# Iceland exports to the United Kingdom: Trade Route Risk | Yugalinks

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

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

## Route overview

In 2024, Iceland reported $661.6M in goods exports to the United Kingdom. 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 | $661.6M | 2024 route total |
| Exports needing review | 31.5% | Share of route exports |
| Highest-priority products | 2 | Need the closest review |
| Products needing review | 12 | High-attention product types |
| Export volatility | 0.8 | Higher means bigger yearly swings |
| Below highest year | 26.9% | Compared with the route's best year |

## Product types to review

| Rank | HS6 | Product | Buyer-market imports | Below product high | Review level |
| ---: | --- | --- | ---: | ---: | --- |
| 1 | 030471 | Fish fillets: frozen, cod (Gadus morhua, Gadus ogac, Gadus macrocephalus) | $459.0M | 26% | Stable |
| 2 | 760110 | Aluminium: unwrought, (not alloyed) | $379.1M | 38% | Stable |
| 3 | 030472 | Fish fillets: frozen, haddock (Melanogrammus aeglefinus) | $138.9M | 0% | High attention |
| 4 | 230120 | Flours, meals and pellets: of fish or of crustaceans, molluscs or other aquatic invertebrates | $204.3M | 20.2% | Watch |
| 5 | 150420 | Fats and oils and their fractions: of fish, (excluding liver-oils) | $239.5M | 0% | Watch |
| 6 | 300215 | 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 | $5.7B | 0% | Watch |
| 7 | 160521 | Crustacean preparations: shrimps and prawns, prepared or preserved, not in airtight containers | $166.4M | 68.6% | Watch |
| 8 | 760120 | Aluminium: unwrought, alloys | $306.8M | 0% | High attention |
| 9 | 030252 | Fish: fresh or chilled, haddock (Melanogrammus aeglefinus), excluding fillets, livers, roes, and other fish meat of heading 0304 | $63.6M | 62.9% | High attention |
| 10 | 030444 | Fish fillets: fresh or chilled, of the families Bregmacerotidae, Euclichthyidae, Gadidae, Macrouridae, Melanonidae, Merlucciidae, Moridae, and Muraenolepididae | $23.1M | 79.6% | Critical attention |

## 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.