Imports in Iceland grew by 9% year-on-year to ISK 127.1 billion in July 2026 from ISK 116.5 billion in the corresponding month of the previous year, driven largely by higher purchases of capital goods (+29%), food and beverages (+13%), and industrial supplies (+3%), while imports of fuels and lubricants (-1%), transport equipment (-7%), and consumer goods (-1%) declined. source: Statistics Iceland

Imports in Iceland averaged 24380.34 ISK Million from 1960 until 2026, reaching an all time high of 156422.00 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 August 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 -40557.20 -58664.50 ISK Million Jul 2026
Capital Flows 27460.00 -57866.00 ISK Million Mar 2026
Current Account -32060.00 -39097.00 ISK Million Mar 2026
Current Account to GDP -3.70 -3.20 percent of GDP Dec 2025
Exports 86505.30 97757.50 ISK Million Jul 2026
Exports by Category
Exports by Country
External Debt 3641020.00 3669995.00 ISK Million Mar 2026
Foreign Direct Investment 53958.00 56763.00 ISK Million Mar 2026
Gold Reserves 1.98 1.98 Tonnes Mar 2026
Imports 127062.50 156422.00 ISK Million Jul 2026
Imports by Category
Imports by Country
Remittances 2516.00 3180.00 ISK Million Mar 2026
Terrorism Index 0.06 0.12 Points Dec 2025
Tourist Arrivals 222636.00 163802.00 Jun 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
127062.50 156422.00 156422.00 1.20 1960 - 2026 ISK Million Monthly
Current Prices, NSA


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