# Iceland exports to Australia: Trade Route Risk | Yugalinks

Understand reported exports from Iceland to Australia, the product routes that need a closer look, and the conditions that may affect planning.

Canonical: https://www.yugalinks.com/trade/corridor/ISL-AUS/risk

## Route overview

In 2024, Iceland reported $21.3M in goods exports to Australia. The overall review level is High attention.

## How to read this page

High attention means one or more conditions on these product types deserve a closer look. It is not a prediction that trade will stop or that a loss is certain. An HS6 code is the international six-digit code used to describe and compare traded goods.

## Key numbers

| Measure | Value | What it means |
| --- | ---: | --- |
| Latest reported exports | $21.3M | 2024 route total |
| Exports needing review | 82.3% | Share of route exports |
| Highest-priority products | 0 | Need the closest review |
| Products needing review | 2 | High-attention product types |
| Export volatility | 0.8 | Higher means bigger yearly swings |
| Below highest year | 36.2% | Compared with the route's best year |

## Product types to review

| Rank | HS6 | Product | Buyer-market imports | Below product high | Review level |
| ---: | --- | --- | ---: | ---: | --- |
| 1 | 760110 | Aluminium: unwrought, (not alloyed) | $18.3M | 41.1% | High attention |
| 2 | 902139 | Artificial parts of the body: excluding artificial joints | $325.5M | 5.5% | High attention |
| 3 | 901819 | Medical, surgical instruments and appliances: electro-diagnostic apparatus (including apparatus for functional exploratory examination or for checking physiological parameters), n.e.s. in item no. 9018.1 | $322.1M | 0% | Watch |
| 4 | 300439 | Medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale | $468.8M | 0% | Watch |
| 5 | 902131 | Artificial parts of the body | $324.4M | 38.4% | Watch |
| 6 | 220860 | Vodka | $41.6M | 0% | Watch |
| 7 | 150420 | Fats and oils and their fractions: of fish, (excluding liver-oils) | $121.2M | 89.2% | Watch |
| 8 | 901580 | Surveying equipment: articles n.e.c. in heading no. 9015, including hydrographic, oceanographic, hydrological, meteorological or geophysical instruments and appliances (excluding compasses) | $223.2M | 70.7% | Watch |
| 9 | 151790 | Edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516 | $54.6M | 37.6% | Watch |
| 10 | 220110 | Waters: mineral and aerated, including natural or artificial, (not containing added sugar or other sweetening matter nor flavoured) | $33.7M | 53.2% | Watch |

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.