Sector footprint
$92.6M in exports
Reported agriculture and food exports in 2024 across 29 qualifying HS6 products.
Sector export playbook ยท HS 01-24
Iceland Agriculture and food exports
where capability meets demand
Explore Iceland's HS 01-24 product portfolio, buyer markets, growth signals, and diversification opportunities. Use this guide to prioritize research, not to treat calculated indicators as guaranteed sales.
Sector exports$92.6M2024 reported value
Products29Qualifying HS6 products
Buyer markets12Markets represented
Average CAGR+20.4%Product-level growth signal
Global sector size$125.0BReported buyer imports
Agriculture and food capability
How strong is Iceland in this sector?
Compare exporter scale with product breadth, buyer demand, growth, and destination reach. A large sector does not remove the need for product, compliance, pricing, and buyer validation.
Global demand
$125.0B buyer imports
The sector's reported buyer import base provides context for product and market prioritization.
How to use the guide
Find the next credible move
Start with products that combine demand and exporter capability, then validate standards, route economics, buyers, and competition.
Product portfolio
Which products anchor the sector?
Each HS6 product is ranked by calculated opportunity and shown with reported market size, exporter exports, growth, and destination reach.
| Product | Global size | Your exports | Opportunity | CAGR | Markets | Share |
|---|---|---|---|---|---|---|
| HS 210690Food preparations: n.e.s. in item no. 2106.10 | $17.2B | $2.3M | $9.6B | +15.0% | 5 | +0.0% |
| HS 220300Beer: made from malt | $8.7B | $35.7K | $8.5B | +1.0% | 2 | +0.0% |
| HS 190590Food preparations: bakers' wares n.e.c. in heading no. 1605, whether or not containing cocoa: communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice papers and similar products | $9.1B | $4.2K | $7.2B | -6.5% | 2 | +0.0% |
| HS 220890Spirits, liqueurs and other spirituous beverages: n.e.c. in heading no. 2208 | $4.9B | $29.8K | $6.6B | +6.8% | 1 | +0.0% |
| HS 030617Crustaceans: frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water | $9.1B | $128.4K | $6.2B | +41.6% | 2 | +0.0% |
| HS 030214Fish: fresh or chilled, Atlantic salmon (Salmo salar) and Danube salmon (Hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99 | $4.7B | $77.1M | $5.3B | +114.9% | 4 | +1.7% |
| HS 090111Coffee: not roasted or decaffeinated | $12.3B | $567.5 | $5.0B | +41.6% | 3 | +0.0% |
| HS 230910Dog or cat food: put up for retail sale, used in animal feeding | $7.7B | $2.2M | $4.6B | +34.6% | 4 | +0.0% |
| HS 220421Wine: still, in containers holding 2 litres or less | $9.3B | $6.5K | $4.0B | -5.3% | 3 | +0.0% |
| HS 240220Cigarettes: containing tobacco | $3.2B | $9.4 | $2.7B | -25.5% | 1 | +0.0% |
| HS 030441Fish fillets: fresh or chilled, salmon, Pacific (Oncorhynchus nerka, Oncorhynchus gorbuscha, Oncorhynchus keta, Oncorhynchus tschawytscha, Oncorhynchus kisutch, Oncorhynchus masou and Oncorhynchus rhodurus), Atlantic (Salmo salar), Danube (Hucho hucho) | $2.6B | $9.6M | $2.2B | +7.7% | 1 | +0.4% |
| HS 020230Meat: of bovine animals, boneless cuts, frozen | $4.8B | $17.9 | $2.0B | -28.4% | 1 | +0.0% |
| HS 151790Edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516 | $1.2B | $257.4K | $1.8B | +19.2% | 1 | +0.0% |
| HS 230120Flours, meals and pellets: of fish or of crustaceans, molluscs or other aquatic invertebrates | $3.0B | $117.2K | $1.7B | +19.4% | 1 | +0.0% |
| HS 190531Food preparations: sweet biscuits, whether or not containing cocoa | $2.4B | $478.2 | $1.6B | -13.6% | 1 | +0.0% |
| HS 040690Dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406 | $4.4B | $1.3K | $1.6B | -3.1% | 1 | +0.0% |
| HS 090121Coffee: roasted, not decaffeinated | $2.0B | $798.7 | $1.5B | +18.7% | 1 | +0.0% |
| HS 220830Whiskies | $2.1B | $21.3K | $1.5B | -6.5% | 1 | +0.0% |
| HS 170490Sugar confectionery: (excluding chewing gum, including white chocolate), not containing cocoa | $3.2B | $114.1K | $1.5B | -2.6% | 1 | +0.0% |
| HS 180620Chocolate & other food preparations containing cocoa: in blocks, slabs or bars weighing more than 2kg or in liquid, paste, powder, granular or other bulk form in containers or immediate packings, content exceeding 2kg | $1.4B | $26.6 | $1.4B | +0.7% | 1 | +0.0% |
| HS 220820Spirits obtained by distilling grape wine or grape marc | $1.2B | $9.2K | $1.4B | +12.9% | 1 | +0.0% |
| HS 060290Plants, live: n.e.s. in heading no. 0602 | $1.5B | $4.8 | $1.3B | -25.4% | 1 | +0.0% |
| HS 030614Crustaceans: crabs, frozen (whether in shell or not, whether or not cooked by steaming or by boiling in water) | $1.0B | $9.6K | $1.1B | -16.1% | 1 | +0.0% |
| HS 180690Chocolate and other food preparations containing cocoa: n.e.c. in chapter 18 | $1.9B | $66.5K | $1.0B | +18.2% | 1 | +0.0% |
| HS 040510Dairy produce: derived from milk, butter | $735.1M | $169.0K | $997.0M | +51.9% | 1 | +0.0% |
| HS 070200Vegetables: tomatoes, fresh or chilled | $1.7B | $24.6K | $927.8M | +26.4% | 1 | +0.0% |
| HS 020442Meat: of sheep (including lamb), cuts with bone in (excluding carcasses and half-carcasses), frozen | $906.5M | $33.5K | $886.6M | +12.9% | 1 | +0.0% |
| HS 220210Waters: including mineral and aerated, containing added sugar or other sweetening matter or flavoured | $1.7B | $293.4K | $804.1M | +33.1% | 1 | +0.0% |
| HS 060319Flowers, cut: flowers and buds of a kind suitable for bouquets or ornamental purposes, fresh, other than roses, carnations, orchids, or chrysanthemums | $825.4M | $2.2 | $795.6M | -22.8% | 1 | +0.0% |
Best markets
Where does sector demand concentrate?
Markets are ranked by calculated opportunity across the qualifying products in this sector view.
USA
USA, Puerto Rico and US Virgin Islands
20 products represented in the sector.
$47.9B$70.0B reported buyer importsCHN
China
6 products represented in the sector.
$11.1B$15.6B reported buyer importsDEU
Germany
8 products represented in the sector.
$11.0B$20.3B reported buyer importsCAN
Canada
3 products represented in the sector.
$5.2B$5.2B reported buyer importsPOL
Poland
2 products represented in the sector.
$3.4B$3.3B reported buyer importsSWE
Sweden
1 products represented in the sector.
$1.3B$1.0B reported buyer importsGBR
United Kingdom
1 products represented in the sector.
$1.1B$2.8B reported buyer importsMEX
Mexico
1 products represented in the sector.
$1.0B$1.1B reported buyer importsBEL
Belgium
1 products represented in the sector.
$994.6M$2.0B reported buyer importsKOR
Republic of Korea
1 products represented in the sector.
$993.9M$1.7B reported buyer importsFRA
France
1 products represented in the sector.
$905.1M$1.2B reported buyer importsDNK
Denmark
1 products represented in the sector.
$902.7M$977.7M reported buyer importsGrowth stars
Which products show the strongest growth?
Average product-level CAGR is a screening signal. Confirm the latest trend, base effects, buyer quality, and commercial feasibility before acting.
| Product | Average CAGR | Opportunity | Markets |
|---|---|---|---|
| HS 030214Fish: fresh or chilled, Atlantic salmon (Salmo salar) and Danube salmon (Hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99 | +114.9% | $5.3B | 4 |
| HS 040510Dairy produce: derived from milk, butter | +51.9% | $997.0M | 1 |
| HS 030617Crustaceans: frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water | +41.6% | $6.2B | 2 |
| HS 090111Coffee: not roasted or decaffeinated | +41.6% | $5.0B | 3 |
| HS 230910Dog or cat food: put up for retail sale, used in animal feeding | +34.6% | $4.6B | 4 |
| HS 220210Waters: including mineral and aerated, containing added sugar or other sweetening matter or flavoured | +33.1% | $804.1M | 1 |
| HS 070200Vegetables: tomatoes, fresh or chilled | +26.4% | $927.8M | 1 |
| HS 230120Flours, meals and pellets: of fish or of crustaceans, molluscs or other aquatic invertebrates | +19.4% | $1.7B | 1 |
| HS 151790Edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, other than edible fats or oils of heading no. 1516 | +19.2% | $1.8B | 1 |
| HS 090121Coffee: roasted, not decaffeinated | +18.7% | $1.5B | 1 |
Diversification opportunities
Which products reach the widest buyer base?
Destination count is a simple breadth indicator. It does not measure destination concentration or guarantee resilience.
HS 210690
Food preparations: n.e.s. in item no. 2106.10
5 markets$9.6B calculated opportunityHS 030214
Fish: fresh or chilled, Atlantic salmon (Salmo salar) and Danube salmon (Hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99
4 markets$5.3B calculated opportunityHS 230910
Dog or cat food: put up for retail sale, used in animal feeding
4 markets$4.6B calculated opportunityHS 090111
Coffee: not roasted or decaffeinated
3 markets$5.0B calculated opportunityHS 220421
Wine: still, in containers holding 2 litres or less
3 markets$4.0B calculated opportunityHS 220300
Beer: made from malt
2 markets$8.5B calculated opportunityHS 190590
Food preparations: bakers' wares n.e.c. in heading no. 1605, whether or not containing cocoa: communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice papers and similar products
2 markets$7.2B calculated opportunityHS 030617
Crustaceans: frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water
2 markets$6.2B calculated opportunityFrequently asked questions
Using the Agriculture and food export playbook
Practical guidance for interpreting sector scale, growth, product breadth, and buyer markets.
How strong is Iceland in this sector?
Compare sector exports, product breadth, buyer markets, growth, and global demand. These signals identify research priorities rather than guarantee market access.
What are growth stars?
Products with higher average reported growth in the screened rows. Validate the time period, base effects, buyer demand, and current exporter position.
What does diversification mean here?
Products reaching more buyer markets in the screened data. Destination breadth is useful context but does not replace concentration, route, or buyer analysis.
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). 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.