# Iceland Import Demand Profile: Data, Sectors & Suppliers | Yugalinks

> Published by **Yugalinks**, global trade intelligence for growing businesses.

Explore import demand for Iceland with OECD trade data: sectors, suppliers, economy context, and trade history.

Canonical: https://www.yugalinks.com/trade/country-import/ISL

## Iceland import demand overview

In 2024, Iceland recorded $9.2B in reported imports. Aluminium was the largest displayed import sector by value.

## Country snapshot

| Measure | Value |
| --- | ---: |
| Latest imports | $9.2B |
| Import growth | +3% |
| Population | 386.5K |
| GDP per capita | $86.0K |
| Trade openness | 75.7% |

## Import sectors

| Rank | HS2 | Sector | Imports | Share | Import partners | Active HS6 |
| ---: | --- | --- | ---: | ---: | ---: | ---: |
| 1 | 76 | Aluminium | $127.2M | 1.4% | 67 | 35 |
| 2 | 03 | Fish and crustaceans | $116.3M | 1.3% | 67 | 195 |
| 3 | 90 | Optical and medical instruments | $219.3M | 2.4% | 98 | 142 |
| 4 | 30 | Pharmaceutical products | $309.4M | 3.4% | 64 | 38 |
| 5 | 15 | Animal and vegetable fats | $76.9M | 0.8% | 64 | 48 |
| 6 | 23 | Food industry residues | $197.7M | 2.2% | 46 | 16 |
| 7 | 72 | Iron and steel | $60.0M | 0.7% | 51 | 146 |
| 8 | 84 | Machinery | $1.3B | 14.5% | 107 | 506 |
| 9 | 16 | Prepared meat and fish | $17.7M | 0.2% | 54 | 41 |
| 10 | 85 | Electrical machinery | $994.7M | 10.8% | 109 | 262 |

## Import history

| Year | Imports | Exports | Balance |
| ---: | ---: | ---: | ---: |
| 1995 | $1.6B | $1.8B | $241.1M |
| 1996 | $1.9B | $2.0B | $137.1M |
| 1997 | $1.9B | $1.9B | $63.1M |
| 1998 | $2.3B | $2.1B | -$241.7M |
| 1999 | $2.3B | $2.2B | -$140.2M |
| 2000 | $2.6B | $2.1B | -$483.4M |
| 2001 | $2.5B | $2.3B | -$270.7M |
| 2002 | $2.2B | $2.4B | $264.1M |
| 2003 | $2.7B | $2.6B | -$102.9M |
| 2004 | $3.7B | $3.1B | -$504.8M |
| 2005 | $4.8B | $3.2B | -$1.6B |
| 2006 | $5.5B | $3.5B | -$2.0B |
| 2007 | $6.4B | $4.3B | -$2.1B |
| 2008 | $5.7B | $4.9B | -$732.2M |
| 2009 | $3.6B | $4.1B | $531.1M |
| 2010 | $4.6B | $4.8B | $196.5M |
| 2011 | $6.0B | $5.5B | -$537.6M |
| 2012 | $5.1B | $5.5B | $372.4M |
| 2013 | $4.8B | $6.0B | $1.2B |
| 2014 | $5.0B | $5.8B | $841.4M |
| 2015 | $5.4B | $5.0B | -$418.4M |
| 2016 | $5.9B | $4.5B | -$1.4B |
| 2017 | $6.7B | $5.0B | -$1.6B |
| 2018 | $7.4B | $5.8B | -$1.6B |
| 2019 | $6.2B | $5.2B | -$991.5M |
| 2020 | $5.3B | $4.7B | -$628.3M |
| 2021 | $7.3B | $6.2B | -$1.0B |
| 2022 | $9.1B | $7.3B | -$1.8B |
| 2023 | $8.9B | $6.7B | -$2.2B |
| 2024 | $9.2B | $7.1B | -$2.1B |

## Data coverage

- Country: **Iceland (ISL)**
- Coverage: **1995-2024**
- Publisher: [Yugalinks](https://www.yugalinks.com/)

## 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.

## 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.