# Iceland exports to Portugal: Trade Route Risk | Yugalinks

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

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

## Route overview

In 2024, Iceland reported $99.8M in goods exports to Portugal. 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 | $99.8M | 2024 route total |
| Exports needing review | 26.2% | Share of route exports |
| Highest-priority products | 0 | Need the closest review |
| Products needing review | 3 | High-attention product types |
| Export volatility | 0.6 | Higher means bigger yearly swings |
| Below highest year | 27.6% | Compared with the route's best year |

## Product types to review

| Rank | HS6 | Product | Buyer-market imports | Below product high | Review level |
| ---: | --- | --- | ---: | ---: | --- |
| 1 | 030562 | Fish: cod (gadus morhua, gadus ogac, gadus macrocephalus), salted or in brine but not dried or smoked | $356.9M | 33.6% | Stable |
| 2 | 760110 | Aluminium: unwrought, (not alloyed) | $96.9M | 0% | High attention |
| 3 | 030354 | 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 | $12.8M | 20.8% | High attention |
| 4 | 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 | $22.6M | 23.5% | High attention |
| 5 | 720449 | Ferrous waste and scrap: n.e.s. in heading no. 7204 | $280.4M | 0% | Watch |
| 6 | 720429 | Ferrous waste and scrap: of alloy steel (excluding stainless) | $41.5M | 80.6% | Watch |
| 7 | 030389 | 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 | $54.5M | 83.1% | Watch |
| 8 | 030532 | Fish fillets: dried, salted or in brine, but not smoked, of the families Bregmacerotidae, Euclichthyidae, Gadidae, Macrouridae, Melanonidae, Merlucciidae, Moridae and Muraenolepididae | $25.6M | 94.5% | Watch |
| 9 | 030363 | Fish: frozen, cod (Gadus morhua, Gadus ogac, Gadus macrocephalus), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99 | $123.9M | 11.4% | Watch |
| 10 | 901580 | Surveying equipment: articles n.e.c. in heading no. 9015, including hydrographic, oceanographic, hydrological, meteorological or geophysical instruments and appliances (excluding compasses) | $13.9M | 29.5% | 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.