Commercial service imports in Iceland
Iceland: Commercial service imports was 5.95 billion current US$ in 2025. ◆ Volatile
Commercial service imports in Iceland, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current US$.
Analysis
The most recent figure for commercial service imports in Iceland is 5.95 billion current US$, measured in 2025. That is the highest value across all 50 years on record.
The figure is up 14.8% on the previous year and up 114.7% over ten years.
Over the whole period, commercial service imports in Iceland peaked at 5.95 billion current US$ in 2025 and was at its lowest, 114.90 million current US$, in 1976.
That places Iceland 85th out of 198 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 173.72 million current US$ | 114.90 million current US$ | 244.20 million current US$ | 4 |
| 1980s | 356.88 million current US$ | 253.80 million current US$ | 512.20 million current US$ | 10 |
| 1990s | 690.79 million current US$ | 547.46 million current US$ | 989.04 million current US$ | 10 |
| 2000s | 1.85 billion current US$ | 1.03 billion current US$ | 2.88 billion current US$ | 10 |
| 2010s | 3.05 billion current US$ | 2.16 billion current US$ | 4.13 billion current US$ | 10 |
| 2020s | 4.27 billion current US$ | 2.29 billion current US$ | 5.95 billion current US$ | 6 |
Countries ranked near Iceland
More private sector data for Iceland
- Merchandise trade 46.9% (2025)
- Food imports 11.1% (2025)
- Manufactures imports 71.1% (2025)
- Merchandise imports 10.94 billion current US$ (2025)
- Food exports 46.9% (2025)
- Manufactures exports 14.0% (2025)
- Merchandise exports 7.17 billion current US$ (2025)
- Commercial service exports 8.13 billion current US$ (2025)
- Transport services 16.3% (2025)
- Computer, communications and other services 41.2% (2025)
Frequently asked questions
- What is commercial service imports in Iceland?
- Commercial service imports in Iceland was 5.95 billion current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest commercial service imports recorded in Iceland?
- The highest recorded value was 5.95 billion current US$ in 2025.
- What is the lowest commercial service imports recorded in Iceland?
- The lowest recorded value was 114.90 million current US$ in 1976.
- How does Iceland rank for commercial service imports?
- Iceland ranks 85th out of 198 countries with data for 2025.
- Is commercial service imports rising or falling in Iceland?
- Over the last ten years it is up 114.7%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Commercial service imports (current US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Commercial service imports are total service imports minus imports of government services not included elsewhere. Imports of services are services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.