# Iceland Import Opportunities

Explore Iceland's import opportunities by product, supplier concentration, demand growth, and market size.

- Latest import year: 2024
- Latest imports: $9.2B
- Import CAGR: +8.2%
- Trade openness: 75.7%

## Top Import Opportunities

| Rank | Product | Description | Market size | Demand growth | Suppliers | Concentration |
| ---: | --- | --- | ---: | ---: | ---: | ---: |
| 1 | HS 271019 | Not reported | $884.6M | +8.2% | 81 | 2378 |
| 2 | HS 281820 | Aluminium oxide: other than artificial corundum | $682.9M | +9.4% | 13 | 3123 |
| 3 | HS 847150 | Digital processing units: other than those of subheadings 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units | $408.3M | +12.7% | 47 | 3111 |
| 4 | HS 854519 | Carbon electrodes: with or without metal, of a kind used for other than furnaces | $207.0M | +18.5% | 15 | 5669 |
| 5 | HS 854511 | Carbon electrodes: with or without metal, of a kind used for furnaces | $185.2M | +13.4% | 16 | 5213 |
| 6 | HS 880330 | Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 | $133.8M | +11.5% | 46 | 6775 |
| 7 | HS 230990 | Dog or cat food: (not put up for retail sale), used in animal feeding | $172.9M | +13.7% | 30 | 4464 |
| 8 | HS 271012 | Not reported | $172.1M | +7.9% | 29 | 4863 |
| 9 | HS 880240 | Aeroplanes and other aircraft: of an unladen weight exceeding 15,000kg | $102.2M | +19.2% | 8 | 5382 |
| 10 | HS 847180 | Data processing machines: automatic, units thereof n.e.s. in heading no. 8471 | $90.4M | +15.3% | 44 | 7410 |
| 11 | HS 300490 | Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $188.3M | +7.1% | 51 | 2726 |
| 12 | HS 890200 | Fishing vessels, factory ships and other vessels: for processing or preserving fishery products | $150.5M | +6.1% | 5 | 2861 |
| 13 | HS 150420 | Fats and oils and their fractions: of fish, (excluding liver-oils) | $51.3M | +24.7% | 14 | 3678 |
| 14 | HS 880230 | Aeroplanes and other aircraft: of an unladen weight exceeding 2000kg but not exceeding 15,000kg | $23.3M | +22.4% | 4 | 9847 |
| 15 | HS 851762 | Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus | $117.7M | +13.3% | 60 | 1382 |
| 16 | HS 870380 | Vehicles: with only electric motor for propulsion | $78.3M | +23.8% | 22 | 1511 |
| 17 | HS 030483 | Fish fillets: frozen, flat fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae) | $19.8M | +30.6% | 4 | 9219 |
| 18 | HS 841112 | Turbo-jets: of a thrust exceeding 25kN | $43.7M | +8.0% | 5 | 5162 |
| 19 | HS 880320 | Aircraft and spacecraft: under-carriages and parts thereof | $24.5M | +14.8% | 16 | 8230 |
| 20 | HS 300215 | Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale | $58.9M | +23.0% | 25 | 2197 |
| 21 | HS 870360 | Vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, capable of being charged by plugging to external source of electric power | $77.7M | +25.4% | 20 | 1365 |
| 22 | HS 870340 | Vehicles: with both spark-ignition internal combustion piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power | $37.5M | +34.4% | 20 | 2160 |
| 23 | HS 761090 | Aluminium: structures (excluding prefabricated buildings of heading no. 9406) and parts of structures, n.e.c. in heading no. 7610, plates, rods, profiles, tubes and the like | $29.9M | +12.1% | 38 | 4707 |
| 24 | HS 847130 | Data processing machines: portable, digital and automatic, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display | $36.2M | +4.4% | 45 | 4969 |
| 25 | HS 051191 | Animal products: of fish or crustaceans, molluscs or other aquatic invertebrates and dead animals of chapter 3, unfit for human consumption | $36.2M | +15.7% | 14 | 4297 |
| 26 | HS 850131 | Electric motors and generators: DC, of an output not exceeding 750W | $16.5M | +19.2% | 45 | 9111 |
| 27 | HS 870333 | Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity exceeding 2500cc | $24.8M | +5.4% | 16 | 8444 |
| 28 | HS 220210 | Waters: including mineral and aerated, containing added sugar or other sweetening matter or flavoured | $41.3M | +18.5% | 64 | 2112 |
| 29 | HS 300420 | Medicaments: containing antibiotics (other than penicillins, streptomycins or their derivatives), for therapeutic or prophylactic uses, packaged for retail sale | $20.0M | +10.6% | 19 | 9055 |
| 30 | HS 730890 | Iron or steel: structures and parts thereof, n.e.s. in heading no. 7308 | $63.5M | +10.6% | 44 | 1382 |
| 31 | HS 252329 | Cement: portland, other than white, whether or not artificially coloured | $23.5M | +19.7% | 9 | 4983 |
| 32 | HS 940610 | Buildings: prefabricated, of wood | $38.7M | +12.4% | 24 | 2419 |
| 33 | HS 270112 | Coal: bituminous, whether or not pulverised, but not agglomerated | $19.9M | +7.6% | 3 | 7793 |
| 34 | HS 240399 | Tobacco: other than homogenised or reconstituted or smoking | $18.0M | +20.0% | 21 | 5608 |
| 35 | HS 271121 | Petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas | $11.3M | +63.1% | 2 | 10000 |
| 36 | HS 870331 | Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity not exceeding 1500cc | $13.9M | +23.3% | 11 | 6379 |
| 37 | HS 270119 | Coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated | $29.0M | +18.3% | 7 | 3147 |
| 38 | HS 030635 | Crustaceans: live, fresh or chilled, cold-water shrimps and prawns (Pandalus spp., Crangon crangon), in shell or not | $10.3M | +63.0% | 2 | 9960 |
| 39 | HS 847149 | Data processing machines: digital, automatic, (not portable, analogue or hybrid), presented in the form of systems, n.e.s. in item no. 8471.41 | $34.5M | +6.9% | 33 | 3797 |
| 40 | HS 760719 | Aluminium: foil, (not backed), of a thickness not exceeding 0.2mm, not rolled | $20.4M | +13.5% | 24 | 5013 |
| 41 | HS 441810 | Wood: windows, French-windows and their frames | $28.8M | +15.9% | 20 | 2750 |
| 42 | HS 382200 | Reagents: diagnostic or laboratory reagents on a backing and prepared diagnostic or laboratory reagents whether or not on a backing, other than those of heading no. 3002 or 3006: certified reference material | $34.8M | +9.9% | 47 | 2187 |
| 43 | HS 854460 | Insulated electric conductors: for a voltage exceeding 1000 volts | $18.8M | +8.4% | 31 | 4982 |
| 44 | HS 030616 | Crustaceans: frozen, cold-water shrimps and prawns (Pandalus spp., Crangon crangon), in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water | $21.2M | +4.4% | 17 | 4676 |
| 45 | HS 850440 | Electrical static converters | $29.3M | +10.3% | 61 | 1853 |
| 46 | HS 853710 | Boards, panels, consoles, desks and other bases: for electric control or the distribution of electricity, (other than switching apparatus of heading no. 8517), for a voltage not exceeding 1000 volts | $29.8M | +12.1% | 61 | 1834 |
| 47 | HS 852872 | Reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen | $15.5M | +6.8% | 30 | 6484 |
| 48 | HS 870210 | Vehicles: public transport type (carries 10 or more passengers), compression-ignition internal combustion piston engine (diesel or semi-diesel) | $37.4M | +12.3% | 23 | 1678 |
| 49 | HS 870332 | Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity exceeding 1500cc but not exceeding 2500cc | $37.7M | +8.6% | 24 | 1988 |
| 50 | HS 382600 | Biodiesel and mixtures thereof: not containing or containing less than 70% by weight of petroleum oils or oils obtained from bituminous minerals | $11.3M | +40.0% | 8 | 4513 |

## Supply Gaps

Products with higher supplier concentration may deserve closer continuity and sourcing review. This is a screening signal, not a recommendation by itself.

## Method

Reported trade observations and calculated indicators are shown separately. Validate suppliers, tariffs, standards, logistics, pricing, and continuity before acting.

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). [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.