Merchandise imports by the reporting economy (current US$), gaps in Iceland
Iceland: Merchandise imports by the reporting economy (current US$), gaps was 9.48 billion current US$ in 2023. ◆ Volatile
Merchandise imports by the reporting economy (current US$), gaps in Iceland, 1960–2023
Source: Statizoid (derived). Measured in current US$.
Analysis
In 2023, merchandise imports by the reporting economy (current us$), gaps in Iceland stood at 9.48 billion current US$.
The figure is down 2.3% on the previous year and up 88.9% over ten years.
Over the whole period, merchandise imports by the reporting economy (current us$), gaps in Iceland peaked at 9.71 billion current US$ in 2022 and was at its lowest, 56.60 million current US$, in 1961.
That places Iceland 114th out of 206 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$), gaps in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 67.10 million current US$ | — |
| 1961 | 56.60 million current US$ | -15.6% |
| 1962 | 73.20 million current US$ | +29.3% |
| 1963 | 91.00 million current US$ | +24.3% |
| 1964 | 111.90 million current US$ | +23.0% |
| 1965 | 116.50 million current US$ | +4.1% |
| 1966 | 140.80 million current US$ | +20.9% |
| 1967 | 140.40 million current US$ | -0.3% |
| 1968 | 118.40 million current US$ | -15.7% |
| 1969 | 108.09 million current US$ | -8.7% |
| 1970 | 138.36 million current US$ | +28.0% |
| 1971 | 187.10 million current US$ | +35.2% |
| 1972 | 210.11 million current US$ | +12.3% |
| 1973 | 314.96 million current US$ | +49.9% |
| 1974 | 451.35 million current US$ | +43.3% |
| 1975 | 415.78 million current US$ | -7.9% |
| 1976 | 392.22 million current US$ | -5.7% |
| 1977 | 528.74 million current US$ | +34.8% |
| 1978 | 593.20 million current US$ | +12.2% |
| 1979 | 689.64 million current US$ | +16.3% |
| 1980 | 870.22 million current US$ | +26.2% |
| 1981 | 905.90 million current US$ | +4.1% |
| 1982 | 827.41 million current US$ | -8.7% |
| 1983 | 708.56 million current US$ | -14.4% |
| 1984 | 736.12 million current US$ | +3.9% |
| 1985 | 801.35 million current US$ | +8.9% |
| 1986 | 1.02 billion current US$ | +27.5% |
| 1987 | 1.47 billion current US$ | +43.7% |
| 1988 | 1.50 billion current US$ | +2.2% |
| 1989 | 1.30 billion current US$ | -13.4% |
| 1990 | 1.56 billion current US$ | +19.8% |
| 1991 | 1.61 billion current US$ | +3.6% |
| 1992 | 1.64 billion current US$ | +1.9% |
| 1993 | 1.32 billion current US$ | -19.5% |
| 1994 | 1.43 billion current US$ | +8.4% |
| 1995 | 1.72 billion current US$ | +19.9% |
| 1996 | 1.99 billion current US$ | +15.9% |
| 1997 | 2.03 billion current US$ | +2.1% |
| 1998 | 2.46 billion current US$ | +20.9% |
| 1999 | 2.52 billion current US$ | +2.3% |
| 2000 | 2.59 billion current US$ | +2.8% |
| 2001 | 2.27 billion current US$ | -12.0% |
| 2002 | 2.27 billion current US$ | +0.0% |
| 2003 | 2.83 billion current US$ | +24.4% |
| 2004 | 3.70 billion current US$ | +31.0% |
| 2005 | 4.85 billion current US$ | +30.8% |
| 2006 | 6.13 billion current US$ | +26.5% |
| 2007 | 6.63 billion current US$ | +8.1% |
| 2008 | 6.20 billion current US$ | -6.5% |
| 2009 | 3.60 billion current US$ | -41.9% |
| 2010 | 3.90 billion current US$ | +8.2% |
| 2011 | 4.80 billion current US$ | +23.1% |
| 2012 | 4.77 billion current US$ | -0.6% |
| 2013 | 5.02 billion current US$ | +5.2% |
| 2014 | 5.37 billion current US$ | +7.1% |
| 2015 | 5.31 billion current US$ | -1.2% |
| 2016 | 5.69 billion current US$ | +7.3% |
| 2017 | 6.92 billion current US$ | +21.5% |
| 2018 | 7.66 billion current US$ | +10.7% |
| 2019 | 6.55 billion current US$ | -14.4% |
| 2020 | 4.27 billion current US$ | -34.9% |
| 2021 | 7.84 billion current US$ | +83.8% |
| 2022 | 9.71 billion current US$ | +23.8% |
| 2023 | 9.48 billion current US$ | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 102.40 million current US$ | 56.60 million current US$ | 140.80 million current US$ | 10 |
| 1970s | 392.15 million current US$ | 138.36 million current US$ | 689.64 million current US$ | 10 |
| 1980s | 1.01 billion current US$ | 708.56 million current US$ | 1.50 billion current US$ | 10 |
| 1990s | 1.83 billion current US$ | 1.32 billion current US$ | 2.52 billion current US$ | 10 |
| 2000s | 4.11 billion current US$ | 2.27 billion current US$ | 6.63 billion current US$ | 10 |
| 2010s | 5.60 billion current US$ | 3.90 billion current US$ | 7.66 billion current US$ | 10 |
| 2020s | 7.83 billion current US$ | 4.27 billion current US$ | 9.71 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$), annual growth rate 3.33 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy (current us$), gaps in Iceland?
- Merchandise imports by the reporting economy (current us$), gaps in Iceland was 9.48 billion current US$ in 2023, according to Statizoid (derived).
- What is the highest merchandise imports by the reporting economy (current us$), gaps recorded in Iceland?
- The highest recorded value was 9.71 billion current US$ in 2022.
- What is the lowest merchandise imports by the reporting economy (current us$), gaps recorded in Iceland?
- The lowest recorded value was 56.60 million current US$ in 1961.
- How does Iceland rank for merchandise imports by the reporting economy (current us$), gaps?
- Iceland ranks 114th out of 206 countries with data for 2023.
- Is merchandise imports by the reporting economy (current us$), gaps rising or falling in Iceland?
- Over the last ten years it is up 88.9%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Merchandise imports by the reporting economy (current US$), gaps filled. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Merchandise imports by the reporting economy (current US$) with 55 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.
Computed from
- Merchandise imports by the reporting economy Staff estimates, World Bank (WB)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Merchandise imports by the reporting economy (current US$) with 55 missing years estimated by linear interpolation between the nearest real observations. Only gaps of 4 years or fewer are filled, and never beyond the first or last actual measurement — these are filled holes, not forecasts.