{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:13.184Z", "seo": { "title": "United Kingdom exports to Iceland: Trade Route Risk | Yugalinks", "description": "Understand reported exports from United Kingdom to Iceland, the product routes that need a closer look, and the conditions that may affect planning." }, "publisher": { "name": "Yugalinks", "url": "https://www.yugalinks.com", "email": "support@yugalinks.com", "linkedin": "https://in.linkedin.com/company/yugalinks" }, "exporter": { "iso3": "GBR", "country_name": "United Kingdom" }, "importer": { "iso3": "ISL", "country_name": "Iceland" }, "latestYear": 2024, "risk": { "exporter_iso3": "GBR", "importer_iso3": "ISL", "all_history_lane_count": 118, "current_lane_count": 109, "current_product_count": 109, "first_observed_last_year": 2012, "latest_data_year": 2024, "current_trade_usd": 227712460.19151366, "attention_trade_usd": 108356736.21185568, "critical_trade_usd": 14085763.107613927, "high_volatility_trade_usd": 147770978.03860468, "unrecovered_drawdown_trade_usd": 52344429.65869115, "declining_demand_trade_usd": 0, "concentrated_market_trade_usd": 99536352.15353866, "access_friction_trade_usd": 0, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 1, "high_attention_lane_count": 10, "high_volatility_lane_count": 45, "unrecovered_drawdown_lane_count": 54, "declining_demand_lane_count": 0, "concentrated_market_lane_count": 31, "access_friction_lane_count": 0, "trade_weighted_volatility_cv": 1.4091505424997812, "trade_weighted_below_peak_pct": 24.36328447493379, "product_concentration_hhi": 747.3676009516158, "top1_product_share_pct": 22.766776885574867, "top3_product_share_pct": 36.79308223158565, "top_product_hs6": "230990", "top_product_trade_usd": 51842787.7524554, "top_product_description": "Dog or cat food: (not put up for retail sale), used in animal feeding", "top_attention_product_hs6": "230990", "top_attention_product_reason": "Trade has varied substantially across reported years", "distance_km": 1891.8592529296875, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0.8810999989509583, "has_reported_fta": 1, "avg_applied_tariff_pct": 3.335288936048485, "avg_mfn_tariff_pct": 3.9412890495353543, "avg_preferential_tariff_pct": 1.1479251042020202, "tariff_advantage_pp": 2.793363945333334, "buyer_biz_entry_days": 11.5, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 25458.933916, "buyer_gdp_pc_latest": 68384, "buyer_population_latest": 372.295, "buyer_gdp_5y_cagr_pct": 5.884796260042391, "buyer_gdp_pc_5y_cagr_pct": 4.423582580964003, "buyer_population_5y_cagr_pct": 1.399313874282604, "buyer_investment_5y_avg_pct": 23.401999999999997, "buyer_savings_5y_avg_pct": 24.644, "buyer_macro_resilience_label": "Buyer macro trend resilient", "attention_trade_share_pct": 47.584895495276854, "critical_trade_share_pct": 6.185767390931237, "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "concentrated_buyer_markets" ], "attention_level": "Watch", "primary_risk_reason": "Volatile products account for the largest observed corridor exposure", "buyer_gdp_mn_2024": 25458.933916, "buyer_gdp_pc_2024": 68384, "buyer_population_2024": 372.295 }, "history": [ { "year": 1995, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 195910161.6924291, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 224529771.09809425, "yoy_growth_pct": 14.608537483929386, "cagr_3y_pct": null }, { "year": 1997, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 236304297.62720558, "yoy_growth_pct": 5.244082542607309, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 253559183.12986603, "yoy_growth_pct": 7.301977016889394, "cagr_3y_pct": 8.978491903976948 }, { "year": 1999, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 248314861.23854437, "yoy_growth_pct": -2.068283162371465, "cagr_3y_pct": 3.4132672551244525 }, { "year": 2000, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 278435315.89270043, "yoy_growth_pct": 12.129944419726346, "cagr_3y_pct": 5.621151912538269 }, { "year": 2001, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 207303017.56445, "yoy_growth_pct": -25.54715377975344, "cagr_3y_pct": -6.493437156781723 }, { "year": 2002, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 201081784.87423027, "yoy_growth_pct": -3.0010333488201923, "cagr_3y_pct": -6.791252289750105 }, { "year": 2003, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 228776392.83228827, "yoy_growth_pct": 13.772807902704876, "cagr_3y_pct": -6.338243882826433 }, { "year": 2004, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 301933088.213708, "yoy_growth_pct": 31.9773795170595, "cagr_3y_pct": 13.353524555097529 }, { "year": 2005, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 321698094.67882264, "yoy_growth_pct": 6.546154507956747, "cagr_3y_pct": 16.95673944624243 }, { "year": 2006, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 347479862.5370586, "yoy_growth_pct": 8.014274341281368, "cagr_3y_pct": 14.94925060993908 }, { "year": 2007, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 390664144.1453858, "yoy_growth_pct": 12.427851586283388, "cagr_3y_pct": 8.967657419361231 }, { "year": 2008, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 320080242.7944224, "yoy_growth_pct": -18.067668202663512, "cagr_3y_pct": -0.16791847461569143 }, { "year": 2009, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 182920012.86723158, "yoy_growth_pct": -42.85182638257513, "cagr_3y_pct": -19.255950329078285 }, { "year": 2010, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 194023910.31235412, "yoy_growth_pct": 6.070356802993482, "cagr_3y_pct": -20.807527931622083 }, { "year": 2011, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 324567277.0298997, "yoy_growth_pct": 67.28210276114277, "cagr_3y_pct": 0.4651155457351841 }, { "year": 2012, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 269685759.0829603, "yoy_growth_pct": -16.909134663591985, "cagr_3y_pct": 13.814849960723553 }, { "year": 2013, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 305234784.4159089, "yoy_growth_pct": 13.181647208154224, "cagr_3y_pct": 16.30353729247378 }, { "year": 2014, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 317258283.7361381, "yoy_growth_pct": 3.9390986657163563, "cagr_3y_pct": -0.7563459506126469 }, { "year": 2015, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 309500900.786101, "yoy_growth_pct": -2.4451317263283534, "cagr_3y_pct": 4.697095696013909 }, { "year": 2016, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 654983196.9309654, "yoy_growth_pct": 111.62561894565553, "cagr_3y_pct": 28.98287256870433 }, { "year": 2017, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 482158567.9828239, "yoy_growth_pct": -26.386116431374205, "cagr_3y_pct": 14.972058192683146 }, { "year": 2018, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 427188302.2761121, "yoy_growth_pct": -11.400868792332663, "cagr_3y_pct": 11.340323334816539 }, { "year": 2019, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 396727131.2425401, "yoy_growth_pct": -7.130619183922193, "cagr_3y_pct": -15.390217026792108 }, { "year": 2020, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 361152329.64882785, "yoy_growth_pct": -8.967070510729336, "cagr_3y_pct": -9.183064308794343 }, { "year": 2021, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 423534703.8164336, "yoy_growth_pct": 17.273147380293572, "cagr_3y_pct": -0.28590547516011977 }, { "year": 2022, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 432925537.65811497, "yoy_growth_pct": 2.217252507778311, "cagr_3y_pct": 2.953338543336037 }, { "year": 2023, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 427299581.3340821, "yoy_growth_pct": -1.299520549068578, "cagr_3y_pct": 5.766309032807748 }, { "year": 2024, "exporter_iso3": "GBR", "importer_iso3": "ISL", "export_value_usd": 432279807.8179688, "yoy_growth_pct": 1.165511669432906, "cagr_3y_pct": 0.6835800104721512 } ], "riskLanes": [ { "exporter_iso3": "GBR", "importer_iso3": "ISL", "hs_code": "230990", "hs_description": "Dog or cat food: (not put up for retail sale), used in animal feeding", "buyer_imports_latest_usd": 172942255.28334644, "current_below_peak_pct": 0, "lane_volatility_cv": 2.0625706475032737, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "GBR", "importer_iso3": "ISL", "hs_code": "270112", "hs_description": "Coal: bituminous, whether or not pulverised, but not agglomerated", "buyer_imports_latest_usd": 19943198.03529169, "current_below_peak_pct": 38.89365874926185, "lane_volatility_cv": 1.9265140563256933, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "GBR", "importer_iso3": "ISL", "hs_code": "870360", "hs_description": "Vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, capable of being charged by plugging to external source of electric power", "buyer_imports_latest_usd": 77700405.92551857, "current_below_peak_pct": 0, "lane_volatility_cv": 1.854815710248677, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "GBR", "importer_iso3": "ISL", "hs_code": "847150", "hs_description": "Digital processing units: other than those of subheadings 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units", "buyer_imports_latest_usd": 408263847.81777716, "current_below_peak_pct": 65.18272311297149, "lane_volatility_cv": 1.939145493070091, "attention_level": "Critical attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "concentrated_buyer_market" ] }, { "exporter_iso3": "GBR", "importer_iso3": "ISL", "hs_code": "300215", "hs_description": "Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale", "buyer_imports_latest_usd": 58949476.14441778, "current_below_peak_pct": 0, "lane_volatility_cv": 2.3893234670834733, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "GBR", "importer_iso3": "ISL", "hs_code": "271019", "hs_description": "", "buyer_imports_latest_usd": 884637701.4276571, "current_below_peak_pct": 78.22506830120078, "lane_volatility_cv": 1.0781109803117888, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown" ] }, { "exporter_iso3": "GBR", "importer_iso3": "ISL", "hs_code": "210690", "hs_description": "Food preparations: n.e.s. in item no. 2106.10", "buyer_imports_latest_usd": 62441614.01858324, "current_below_peak_pct": 0, "lane_volatility_cv": 0.6136551426736866, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "GBR", "importer_iso3": "ISL", "hs_code": "190410", "hs_description": "Food preparations: obtained by the swelling or roasting of cereals or cereal products", "buyer_imports_latest_usd": 14043697.217856538, "current_below_peak_pct": 0, "lane_volatility_cv": 0.2700853276711901, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "GBR", "importer_iso3": "ISL", "hs_code": "310520", "hs_description": "Fertilizers, mineral or chemical: containing the three fertilizing elements nitrogen, phosphorus and potassium", "buyer_imports_latest_usd": 14528118.705176305, "current_below_peak_pct": 13.674773130134591, "lane_volatility_cv": 0.8957036709132727, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "GBR", "importer_iso3": "ISL", "hs_code": "851762", "hs_description": "Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus", "buyer_imports_latest_usd": 117745144.85897982, "current_below_peak_pct": 42.88679377653944, "lane_volatility_cv": 0.8976833747893166, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] } ], "accessProfile": { "year": 2024, "exporter_iso3": "GBR", "importer_iso3": "ISL", "distance_km": 1892, "shares_land_border": 0, "shares_official_language": 0, "shares_ethnic_language": 0, "shared_religion": 0, "shared_legal_system": 0, "shared_colonial_history": 0, "has_fta": 1, "rta_coverage_ratio": 1, "exporter_is_wto": 1, "importer_is_wto": 1, "exporter_is_eu": 0, "importer_is_eu": 0, "importer_gdp_million_usd": 25458.933915999998, "importer_gdp_per_capita_usd": 68383.7653366282, "importer_population": 372.295, "importer_biz_entry_days": 11.5, "importer_biz_entry_cost_pct": 1.9, "exporter_gdp_million_usd": 3186859.739185, "exporter_gdp_per_capita_usd": 47334.35531498716, "avg_applied_tariff_pct": 3.335288936048485, "avg_mfn_tariff_pct": 3.9412890495353543, "avg_preferential_tariff_pct": 1.1479251042020202, "tariff_advantage_pp": 2.793363945333334 }, "sourceAttribution": { "publisher": "OECD", "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D", "year": 2025, "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)", "sourceUrl": "https://data-explorer.oecd.org/", "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0", "termsUrl": "https://www.oecd.org/termsandconditions/", "terms": "OECD Terms & Conditions", "accessed": "2026-08-29", "supportingSources": [ { "publisher": "CEPII", "dataset": "BACI bilateral trade flows", "release": "202601", "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.", "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html", "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37", "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf", "license": "Etalab 2.0 Open Licence", "accessed": "2026-08-29" } ] }, "links": { "canonical": "https://www.yugalinks.com/trade/corridor/GBR-ISL/risk", "html": "https://www.yugalinks.com/trade/corridor/GBR-ISL/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/GBR-ISL/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/GBR-ISL/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/GBR-ISL/risk/index.ld.json", "home": "https://www.yugalinks.com/", "tradeHub": "https://www.yugalinks.com/trade/", "dataSources": "https://www.yugalinks.com/data-sources", "methodology": "https://www.yugalinks.com/methodology", "workspace": "https://www.yugalinks.com/app/corridors", "contact": "https://www.yugalinks.com/contact", "email": "mailto:support@yugalinks.com", "linkedin": "https://in.linkedin.com/company/yugalinks" } }