Imports in Iceland fell 35.2% year-on-year to ISK 88 billion in February 2026, weighed down by declines in capital goods excluding transport (-65.6%), transport equipment (-30.6%), and fuels and lubricants (-26.9%). source: Statistics Iceland

Imports in Iceland averaged 23673.61 ISK Million from 1960 until 2026, reaching an all time high of 142926.00 ISK Million in May of 2025 and a record low of 1.20 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 March of 2026.

Imports in Iceland is expected to be 119100.00 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Imports is projected to trend around 136300.00 ISK Million in 2027 and 138800.00 ISK Million in 2028, according to our econometric models.



Related Last Previous Unit Reference
Balance of Trade -9943.10 -312.20 ISK Million Feb 2026
Capital Flows -79948.00 337006.00 ISK Million Dec 2025
Current Account -37983.00 34099.00 ISK Million Dec 2025
Current Account to GDP -3.60 -2.80 percent of GDP Dec 2025
Exports 78045.50 72534.40 ISK Million Feb 2026
Exports by Category
Exports by Country
External Debt 3733776.00 3559115.00 ISK Million Dec 2025
Foreign Direct Investment 56219.00 -120290.00 ISK Million Dec 2025
Gold Reserves 1.98 1.98 Tonnes Dec 2025
Imports 87988.70 72537.30 ISK Million Feb 2026
Imports by Category
Imports by Country
Remittances 3185.00 3245.00 ISK Million Dec 2025
Terrorism Index 0.06 0.12 Points Dec 2025
Tourist Arrivals 147333.00 119366.00 Feb 2026


Iceland Imports
In Iceland, the total value of imports of goods in 2021 was ISK 222.8 billion, 28.9% higher than in 2020. The increase is mainly in transport equipment and capital goods. The largest import categories were industrial supplies (28.8%) and capital goods (22.2%). The largest trading countries in imports of goods for the year 2021 were Norway, China and Germany. Over 58% of the total value of imports came from EEA countries.
Actual Previous Highest Lowest Dates Unit Frequency
87988.70 72537.30 142926.00 1.20 1960 - 2026 ISK Million Monthly
Current Prices, NSA


International Trade
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category