imports.In 2018, Iceland exported $6.67B and imported $7.79B, resulting in a negative trade balance of -$1.12B.

In October 2017 the tourism sector directly employed around 26,800 people, with the total number of employees in the country being 186,900. Tourism accounted for more than 10% of the country’s GDP in 2017. Also shown is the percentage share each export category represents in terms of overall exports from Iceland.Iceland’s top 10 exports are concentrated, accounting for 92.1% of the overall value of its global shipments.The following types of Icelandic product shipments represent positive net exports or a trade balance surplus. Exports in Iceland averaged 14268.79 ISK Million from 1960 until 2020, reaching an all time high of 76557.01 ISK Million in January of 2019 and a record low of 0.78 ISK Million in January of 1960. That 26.2% for exports to overall GDP in PPP for 2019 compares to 29.3% one year earlier. Iceland is one of the most tourism dependent countries on earth. The Trading Economics Application Programming Interface (API) provides direct access to our data. In turn, these cashflows indicate Iceland’s strong competitive advantages under the fish product category.Overall, Iceland incurred a -$1.3 billion trade deficit for 2019 down over a third (-37.9%) from one year earlier.Iceland has highly negative net exports and therefore deep international trade deficits for refined petroleum oils, coal, petroleum coke and gases under the mineral fuels-related category.Not one Icelandic corporation ranks among Forbes Global 2000.Click to email this to a friend (Opens in new window) The following export product groups represent the highest dollar value in Icelandic global shipments during 2019. Iceland shipped US$5.2 billion worth of goods around the globe in 2019, up by 10.8% since 2015 but down by -5.9% from 2018 to 2019.

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