Imports to Iceland dropped 1.9 percent year-on-year to ISK 69.3 billion in June 2019, mainly due to a decrease in imports of lubricants and consumer goods. Imports in Iceland averaged 14482.34 ISK Million from 1960 until 2019, reaching an all time high of 79500 ISK Million in May of 2019 and a record low of 1.21 ISK Million in January of 1960.

Imports in Iceland is expected to be 66700.00 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Iceland to stand at 60200.00 in 12 months time. In the long-term, the Iceland Imports is projected to trend around 74400.00 ISK Million in 2020, according to our econometric models.

Iceland Imports
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Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -22800.00 -2600.00 24202.30 -25843.30 ISK Million [+]
Current Account 35.10 0.80 99.57 -137.24 ISK Billion [+]
Current Account to GDP 2.80 3.30 7.50 -23.00 percent [+]
Imports 69300.00 79500.00 79500.00 1.21 ISK Million [+]
Exports 46500.00 63200.00 76557.90 0.78 ISK Million [+]
External Debt 2317.03 2352.01 15748.53 280.59 ISK Billion [+]
Capital Flows 97.70 45.80 414.27 -418.16 ISK Billion [+]
Gold Reserves 2.00 2.00 2.00 1.84 Tonnes [+]
Remittances 1518.00 1404.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.06 0.13 1.22 0.00 [+]
Tourist Arrivals 120306.00 170177.00 291344.00 10592.00 [+]
Foreign Direct Investment -40.59 28.72 199.98 -553.03 ISK Billion [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Iceland Imports

In 2017, Iceland’s main imports were: processed industrial supplies (26 percent of total imports); capital goods (21 percent); transport equipment (19 percent), of which passenger cars (9 percent); consumer goods (13 percent), of which semi- (5 percent) and non-durable goods (5 percent); fuels and lubricants (11 percent); and food and beverages (8 percent). Iceland’s major import partners were: Germany (11 percent of total imports); Norway (9 percent); China and the Netherlands (7 percent each); the US, Denmark and the UK (6 percent each); and Sweden (4 percent). This page provides - Iceland Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Imports - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
69300.00 79500.00 79500.00 1.21 1960 - 2019 ISK Million Monthly
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