Trade route overview

Iceland exports to Vietnam
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-VNM2024 reported exports9 product typesHigh attention review level
Latest reported exports$2.8M2024 route total
Highest-priority products0Need the closest review
Products needing review1High-attention product types
Exports needing review64.4%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 $2.8M in goods exports to Vietnam. 1 product types are marked for closer review, covering 64.4% 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 Vietnam in the latest available year.

$2.8M 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.

64.4% 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.

9 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 Vietnam. Bar lengths are relative to the highest year shown.

Latest annual total$4.1M2024 annual history
Highest year$28.8M2015 annual history
Latest below highest85.7%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
$105.1K
Still below the previous high
$324.4K
Buyer demand is falling
$0.0
Product mix is concentrated
$2.7M
Tariffs and access rules
$2.8M
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 year28.5%Compared with the route's best year
Product concentration (HHI)4,492.50-10,000 scale; higher means fewer products dominate
Largest product share64.4%Share from the biggest product

Largest product

Fish: frozen, trout (Salmo trutta, Oncorhynchus mykiss, Oncorhynchus clarki, Oncorhynchus aguabonita, Oncorhynchus gilae, Oncorhynchus apache and Oncorhynchus chrysogaster), excluding fillets, livers, roes, and other fish meat of heading 0304

Product code HS6 030314 makes up 64.4% of exports from Iceland to Vietnam. The main reason to review it is: A small number of products or suppliers carry much of the route.

See product rows
Exports of this product$1.8M2024 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 types9 shown - 2024 values
Top product types for Iceland exports to Vietnam
RankProduct and codeBuyer-market importsBelow product highYearly variationReview level
1Fish: frozen, trout (Salmo trutta, Oncorhynchus mykiss, Oncorhynchus clarki, Oncorhynchus aguabonita, Oncorhynchus gilae, Oncorhynchus apache and Oncorhynchus chrysogaster), excluding fillets, livers, roes, and other fish meat of heading 0304HS6 030314 - six-digit product code$69.4M23%0.7High attention
2Fish: 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$165.7M18.6%0.7Watch
3Polymers, natural and modified natural: in primary forms (excluding alginic acid, its salts and esters)HS6 391390 - six-digit product code$22.7M58.9%1Watch
4Fish: frozen, n.e.c. in item no. 0303.5, excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0303.91 to 0303.99HS6 030359 - six-digit product code$38.0M31.4%0.9Watch
5Fish: frozen, fish fins (other than shark fins), heads, tails, maws and other edible fish offalHS6 030399 - six-digit product code$29.4M94.5%1.6Watch
6Fish fillets: frozen, salmon, Pacific (Oncorhynchus nerka, Oncorhynchus gorbuscha, Oncorhynchus keta, Oncorhynchus tschawytscha, Oncorhynchus kisutch, Oncorhynchus masou, Oncorhynchus rhodurus), Atlantic (Salmo salar), and Danube (Hucho hucho)HS6 030481 - six-digit product code$47.6M31.8%0.7Watch
7Seaweeds and other algae: fit for human consumption, fresh, chilled, frozen or dried, whether or not groundHS6 121221 - six-digit product code$21.6M58.9%0.5Watch
8Vegetable saps and extracts: n.e.c. in item no. 1302.1HS6 130219 - six-digit product code$25.6M62.4%0.6Watch
9Machines and appliances: for testing the hardness, strength, compressibility, elasticity or other mechanical properties of metalsHS6 902410 - six-digit product code$12.2M43.3%0.3Watch

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 markets9,550 kmApproximate route distance
Trade agreement (FTA)NoReported agreement coverage
Average import tariff15.9%Average tax applied to imports
Buyer economy size$362.6B2024 gross domestic product
Buyer GDP per person$3.7KCurrent-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 time16 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 Vietnam?

Iceland reported $2.8M in goods exports to Vietnam in 2024.

What does "exports needing review" mean?

64.4% 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.