Merchandise exports by the reporting economy, residual in Iceland
Iceland: Merchandise exports by the reporting economy, residual was 0.0% in 2023. ◆ Volatile
Merchandise exports by the reporting economy, residual in Iceland, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
In 2023, merchandise exports by the reporting economy, residual in Iceland stood at 0.0%.
The figure is down 80.5% on the previous year and down 85.9% over ten years.
Over the whole period, merchandise exports by the reporting economy, residual in Iceland peaked at 0.1% in 1962 and was at its lowest, -0.0%, in 1999.
That places Iceland 110th out of 206 countries with data for 2023, putting it 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, residual in Iceland, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 0.0% | — |
| 1961 | 0.0% | — |
| 1962 | 0.1% | — |
| 1963 | 0.0% | -100.0% |
| 1964 | 0.0% | — |
| 1965 | 0.0% | — |
| 1966 | 0.0% | — |
| 1967 | 0.0% | — |
| 1968 | 0.0% | — |
| 1969 | 0.0% | — |
| 1970 | 0.0% | +96.9% |
| 1971 | 0.0% | -1.8% |
| 1972 | 0.0% | -41.8% |
| 1973 | 0.0% | -16.4% |
| 1974 | 0.0% | +48.6% |
| 1975 | 0.0% | +194.7% |
| 1976 | 0.0% | -20.0% |
| 1977 | 0.0% | -43.6% |
| 1978 | 0.0% | +7.4% |
| 1979 | 0.0% | -48.9% |
| 1980 | 0.0% | +83.8% |
| 1981 | 0.0% | -33.5% |
| 1982 | 0.0% | +33.3% |
| 1983 | 0.0% | -62.2% |
| 1984 | 0.0% | +97.3% |
| 1985 | 0.0% | -13.1% |
| 1986 | 0.0% | -64.1% |
| 1987 | 0.0% | +69.7% |
| 1988 | 0.0% | -100.0% |
| 1989 | -0.0% | — |
| 1990 | 0.0% | -173.2% |
| 1991 | -0.0% | -182.8% |
| 1992 | 0.0% | -3606002082118.7% |
| 1993 | 0.0% | -39.5% |
| 1994 | 0.0% | -64.5% |
| 1995 | 0.0% | +93.4% |
| 1996 | 0.0% | +245.4% |
| 1997 | 0.0% | -80.5% |
| 1998 | 0.0% | -0.9% |
| 1999 | -0.0% | -100.0% |
| 2000 | 0.0% | -790969117571.1% |
| 2001 | 0.0% | -70.7% |
| 2002 | 0.0% | -100.0% |
| 2003 | 0.0% | — |
| 2004 | 0.0% | -82.2% |
| 2005 | 0.0% | +1188.1% |
| 2006 | 0.0% | -67.3% |
| 2007 | 0.0% | +516.6% |
| 2008 | 0.0% | -89.8% |
| 2009 | 0.0% | -96.1% |
| 2010 | 0.0% | +14260.8% |
| 2011 | 0.0% | -100.0% |
| 2012 | 0.0% | — |
| 2013 | 0.0% | — |
| 2014 | 0.0% | -100.0% |
| 2015 | 0.0% | — |
| 2016 | 0.0% | +536.7% |
| 2017 | 0.0% | -76.4% |
| 2018 | 0.0% | -100.0% |
| 2019 | 0.0% | — |
| 2020 | 0.0% | +1724.8% |
| 2021 | 0.0% | +48.5% |
| 2022 | 0.0% | -87.5% |
| 2023 | 0.0% | -80.5% |
Iceland compared with similar countries
- Iceland's 0.0% is below the median for high income countries, which is 0.0%, 12% of the median. (74 countries reporting)
- Iceland's 0.0% is below the median for Europe & Central Asia, which is 0.0%, 13% of the median. (53 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports by the reporting economy, residual in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +3606002082118.7% | -0.0% | 0.0% |
| 2000 | +790969117571.1% | -0.0% | 0.0% |
| 2010 | +14260.8% | 0.0% | 0.0% |
| 2020 | +1724.8% | 0.0% | 0.0% |
| 2005 | +1188.1% | 0.0% | 0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0% | 0.0% | 0.1% | 10 |
| 1970s | 0.0% | 0.0% | 0.0% | 10 |
| 1980s | 0.0% | -0.0% | 0.0% | 10 |
| 1990s | 0.0% | -0.0% | 0.0% | 10 |
| 2000s | 0.0% | 0.0% | 0.0% | 10 |
| 2010s | 0.0% | 0.0% | 0.0% | 10 |
| 2020s | 0.0% | 0.0% | 0.0% | 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, residual in Iceland?
- Merchandise exports by the reporting economy, residual in Iceland was 0.0% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports by the reporting economy, residual recorded in Iceland?
- The highest recorded value was 0.1% in 1962.
- What is the lowest merchandise exports by the reporting economy, residual recorded in Iceland?
- The lowest recorded value was -0.0% in 1999.
- How does Iceland rank for merchandise exports by the reporting economy, residual?
- Iceland ranks 110th out of 206 countries with data for 2023.
- Is merchandise exports by the reporting economy, residual rising or falling in Iceland?
- Over the last ten years it is down 85.9%. 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, residual (% of total merchandise exports). Statizoid updates them automatically from the source API.
Download this data
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About this data
Merchandise exports by the reporting economy residuals 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, less the sum of exports by the reporting economy to high-, low-, and middle-income economies according to the World Bank classification of economies. Includes trade with unspecified partners or with economies not covered by World Bank classification. Data are as a percentage of total merchandise exports by the economy.