{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:10.090Z", "seo": { "title": "Iceland exports to Japan: Trade Route Risk | Yugalinks", "description": "Understand reported exports from Iceland to Japan, 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": "ISL", "country_name": "Iceland" }, "importer": { "iso3": "JPN", "country_name": "Japan" }, "latestYear": 2024, "risk": { "exporter_iso3": "ISL", "importer_iso3": "JPN", "all_history_lane_count": 79, "current_lane_count": 27, "current_product_count": 27, "first_observed_last_year": 1996, "latest_data_year": 2024, "current_trade_usd": 105599123.45340025, "attention_trade_usd": 100529959.7956556, "critical_trade_usd": 23143644.681397144, "high_volatility_trade_usd": 58550024.58867677, "unrecovered_drawdown_trade_usd": 42400298.40082635, "declining_demand_trade_usd": 13163170.137915501, "concentrated_market_trade_usd": 16915938.85268197, "access_friction_trade_usd": 105599123.45340025, "buyer_macro_weakness_trade_usd": 105599123.45340025, "critical_lane_count": 2, "high_attention_lane_count": 10, "high_volatility_lane_count": 9, "unrecovered_drawdown_lane_count": 13, "declining_demand_lane_count": 3, "concentrated_market_lane_count": 14, "access_friction_lane_count": 27, "trade_weighted_volatility_cv": 0.8449871243705058, "trade_weighted_below_peak_pct": 49.50929315009222, "product_concentration_hhi": 2746.3694658982595, "top1_product_share_pct": 49.16163089913444, "top3_product_share_pct": 71.07814301072425, "top_product_hs6": "720221", "top_product_trade_usd": 51914251.304881945, "top_product_description": "Ferro-alloys: ferro-silicon, containing by weight more than 55% of silicon", "top_attention_product_hs6": "720221", "top_attention_product_reason": "Trade has varied substantially across reported years", "distance_km": 8808.419921875, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0.10679999738931656, "has_reported_fta": 0, "avg_applied_tariff_pct": 4.060224438230304, "avg_mfn_tariff_pct": 4.060224438230304, "avg_preferential_tariff_pct": null, "tariff_advantage_pp": null, "buyer_biz_entry_days": 11.1, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 4937421.880462, "buyer_gdp_pc_latest": 39285, "buyer_population_latest": 125681.595, "buyer_gdp_5y_cagr_pct": -4.67885267787802, "buyer_gdp_pc_5y_cagr_pct": -4.27363742210356, "buyer_population_5y_cagr_pct": -0.4233058113377264, "buyer_investment_5y_avg_pct": 24.977999999999998, "buyer_savings_5y_avg_pct": 24.869999999999997, "buyer_macro_resilience_label": "Buyer economy and income contracted", "attention_trade_share_pct": 95.19961578091922, "critical_trade_share_pct": 21.91651211158981, "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "declining_buyer_demand", "concentrated_product_mix", "concentrated_buyer_markets", "market_access_friction", "buyer_macro_weakness" ], "attention_level": "Critical attention", "primary_risk_reason": "Tariff, distance or agreement conditions create market-access friction", "buyer_gdp_mn_2024": 4937421.880462, "buyer_gdp_pc_2024": 39285, "buyer_population_2024": 125681.595 }, "history": [ { "year": 1995, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 200393888.7043808, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 217643018.98453936, "yoy_growth_pct": 8.607612932550213, "cagr_3y_pct": null }, { "year": 1997, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 154006062.2638311, "yoy_growth_pct": -29.23914445665211, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 127544443.6588761, "yoy_growth_pct": -17.182192840969492, "cagr_3y_pct": -13.981402567174772 }, { "year": 1999, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 131309533.2359215, "yoy_growth_pct": 2.9519824376789794, "cagr_3y_pct": -15.501207015143626 }, { "year": 2000, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 126388815.73198792, "yoy_growth_pct": -3.747418319652851, "cagr_3y_pct": -6.37533517288592 }, { "year": 2001, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 88313095.32566372, "yoy_growth_pct": -30.125862154658645, "cagr_3y_pct": -11.531664887992022 }, { "year": 2002, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 86608355.62307088, "yoy_growth_pct": -1.9303362613510844, "cagr_3y_pct": -12.952858956551061 }, { "year": 2003, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 95224618.78593229, "yoy_growth_pct": 9.94853568212326, "cagr_3y_pct": -9.005837377611247 }, { "year": 2004, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 104118266.40284464, "yoy_growth_pct": 9.339651584119778, "cagr_3y_pct": 5.6413495288298865 }, { "year": 2005, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 116641476.89113949, "yoy_growth_pct": 12.027870729081513, "cagr_3y_pct": 10.432712332498696 }, { "year": 2006, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 98702197.69229291, "yoy_growth_pct": -15.379845726395558, "cagr_3y_pct": 1.2027995991986007 }, { "year": 2007, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 113152692.66806681, "yoy_growth_pct": 14.640499718986755, "cagr_3y_pct": 2.8125162518232827 }, { "year": 2008, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 124290177.31799933, "yoy_growth_pct": 9.84288078994664, "cagr_3y_pct": 2.139705005407233 }, { "year": 2009, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 95495565.01482266, "yoy_growth_pct": -23.167246941409523, "cagr_3y_pct": -1.0948756514248759 }, { "year": 2010, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 124924340.28739108, "yoy_growth_pct": 30.816902615320974, "cagr_3y_pct": 3.354024072596329 }, { "year": 2011, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 150490149.91944396, "yoy_growth_pct": 20.465034734814846, "cagr_3y_pct": 6.583609178277827 }, { "year": 2012, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 128512711.86721855, "yoy_growth_pct": -14.603904683455848, "cagr_3y_pct": 10.40471690917295 }, { "year": 2013, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 120856483.47459544, "yoy_growth_pct": -5.957565038806168, "cagr_3y_pct": -1.0974180043233361 }, { "year": 2014, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 118132820.926339, "yoy_growth_pct": -2.2536337893936498, "cagr_3y_pct": -7.752593150474841 }, { "year": 2015, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 122269626.41579653, "yoy_growth_pct": 3.501825705184003, "cagr_3y_pct": -1.6462705717880444 }, { "year": 2016, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 122638388.7877164, "yoy_growth_pct": 0.3015976925175412, "cagr_3y_pct": 0.48907013241694663 }, { "year": 2017, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 127417019.22510135, "yoy_growth_pct": 3.896520889276056, "cagr_3y_pct": 2.553925518097544 }, { "year": 2018, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 139671722.1073173, "yoy_growth_pct": 9.617791215603756, "cagr_3y_pct": 4.535379658293115 }, { "year": 2019, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 97465735.37863971, "yoy_growth_pct": -30.217989791984134, "cagr_3y_pct": -7.372094783658567 }, { "year": 2020, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 60170793.84115002, "yoy_growth_pct": -38.26466951960549, "cagr_3y_pct": -22.12714449270129 }, { "year": 2021, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 108761413.50281395, "yoy_growth_pct": 80.75449326785088, "cagr_3y_pct": -7.999797110412333 }, { "year": 2022, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 164591951.6675594, "yoy_growth_pct": 51.333038406402245, "cagr_3y_pct": 19.083669944847713 }, { "year": 2023, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 158274635.7929765, "yoy_growth_pct": -3.8381681549912727, "cagr_3y_pct": 38.04113681698331 }, { "year": 2024, "exporter_iso3": "ISL", "importer_iso3": "JPN", "export_value_usd": 109759308.03910653, "yoy_growth_pct": -30.652623214580068, "cagr_3y_pct": 0.3049053415351999 } ], "riskLanes": [ { "exporter_iso3": "ISL", "importer_iso3": "JPN", "hs_code": "720221", "hs_description": "Ferro-alloys: ferro-silicon, containing by weight more than 55% of silicon", "buyer_imports_latest_usd": 516553928.9465876, "current_below_peak_pct": 39.71159405839494, "lane_volatility_cv": 1.0797829181864225, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "long_distance_without_fta", "buyer_macro_weakness" ] }, { "exporter_iso3": "ISL", "importer_iso3": "JPN", "hs_code": "030331", "hs_description": "Fish: halibut (reinhardtius hippoglossoides, hippoglossus hippoglossus, hippoglossus stenolepis), frozen (excluding fillets, livers, roes and other fish meat of heading no. 0304)", "buyer_imports_latest_usd": 62059047.040582515, "current_below_peak_pct": 67.65549433532898, "lane_volatility_cv": 0.39687850255816115, "attention_level": "Critical attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "long_distance_without_fta", "buyer_macro_weakness" ] }, { "exporter_iso3": "ISL", "importer_iso3": "JPN", "hs_code": "030359", "hs_description": "Fish: frozen, n.e.c. in item no. 0303.5, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99", "buyer_imports_latest_usd": 49717049.175271906, "current_below_peak_pct": 84.39340980146727, "lane_volatility_cv": 0.5083882914235477, "attention_level": "Critical attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "declining_buyer_demand", "long_distance_without_fta", "buyer_macro_weakness" ] }, { "exporter_iso3": "ISL", "importer_iso3": "JPN", "hs_code": "030391", "hs_description": "Fish: frozen, livers, roes and milt", "buyer_imports_latest_usd": 360662066.13798904, "current_below_peak_pct": 65.60528558056859, "lane_volatility_cv": 0.42901086864106885, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_buyer_market", "dominant_supplier", "long_distance_without_fta", "buyer_macro_weakness" ] }, { "exporter_iso3": "ISL", "importer_iso3": "JPN", "hs_code": "030499", "hs_description": "Fish: fish meat (whether or not minced) other than fillets, frozen, excluding swordfish (Xiphias gladius) and toothfish (Dissostichus spp.)", "buyer_imports_latest_usd": 428943349.66819954, "current_below_peak_pct": 0, "lane_volatility_cv": 1.0490611643580732, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "long_distance_without_fta", "buyer_macro_weakness" ] }, { "exporter_iso3": "ISL", "importer_iso3": "JPN", "hs_code": "030489", "hs_description": "Fish fillets: frozen, of fish n.e.c. in heading 0304.8", "buyer_imports_latest_usd": 674163288.9621238, "current_below_peak_pct": 72.16867094538894, "lane_volatility_cv": 0.6382198322633671, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "long_distance_without_fta", "buyer_macro_weakness" ] }, { "exporter_iso3": "ISL", "importer_iso3": "JPN", "hs_code": "030389", "hs_description": "Fish: frozen, n.e.c. in heading 0303, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99", "buyer_imports_latest_usd": 275469039.3660184, "current_below_peak_pct": 92.18020474588666, "lane_volatility_cv": 0.5634967367850516, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_buyer_market", "dominant_supplier", "long_distance_without_fta", "buyer_macro_weakness" ] }, { "exporter_iso3": "ISL", "importer_iso3": "JPN", "hs_code": "030483", "hs_description": "Fish fillets: frozen, flat fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae)", "buyer_imports_latest_usd": 122089020.17834, "current_below_peak_pct": 0, "lane_volatility_cv": 0.8349390567328957, "attention_level": "High attention", "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers", "risk_driver_labels": [ "concentrated_buyer_market", "dominant_supplier", "long_distance_without_fta", "buyer_macro_weakness" ] }, { "exporter_iso3": "ISL", "importer_iso3": "JPN", "hs_code": "030354", "hs_description": "Fish: frozen, mackerel (Scomber scombrus, Scomber australasicus, Scomber japonicus), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99", "buyer_imports_latest_usd": 165229292.57786277, "current_below_peak_pct": 64.45403561926372, "lane_volatility_cv": 0.8790910768045616, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_buyer_market", "dominant_supplier", "long_distance_without_fta", "buyer_macro_weakness" ] }, { "exporter_iso3": "ISL", "importer_iso3": "JPN", "hs_code": "902139", "hs_description": "Artificial parts of the body: excluding artificial joints", "buyer_imports_latest_usd": 791518350.2756463, "current_below_peak_pct": 52.645574544304395, "lane_volatility_cv": 0.9315204144280705, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "long_distance_without_fta", "buyer_macro_weakness" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "ISL", "importer_iso3": "JPN", "distance_km": 8820, "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": 0, "rta_coverage_ratio": null, "exporter_is_wto": 1, "importer_is_wto": 1, "exporter_is_eu": 0, "importer_is_eu": 0, "importer_gdp_million_usd": 4937421.880461999, "importer_gdp_per_capita_usd": 39285.162481125415, "importer_population": 125681.595, "importer_biz_entry_days": 11.1, "importer_biz_entry_cost_pct": 7.5, "exporter_gdp_million_usd": 25458.933915999998, "exporter_gdp_per_capita_usd": 68383.7653366282, "avg_applied_tariff_pct": 4.060224438230304, "avg_mfn_tariff_pct": 4.060224438230304, "avg_preferential_tariff_pct": null, "tariff_advantage_pp": null }, "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/ISL-JPN/risk", "html": "https://www.yugalinks.com/trade/corridor/ISL-JPN/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/ISL-JPN/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/ISL-JPN/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/ISL-JPN/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" } }