Iceland is the 79th largest export economy in the world. In 2016, Iceland exported $4.43B and imported $5.68B, resulting in a negative trade balance of $1.25B.
The top exports of Iceland are Raw Aluminium ($1.25B), Fish Fillets ($869M), Non-fillet Frozen Fish ($340M), Processed Fish ($283M) and Aluminium Wire ($135M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($569M), Aluminium Oxide ($428M), Cars ($407M), Carbon-based Electronics ($294M) and Planes, Helicopters, and/or Spacecraft ($208M).
The top export destinations of Iceland are the Netherlands ($1.13B), the United Kingdom ($502M), Spain ($461M), the United States ($346M) and Germany ($308M). The top import origins are the United Kingdom ($755M), Germany ($691M), the Netherlands ($612M), Denmark ($485M) and the United States ($447M).
Iceland is an island and borders Greenland by sea.