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Iceland

Iceland FlagU.S.-Iceland Trade Facts

Iceland is currently our 104th largest goods trading partner with $806 million in total (two way) goods trade during 2013. Goods exports totaled $515 million; Goods imports totaled $291 million. The U.S. goods trade surplus with Iceland was $223 million in 2013.

Exports

Iceland was the United States' 104th largest goods export market in 2013.

U.S. goods exports to Iceland in 2013 were $515 million, up 38.8% ($144 million) from 2012.

The top export categories (2-digit HS) in 2013 were: Aircraft ($211 million), Inorganic Chemicals (aluminum oxide) ($90 million), Special Other (low value shipments) ($78 million), Mineral Fuel (oil) ($37 million), and Optic and Medical Instruments ($15 million).

U.S. exports of agricultural products to Iceland totaled $22 million in 2013.

Imports

Iceland was the United States' 105th largest supplier of goods imports in 2013.

U.S. goods imports from Iceland totaled $291 million in 2013, a 2.6% increase ($8 million) from 2012. 

The five largest import categories in 2013 were: Fish and Seafood (cod, haddock) ($142 million), Optical and Medical Instruments ($46 million), Special Other (returns) ($38 million), Machinery ($12 million), and Fats and Oils ($10 million). 

U.S. imports of agricultural products from Iceland totaled $5 million in 2013.

Trade Balance

The U.S. goods trade surplus with Iceland was $223 million in 2013, a 156.5% increase ($136 million) over 2012.

Investment

U.S. foreign direct investment (FDI) in Iceland (stock) was not available in 2012 (latest data available) ($10 million in 2005).

Iceland FDI in the United States (stock) was not available in 2012 (latest data available). It was $2.0 billion in 2009.


*NOTE: No services trade data with Iceland is available.

4/18/14