High-technology exports in Iceland
Iceland: High-technology exports was 689.25 million current US$ in 2024. ◆ Volatile
High-technology exports in Iceland, 2007–2024
Source: Comtrade database, United Nations (UN). Measured in current US$.
Analysis
The most recent figure for high-technology exports in Iceland is 689.25 million current US$, measured in 2024.
That represents a change of up 51.9% on the previous year and up 475.8% over ten years.
Over the whole period, high-technology exports in Iceland peaked at 775.00 million current US$ in 2007 and was at its lowest, 94.98 million current US$, in 2013.
Iceland ranks 63rd of 176 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
High-technology exports in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 2007 | 775.00 million current US$ | — |
| 2008 | 417.16 million current US$ | -46.2% |
| 2009 | 246.42 million current US$ | -40.9% |
| 2010 | 142.43 million current US$ | -42.2% |
| 2011 | 157.71 million current US$ | +10.7% |
| 2012 | 111.30 million current US$ | -29.4% |
| 2013 | 94.98 million current US$ | -14.7% |
| 2014 | 119.69 million current US$ | +26.0% |
| 2015 | 111.54 million current US$ | -6.8% |
| 2016 | 136.82 million current US$ | +22.7% |
| 2017 | 167.56 million current US$ | +22.5% |
| 2018 | 143.44 million current US$ | -14.4% |
| 2019 | 305.00 million current US$ | +112.6% |
| 2020 | 144.58 million current US$ | -52.6% |
| 2021 | 239.16 million current US$ | +65.4% |
| 2022 | 322.47 million current US$ | +34.8% |
| 2023 | 453.68 million current US$ | +40.7% |
| 2024 | 689.25 million current US$ | +51.9% |
Iceland compared with similar countries
- Iceland's 689.25 million current US$ is below the median for high income countries, which is 2.96 billion current US$, 23% of the median. (68 countries reporting)
- Iceland's 689.25 million current US$ is below the median for Europe & Central Asia, which is 4.13 billion current US$, 17% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 479.53 million current US$ | 246.42 million current US$ | 775.00 million current US$ | 3 |
| 2010s | 149.05 million current US$ | 94.98 million current US$ | 305.00 million current US$ | 10 |
| 2020s | 369.83 million current US$ | 144.58 million current US$ | 689.25 million current US$ | 5 |
Countries ranked near Iceland
- 60 Egypt 887.73 million current US$ compare
- 61 New Zealand 839.95 million current US$ compare
- 62 Ukraine 810.23 million current US$ compare
- 64 Luxembourg 635.12 million current US$ compare
- 65 Dominican Republic 575.85 million current US$ compare
- 66 Pakistan 535.22 million current US$ compare
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)
- Merchandise exports (current US$), per capita 18,264 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1858 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 3.33 % change on previous year (2025)
Frequently asked questions
- What is high-technology exports in Iceland?
- High-technology exports in Iceland was 689.25 million current US$ in 2024, according to Comtrade database, United Nations (UN).
- What is the highest high-technology exports recorded in Iceland?
- The highest recorded value was 775.00 million current US$ in 2007.
- What is the lowest high-technology exports recorded in Iceland?
- The lowest recorded value was 94.98 million current US$ in 2013.
- How does Iceland rank for high-technology exports?
- Iceland ranks 63rd out of 176 countries with data for 2024.
- Is high-technology exports rising or falling in Iceland?
- Over the last ten years it is up 475.8%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Comtrade database, United Nations (UN), published as part of High-technology exports (current US$). Statizoid updates them automatically from the source API.
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About this data
High-technology exports are products with high R&D intensity, such as aerospace, computers, pharmaceuticals, scientific instruments, and electrical machinery.