Imports in Iceland surged by 35% year-on-year to ISK 135.5 billion in August 2026 from ISK 100.7 billion in the same month a year earlier, driven largely by increased purchases of fuels and lubricants (+74%), transport equipment (+63%), industrial supplies (+31%), consumer goods (+7%), and food and beverages (+5%). source: Statistics Iceland

Imports in Iceland averaged 24517.55 ISK Million from 1960 until 2026, reaching an all time high of 156361.30 ISK Million in June of 2026 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 September of 2026.

Imports in Iceland is expected to be 120300.00 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 116300.00 ISK Million in 2027 and 128800.00 ISK Million in 2028, according to our econometric models.



Related Last Previous Unit Reference
Balance of Trade -63110.80 -39372.90 ISK Million Aug 2026
Capital Flows -13918.00 23066.00 ISK Million Jun 2026
Current Account -120269.00 -28821.00 ISK Million Jun 2026
Current Account to GDP -3.70 -3.20 percent of GDP Dec 2025
Exports 72413.30 86499.30 ISK Million Aug 2026
Exports by Category
Exports by Country
External Debt 3837908.00 3662137.00 ISK Million Jun 2026
Foreign Direct Investment -6217.00 62982.00 ISK Million Jun 2026
Gold Reserves 1.98 1.98 Tonnes Jun 2026
Imports 135524.10 125872.10 ISK Million Aug 2026
Imports by Category
Imports by Country
Remittances 2704.00 2736.00 ISK Million Jun 2026
Terrorism Index 0.06 0.12 Points Dec 2025
Tourist Arrivals 314180.00 292766.00 Aug 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
135524.10 125872.10 156361.30 1.20 1960 - 2026 ISK Million Monthly
Current Prices, NSA


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