Imports in Iceland advanced 43% year-on-year to a record high of ISK 155.3 billion in June 2026, driven by increased purchases of capital goods (164.8%), industrial supplies n.e.s. (12.1%), fuels and lubricants (47.9%), and consumer goods n.e.s. (7.0%). Over the last twelve months, imports fell 9%, mainly due to lower purchases of industrial supplies, investment goods, fuels and lubricants, and transport equipment. source: Statistics Iceland

Imports in Iceland averaged 24250.45 ISK Million from 1960 until 2026, reaching an all time high of 155337.40 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 July 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 -57361.20 -56930.40 ISK Million Jun 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 97976.10 70990.70 ISK Million Jun 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 155337.40 127921.20 ISK Million Jun 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
155337.40 127921.20 155337.40 1.20 1960 - 2026 ISK Million Monthly
Current Prices, NSA


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