Imports in Iceland fell by 26.8% year-on-year to ISK 72.7 billion in January 2026, driven by a notable drop in purchases of industrial supplies (-35.8%), fuels and lubricants (-41.2%), capital goods (-35.2%), and transport equipment (-23.5%). source: Statistics Iceland

Imports in Iceland averaged 23592.78 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 February 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 139300.00 ISK Million in 2027, according to our econometric models.



Related Last Previous Unit Reference
Balance of Trade -312.20 -40356.00 ISK Million Jan 2026
Capital Flows 375430.00 -107520.00 ISK Million Sep 2025
Current Account 26939.00 -110393.00 ISK Million Sep 2025
Current Account to GDP -3.60 -2.80 percent of GDP Dec 2025
Exports 72437.20 74632.10 ISK Million Jan 2026
Exports by Category
Exports by Country
External Debt 3559115.00 3556161.00 ISK Million Sep 2025
Foreign Direct Investment -113622.00 -6739.00 ISK Million Sep 2025
Gold Reserves 1.98 1.98 Tonnes Dec 2025
Imports 72749.40 114988.10 ISK Million Jan 2026
Imports by Category
Imports by Country
Remittances 3245.00 3043.00 ISK Million Sep 2025
Terrorism Index 0.12 0.23 Points Dec 2024
Tourist Arrivals 119942.00 141100.00 Dec 2025


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
72749.40 114988.10 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