Iceland is the 103rd largest export economy in the world. In 2017, Iceland exported $5.63B and imported $7.53B, resulting in a negative trade balance of $1.9B. In 2017 the GDP of Iceland was $23.9B and its GDP per capita was $53.2k.
The top exports of Iceland are Raw Aluminium ($2.02B), Fish Fillets ($936M), Non-fillet Frozen Fish ($383M), Animal Meal and Pellets ($185M) and Non-fillet Fresh Fish ($182M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($678M), Cars ($630M), Aluminium Oxide ($606M), Planes, Helicopters, and/or Spacecraft ($534M) and Carbon-based Electronics ($310M).
The top export destinations of Iceland are the Netherlands ($1.15B), Spain ($547M), Germany ($534M), the United Kingdom ($509M) and the United States ($381M). The top import origins are Germany ($739M), Norway ($624M), France ($528M), the United Kingdom ($526M) and the Netherlands ($485M).
Iceland is an island and borders Greenland by sea.