Merchandise exports in Iceland
Iceland: Merchandise exports was 7.17 billion current US$ in 2025. ◆ Volatile
Latest (2025)
7.17 billion current US$
Change on year
up 3.3%
World rank
117th
of 206 countries
All-time high
7.39 billion current US$
in 2022
All-time low
73.00 million current US$
in 1960
Years of data
66
1960–2025
Merchandise exports in Iceland, 1960–2025
Source: World Trade Organization (WTO). Measured in current US$.
Analysis
In 2025, merchandise exports in Iceland stood at 7.17 billion current US$.
Compared with earlier readings it is up 3.3% on the previous year and up 51.5% over ten years.
Over the whole period, merchandise exports in Iceland peaked at 7.39 billion current US$ in 2022 and was at its lowest, 73.00 million current US$, in 1960.
Iceland ranks 117th of 206 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 73.00 million current US$ | — |
| 1961 | 76.00 million current US$ | +4.1% |
| 1962 | 84.00 million current US$ | +10.5% |
| 1963 | 94.00 million current US$ | +11.9% |
| 1964 | 111.00 million current US$ | +18.1% |
| 1965 | 129.00 million current US$ | +16.2% |
| 1966 | 140.00 million current US$ | +8.5% |
| 1967 | 97.00 million current US$ | -30.7% |
| 1968 | 80.00 million current US$ | -17.5% |
| 1969 | 108.00 million current US$ | +35.0% |
| 1970 | 147.00 million current US$ | +36.1% |
| 1971 | 150.00 million current US$ | +2.0% |
| 1972 | 189.00 million current US$ | +26.0% |
| 1973 | 290.00 million current US$ | +53.4% |
| 1974 | 331.00 million current US$ | +14.1% |
| 1975 | 306.00 million current US$ | -7.6% |
| 1976 | 401.00 million current US$ | +31.0% |
| 1977 | 512.00 million current US$ | +27.7% |
| 1978 | 641.00 million current US$ | +25.2% |
| 1979 | 782.00 million current US$ | +22.0% |
| 1980 | 918.00 million current US$ | +17.4% |
| 1981 | 894.00 million current US$ | -2.6% |
| 1982 | 685.00 million current US$ | -23.4% |
| 1983 | 740.00 million current US$ | +8.0% |
| 1984 | 739.00 million current US$ | -0.1% |
| 1985 | 815.00 million current US$ | +10.3% |
| 1986 | 1.10 billion current US$ | +34.8% |
| 1987 | 1.38 billion current US$ | +25.1% |
| 1988 | 1.42 billion current US$ | +3.6% |
| 1989 | 1.39 billion current US$ | -2.7% |
| 1990 | 1.59 billion current US$ | +14.9% |
| 1991 | 1.55 billion current US$ | -2.7% |
| 1992 | 1.53 billion current US$ | -1.4% |
| 1993 | 1.40 billion current US$ | -8.4% |
| 1994 | 1.62 billion current US$ | +16.0% |
| 1995 | 1.80 billion current US$ | +11.0% |
| 1996 | 1.90 billion current US$ | +5.3% |
| 1997 | 1.85 billion current US$ | -2.4% |
| 1998 | 1.93 billion current US$ | +4.3% |
| 1999 | 2.00 billion current US$ | +3.8% |
| 2000 | 1.90 billion current US$ | -5.1% |
| 2001 | 2.02 billion current US$ | +6.2% |
| 2002 | 2.23 billion current US$ | +10.4% |
| 2003 | 2.38 billion current US$ | +6.8% |
| 2004 | 2.84 billion current US$ | +19.2% |
| 2005 | 3.09 billion current US$ | +8.9% |
| 2006 | 3.45 billion current US$ | +11.7% |
| 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$ | +13.5% |
| 2011 | 5.35 billion current US$ | +16.1% |
| 2012 | 5.06 billion current US$ | -5.3% |
| 2013 | 5.00 billion current US$ | -1.3% |
| 2014 | 5.05 billion current US$ | +1.1% |
| 2015 | 4.73 billion current US$ | -6.4% |
| 2016 | 4.44 billion current US$ | -6.3% |
| 2017 | 4.88 billion current US$ | +10.0% |
| 2018 | 5.56 billion current US$ | +13.9% |
| 2019 | 5.22 billion current US$ | -6.0% |
| 2020 | 4.58 billion current US$ | -12.3% |
| 2021 | 5.99 billion current US$ | +30.7% |
| 2022 | 7.39 billion current US$ | +23.4% |
| 2023 | 6.79 billion current US$ | -8.1% |
| 2024 | 6.94 billion current US$ | +2.2% |
| 2025 | 7.17 billion current US$ | +3.3% |
Iceland compared with similar countries
- Iceland's 7.17 billion current US$ is below the median for high income countries, which is 46.70 billion current US$, 15% of the median. (77 countries reporting)
- Iceland's 7.17 billion current US$ is below the median for Europe & Central Asia, which is 48.32 billion current US$, 15% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 99.20 million current US$ | 73.00 million current US$ | 140.00 million current US$ | 10 |
| 1970s | 374.90 million current US$ | 147.00 million current US$ | 782.00 million current US$ | 10 |
| 1980s | 1.01 billion current US$ | 685.00 million current US$ | 1.42 billion current US$ | 10 |
| 1990s | 1.72 billion current US$ | 1.40 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 | 4.99 billion current US$ | 4.44 billion current US$ | 5.56 billion current US$ | 10 |
| 2020s | 6.47 billion current US$ | 4.58 billion current US$ | 7.39 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 (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$), annual growth rate 3.33 % change on previous year (2025)
- Merchandise imports (current US$), per capita 27,890 current US$ per person (2025)
Frequently asked questions
- What is merchandise exports in Iceland?
- Merchandise exports in Iceland was 7.17 billion current US$ in 2025, according to World Trade Organization (WTO).
- What is the highest merchandise exports recorded in Iceland?
- The highest recorded value was 7.39 billion current US$ in 2022.
- What is the lowest merchandise exports recorded in Iceland?
- The lowest recorded value was 73.00 million current US$ in 1960.
- How does Iceland rank for merchandise exports?
- Iceland ranks 117th out of 206 countries with data for 2025.
- Is merchandise exports rising or falling in Iceland?
- Over the last ten years it is up 51.5%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from World Trade Organization (WTO), published as part of Merchandise exports (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise exports includes goods whose economic ownership is changed from a resident to a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. 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.