Trade route overview

Iceland exports to Türkiye
route risk review

See the latest reported exports, the products that need a closer look, and the conditions that may make this route harder to plan.

ISL-TUR2024 reported exports16 product typesHigh attention review level
Latest reported exports$28.4M2024 route total
Highest-priority products0Need the closest review
Products needing review4High-attention product types
Exports needing review57.8%Share of route exports
Overall review levelHigh attentionBased on available indicators

What this page shows

What should a business review on this route?

In 2024, Iceland reported $28.4M in goods exports to Türkiye. 4 product types are marked for closer review, covering 57.8% of reported exports. This is not a forecast and does not mean trade will stop. It shows where to look more closely at demand, annual changes, product mix, tariffs, and buyer-market conditions.

How to read this page

Three simple ideas explain the route

This page separates the size of the trade from the conditions worth checking and the product types that make up the route.

01 - Trade value

How much is traded?

This is the reported value of goods exported from Iceland to Türkiye in the latest available year.

$28.4M in 2024
02 - Review level

What does "high attention" mean?

It marks product types where one or more conditions deserve a closer look. It is not a prediction, a guaranteed loss, or a warning that trade will stop.

57.8% needs review
03 - Product code

What is a product type?

Each row is one HS6 product code. HS6 is the international six-digit code used to describe and compare traded goods.

16 product types

Start with the products

See the product rows behind the review level.

Compare the products, their buyer-market size, and the conditions that deserve a closer look.

Export history

How much was exported each year?

The latest twelve years of reported exports from Iceland to Türkiye. Bar lengths are relative to the highest year shown.

Latest annual total$32.2M2024 annual history
Highest year$32.2M2024 annual history
Latest below highest0%Difference from the highest year

Why this route needs review

What is behind the review signal?

A dollar amount can appear in more than one row. These rows show the conditions linked to the route; they are not separate losses.

What to reviewBar shows relative sizeExport value linked to it
Large year-to-year swings
$9.3M
Still below the previous high
$11.0M
Buyer demand is falling
$0.0
Product mix is concentrated
$18.1M
Tariffs and access rules
$0.0
Buyer economy is under pressure
$0.0

How to read the numbers

What do these measures tell us?

These measures describe yearly swings, the gap from the route's highest year, and how concentrated the product mix is.

Export volatility0.8Higher means bigger yearly swings
Below highest year26.7%Compared with the route's best year
Product concentration (HHI)1,780.90-10,000 scale; higher means fewer products dominate
Largest product share25.8%Share from the biggest product

Largest product

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

Product code HS6 030354 makes up 25.8% of exports from Iceland to Türkiye. The main reason to review it is: Trade has varied substantially across reported years

See product rows
Exports of this product$7.3M2024 reported value

Products to review

Which product types need a closer look?

Each row is one six-digit HS6 product code. Compare the buyer market's imports, the product's fall from its highest year, annual variation, and review level.

Top product types10 shown - 2024 values
Top product types for Iceland exports to Türkiye
RankProduct and codeBuyer-market importsBelow product highYearly variationReview level
1Fish: frozen, mackerel (Scomber scombrus, Scomber australasicus, Scomber japonicus), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99HS6 030354 - six-digit product code$44.7M0%0.7Watch
2Aluminium: unwrought, alloysHS6 760120 - six-digit product code$1.1B0%1.1High attention
3Fish fillets: frozen, coalfish (Pollachius virens)HS6 030473 - six-digit product code$10.9M54.8%0.7High attention
4Aluminium: (not alloyed), wire, maximum cross-sectional dimension exceeds 7mmHS6 760511 - six-digit product code$123.2M69%0.6High attention
5Elevators and conveyors: pneumaticHS6 842820 - six-digit product code$22.9M0%0Watch
6Machinery: industrial, for the preparation of meat or poultryHS6 843850 - six-digit product code$67.9M38%1.5High attention
7Fats and oils and their fractions: of fish, (excluding liver-oils)HS6 150420 - six-digit product code$169.5M43.8%1Watch
8Machinery: used in the industrial preparation or manufacture of food or drink, n.e.c. in heading no. 8438HS6 843880 - six-digit product code$83.4M78.8%1.4Watch
9Dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406HS6 040690 - six-digit product code$28.5M57.6%0.5Watch
10Skins: raw, of sheep or lambs, fresh, or salted, dried, limed, pickled or otherwise preserved, (but not tanned, parchment-dressed or further prepared), with wool onHS6 410210 - six-digit product code$30.7M81.3%1.1Watch

Buyer-market imports are total imports of that product into the buyer market, not only exports from Iceland. "Below product high" compares current exports with that product's highest reported year. Yearly variation is a calculated measure. Swipe sideways on a small screen to see every column.

Trade route conditions

What else can affect this route?

Distance, tariffs, trade agreements, the buyer economy, and business rules add context to the export total.

Distance between markets4,123 kmApproximate route distance
Trade agreement (FTA)YesReported agreement coverage
Average import tariff7.7%Average tax applied to imports
Buyer economy size$815.3B2024 gross domestic product
Buyer GDP per person$9.6KCurrent-dollar measure
Buyer economy outlookResilientAvailable buyer-economy context
Shared land borderNoDo the markets share a border?
Shared official languageNoReported common official language
Similar legal systemNoReported legal similarity
Shared religionNoReported cultural similarity
Language similarityNot reportedCommon spoken-language score
Business setup time7 daysDays to register a business

Questions about this page

Simple answers about this route

Definitions and limits for the figures above.

What does "high attention" mean?

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.

How much did Iceland export to Türkiye?

Iceland reported $28.4M in goods exports to Türkiye in 2024.

What does "exports needing review" mean?

57.8% of reported route exports are linked to product types marked for closer review. This points to where to investigate further.

What is an HS6 code?

An HS6 code is the international six-digit code used to describe and compare traded goods.

What conditions are shown?

The page shows yearly export changes, product concentration, tariffs, distance, trade-agreement coverage, buyer-economy context, and business setup time where reported.

Is this a forecast?

No. These are reported or calculated observations, not forecasts or guarantees.

Continue your research

Compare this route with products and markets.

Use the workspace to investigate which products, buyer conditions, and routes deserve attention.

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.