Merchandise exports by the reporting economy (current US$) in Iceland
Iceland: Merchandise exports by the reporting economy (current US$) was 6.62 billion current US$ in 2023. ◆ Volatile
Latest (2023)
6.62 billion current US$
Change on year
down 10.5%
World rank
109th
of 206 countries
All-time high
7.40 billion current US$
in 2022
All-time low
46.80 million current US$
in 1960
Years of data
64
1960–2023
Merchandise exports by the reporting economy in Iceland, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
The most recent figure for merchandise exports by the reporting economy in Iceland is 6.62 billion current US$, measured in 2023.
Compared with earlier readings it is down 10.5% on the previous year and up 32.7% over ten years.
Over the whole period, merchandise exports by the reporting economy in Iceland peaked at 7.40 billion current US$ in 2022 and was at its lowest, 46.80 million current US$, in 1960.
Iceland ranks 109th of 206 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports by the reporting economy (current US$) in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 46.80 million current US$ | — |
| 1961 | 62.30 million current US$ | +33.1% |
| 1962 | 69.90 million current US$ | +12.2% |
| 1963 | 80.30 million current US$ | +14.9% |
| 1964 | 97.70 million current US$ | +21.7% |
| 1965 | 116.50 million current US$ | +19.2% |
| 1966 | 125.80 million current US$ | +8.0% |
| 1967 | 81.20 million current US$ | -35.5% |
| 1968 | 71.90 million current US$ | -11.5% |
| 1969 | 96.96 million current US$ | +34.9% |
| 1970 | 133.64 million current US$ | +37.8% |
| 1971 | 136.08 million current US$ | +1.8% |
| 1972 | 172.22 million current US$ | +26.6% |
| 1973 | 264.83 million current US$ | +53.8% |
| 1974 | 297.03 million current US$ | +12.2% |
| 1975 | 265.42 million current US$ | -10.6% |
| 1976 | 369.80 million current US$ | +39.3% |
| 1977 | 461.62 million current US$ | +24.8% |
| 1978 | 596.38 million current US$ | +29.2% |
| 1979 | 732.23 million current US$ | +22.8% |
| 1980 | 848.60 million current US$ | +15.9% |
| 1981 | 810.11 million current US$ | -4.5% |
| 1982 | 616.16 million current US$ | -23.9% |
| 1983 | 661.08 million current US$ | +7.3% |
| 1984 | 659.04 million current US$ | -0.3% |
| 1985 | 745.12 million current US$ | +13.1% |
| 1986 | 1.04 billion current US$ | +39.2% |
| 1987 | 1.31 billion current US$ | +26.0% |
| 1988 | 1.36 billion current US$ | +4.0% |
| 1989 | 1.35 billion current US$ | -0.4% |
| 1990 | 1.53 billion current US$ | +13.0% |
| 1991 | 1.52 billion current US$ | -0.7% |
| 1992 | 1.49 billion current US$ | -1.5% |
| 1993 | 1.37 billion current US$ | -8.1% |
| 1994 | 1.60 billion current US$ | +16.5% |
| 1995 | 1.79 billion current US$ | +11.7% |
| 1996 | 1.81 billion current US$ | +1.3% |
| 1997 | 1.85 billion current US$ | +2.0% |
| 1998 | 1.98 billion current US$ | +7.1% |
| 1999 | 2.00 billion current US$ | +1.2% |
| 2000 | 1.90 billion current US$ | -5.3% |
| 2001 | 2.02 billion current US$ | +6.3% |
| 2002 | 2.23 billion current US$ | +10.7% |
| 2003 | 2.40 billion current US$ | +7.5% |
| 2004 | 2.88 billion current US$ | +20.0% |
| 2005 | 2.98 billion current US$ | +3.6% |
| 2006 | 3.45 billion current US$ | +15.8% |
| 2007 | 4.78 billion current US$ | +38.5% |
| 2008 | 5.38 billion current US$ | +12.5% |
| 2009 | 4.06 billion current US$ | -24.6% |
| 2010 | 4.60 billion current US$ | +13.4% |
| 2011 | 5.33 billion current US$ | +16.0% |
| 2012 | 5.06 billion current US$ | -5.1% |
| 2013 | 4.99 billion current US$ | -1.4% |
| 2014 | 5.05 billion current US$ | +1.2% |
| 2015 | 4.74 billion current US$ | -6.1% |
| 2016 | 4.45 billion current US$ | -6.0% |
| 2017 | 4.85 billion current US$ | +8.9% |
| 2018 | 5.31 billion current US$ | +9.4% |
| 2019 | 5.27 billion current US$ | -0.6% |
| 2020 | 4.52 billion current US$ | -14.2% |
| 2021 | 6.05 billion current US$ | +33.8% |
| 2022 | 7.40 billion current US$ | +22.2% |
| 2023 | 6.62 billion current US$ | -10.5% |
Iceland compared with similar countries
- Iceland's 6.62 billion current US$ is below the median for high income countries, which is 42.11 billion current US$, 16% of the median. (74 countries reporting)
- Iceland's 6.62 billion current US$ is below the median for Europe & Central Asia, which is 42.77 billion current US$, 15% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 84.94 million current US$ | 46.80 million current US$ | 125.80 million current US$ | 10 |
| 1970s | 342.93 million current US$ | 133.64 million current US$ | 732.23 million current US$ | 10 |
| 1980s | 939.42 million current US$ | 616.16 million current US$ | 1.36 billion current US$ | 10 |
| 1990s | 1.69 billion current US$ | 1.37 billion current US$ | 2.00 billion current US$ | 10 |
| 2000s | 3.21 billion current US$ | 1.90 billion current US$ | 5.38 billion current US$ | 10 |
| 2010s | 4.97 billion current US$ | 4.45 billion current US$ | 5.33 billion current US$ | 10 |
| 2020s | 6.15 billion current US$ | 4.52 billion current US$ | 7.40 billion current US$ | 4 |
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)
- 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$), annual growth rate 3.33 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports by the reporting economy in Iceland?
- Merchandise exports by the reporting economy in Iceland was 6.62 billion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports by the reporting economy recorded in Iceland?
- The highest recorded value was 7.40 billion current US$ in 2022.
- What is the lowest merchandise exports by the reporting economy recorded in Iceland?
- The lowest recorded value was 46.80 million current US$ in 1960.
- How does Iceland rank for merchandise exports by the reporting economy?
- Iceland ranks 109th out of 206 countries with data for 2023.
- Is merchandise exports by the reporting economy rising or falling in Iceland?
- Over the last ten years it is up 32.7%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.