Imports in Iceland decreased to 55316.18 ISK Million in August from 58387.26 ISK Million in July of 2020.

Imports in Iceland averaged 15319.70 ISK Million from 1960 until 2020, reaching an all time high of 74676.84 ISK Million in June of 2019 and a record low of 1.21 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 2020.

Imports in Iceland is expected to be 60200.00 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 73600.00 in 12 months time. In the long-term, the Iceland Imports is projected to trend around 74400.00 ISK Million in 2021, according to our econometric models.

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Iceland Imports

Actual Previous Highest Lowest Dates Unit Frequency
55316.18 58387.26 74676.84 1.21 1960 - 2020 ISK Million Monthly
Current Prices, NSA

Iceland Trade Last Previous Highest Lowest Unit
Balance of Trade -11234.43 -11619.18 24063.60 -28988.51 ISK Million [+]
Current Account 6954.00 16735.00 99975.00 -137239.00 ISK Million [+]
Current Account to GDP 5.80 3.10 7.60 -23.00 percent [+]
Imports 55316.18 58387.26 74676.84 1.21 ISK Million [+]
Exports 44081.75 46768.08 76557.01 0.78 ISK Million [+]
External Debt 2647551.00 2585660.00 15748529.00 280593.00 ISK Million [+]
Capital Flows 21609.00 34140.00 414266.00 -418160.00 ISK Million [+]
Gold Reserves 2.00 2.00 2.00 1.84 Tonnes [+]
Remittances 1182.00 1403.00 2448.00 18.00 ISK Million [+]
Terrorism Index 0.03 0.06 1.22 0.00 [+]
Tourist Arrivals 45614.00 5943.00 291344.00 924.00 [+]
Foreign Direct Investment -6243.00 -38139.00 199978.00 -553027.00 ISK Million [+]


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).

United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category