Imports to Iceland decreased to 47255.20 ISK Million in January from 65382.10 ISK Million in December of 2020, dragged down by imported fuels & lubricants and transports & equipment, of which mainly ships and parts. source: Statistics Iceland

Imports in Iceland averaged 15669.29 ISK Million from 1960 until 2021, reaching an all time high of 74676.80 ISK Million in June of 2019 and a record low of 1.21 ISK Million in January of 1960. This page provides - Iceland Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Imports - values, historical data and charts - was last updated on February of 2021.

Imports in Iceland is expected to be 73600.00 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 74400.00 in 12 months time. In the long-term, the Iceland Imports is projected to trend around 74400.00 ISK Million in 2022, according to our econometric models.

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Iceland Imports

Actual Previous Highest Lowest Dates Unit Frequency
47255.20 65382.10 74676.80 1.21 1960 - 2021 ISK Million Monthly
Current Prices, NSA

Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade 1927.80 -5737.50 24063.60 -33367.10 ISK Million [+]
Current Account -1184.00 -5933.00 104939.00 -133503.00 ISK Million [+]
Current Account to GDP 5.80 3.10 7.60 -23.00 percent [+]
Imports 47255.20 65382.10 74676.80 1.21 ISK Million [+]
Exports 49183.00 59644.50 76594.11 0.78 ISK Million [+]
External Debt 2625978.00 2647551.00 15748529.00 280593.00 ISK Million [+]
Capital Flows 38460.00 21609.00 414266.00 -418160.00 ISK Million [+]
Gold Reserves 1.98 1.98 2.00 1.84 Tonnes [+]
Remittances 1381.00 1182.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.00 0.03 1.22 0.00 [+]
Tourist Arrivals 4362.00 8135.00 291344.00 924.00 [+]
Foreign Direct Investment -93398.00 -6243.00 199978.00 -553027.00 ISK Million [+]


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).

United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category