Imports to Iceland jumped 27.1 percent from a year earlier to ISK 72.1 billion in November 2018, led by higher purchases of industrial supplies and capital goods (except for transport), preliminary figures showed. Imports in Iceland averaged 13986.88 ISK Million from 1960 until 2018, reaching an all time high of 73185.90 ISK Million in October of 2018 and a record low of 1.21 ISK Million in January of 1960.

Imports in Iceland is expected to be 71100.00 ISK Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Iceland to stand at 66066.30 in 12 months time. In the long-term, the Iceland Imports is projected to trend around 73600.00 ISK Million in 2020, according to our econometric models.

Iceland Imports
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Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -17700.00 -12100.70 24063.60 -25843.30 ISK Million [+]
Current Account 76.46 -4.13 99.57 -137.24 ISK Billion [+]
Current Account to GDP 3.30 7.50 7.50 -23.00 percent [+]
Imports 72100.00 73185.90 73185.90 1.21 ISK Million [+]
Exports 54300.00 61085.20 63354.30 0.78 ISK Million [+]
External Debt 2322.08 2271.48 15748.53 280.59 ISK Billion [+]
Capital Flows 85.74 -18.75 414.27 -418.16 ISK Billion [+]
Gold Reserves 2.00 2.00 2.00 1.84 Tonnes [+]
Remittances 1404.00 1145.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.13 0.25 1.22 0.00 [+]
Tourist Arrivals 231681.00 291344.00 291344.00 10592.00 [+]
Foreign Direct Investment -36.41 2.13 199.98 -550.71 ISK Billion [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Iceland Imports

In 2017, Iceland’s main imports were: processed industrial supplies (26 percent of total imports); capital goods (21 percent); transport equipment (19 percent), of which passenger cars (9 percent); consumer goods (13 percent), of which semi- (5 percent) and non-durable goods (5 percent); fuels and lubricants (11 percent); and food and beverages (8 percent). Iceland’s major import partners were: Germany (11 percent of total imports); Norway (9 percent); China and the Netherlands (7 percent each); the US, Denmark and the UK (6 percent each); and Sweden (4 percent). This page provides - Iceland Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Imports - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
72100.00 73185.90 73185.90 1.21 1960 - 2018 ISK Million Monthly
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