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Iceland is the 105th largest export economy in the world. In 2016, Iceland exported $4.74B and imported $6.62B, resulting in a negative trade balance of $1.88B.

The top exports of Iceland are Raw Aluminium ($1.34B), Fish Fillets ($979M), Non-fillet Frozen Fish ($343M), Processed Fish ($187M) and Non-fillet Fresh Fish ($151M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Planes, Helicopters, and/or Spacecraft ($1.02B), Refined Petroleum ($522M), Aluminium Oxide ($409M), Cars ($409M) and Carbon-based Electronics ($293M).

The top export destinations of Iceland are the Netherlands ($954M), the United Kingdom ($558M), Germany ($431M), Spain ($405M) and the United States ($375M). The top import origins are the United Kingdom ($814M), Germany ($707M), the United States ($551M), Norway ($504M) and the Netherlands ($465M).

Iceland is an island and borders Greenland by sea.

Economic Complexity of Iceland

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