# Iceland exports to Belgium: Trade Route Risk | Yugalinks

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

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

## Route overview

In 2024, Iceland reported $48.9M in goods exports to Belgium. The overall review level is Watch.

## 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 | $48.9M | 2024 route total |
| Exports needing review | 27.5% | Share of route exports |
| Highest-priority products | 0 | Need the closest review |
| Products needing review | 3 | High-attention product types |
| Export volatility | 0.5 | Higher means bigger yearly swings |
| Below highest year | 40.8% | Compared with the route's best year |

## Product types to review

| Rank | HS6 | Product | Buyer-market imports | Below product high | Review level |
| ---: | --- | --- | ---: | ---: | --- |
| 1 | 030444 | Fish fillets: fresh or chilled, of the families Bregmacerotidae, Euclichthyidae, Gadidae, Macrouridae, Melanonidae, Merlucciidae, Moridae, and Muraenolepididae | $76.3M | 31.8% | Watch |
| 2 | 760110 | Aluminium: unwrought, (not alloyed) | $179.2M | 66.3% | High attention |
| 3 | 030449 | Fish fillets: fresh or chilled, other than fish of heading 0304.4 | $19.3M | 62.3% | High attention |
| 4 | 030471 | Fish fillets: frozen, cod (Gadus morhua, Gadus ogac, Gadus macrocephalus) | $26.2M | 85.8% | High attention |
| 5 | 280469 | Silicon: containing by weight less than 99.99% of silicon | $22.3M | 0% | Watch |
| 6 | 010129 | Horses: live, other than pure-bred breeding animals | $22.7M | 43.9% | Watch |
| 7 | 030214 | Fish: fresh or chilled, Atlantic salmon (Salmo salar) and Danube salmon (Hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99 | $116.9M | 0% | 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) | $40.8M | 21.6% | Watch |
| 9 | 030251 | Fish: fresh or chilled, cod (Gadus morhua, Gadus ogac, Gadus macrocephalus), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99 | $16.4M | 93.7% | Watch |
| 10 | 220860 | Vodka | $50.1M | 0% | 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.