Merchandise imports by the reporting economy, residual in Iceland
Iceland: Merchandise imports by the reporting economy, residual was 0.0% in 2023. ◆ Volatile
Merchandise imports by the reporting economy, residual in Iceland, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
The most recent figure for merchandise imports by the reporting economy, residual in Iceland is 0.0%, measured in 2023.
That represents a change of up 82.9% on the previous year and down 99.6% over ten years.
Over the whole period, merchandise imports by the reporting economy, residual in Iceland peaked at 1.1% in 2010 and was at its lowest, -0.0%, in 1960.
Iceland ranks 103rd 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 imports by the reporting economy, residual in Iceland, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | -0.0% | — |
| 1961 | 0.0% | -100.0% |
| 1962 | 0.7% | — |
| 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% | — |
| 1971 | 0.0% | — |
| 1972 | 0.0% | — |
| 1973 | 0.0% | — |
| 1974 | 0.0% | — |
| 1975 | 0.0% | — |
| 1976 | 0.0% | — |
| 1977 | 0.3% | +105087.5% |
| 1978 | 0.0% | -100.0% |
| 1979 | 0.0% | — |
| 1980 | 0.0% | — |
| 1981 | 0.0% | — |
| 1982 | 0.0% | — |
| 1983 | 0.0% | — |
| 1984 | 0.0% | — |
| 1985 | 0.0% | — |
| 1986 | 0.0% | — |
| 1987 | 0.0% | +744.8% |
| 1988 | 0.0% | +79.6% |
| 1989 | 0.0% | -86.9% |
| 1990 | 0.0% | -38.0% |
| 1991 | 0.0% | -74.8% |
| 1992 | 0.0% | -100.0% |
| 1993 | 0.0% | +26586635017097.5% |
| 1994 | 0.0% | -69.2% |
| 1995 | 0.0% | -97.6% |
| 1996 | 0.0% | -15.5% |
| 1997 | 0.0% | +7819.9% |
| 1998 | 0.3% | +4207.5% |
| 1999 | 0.0% | -99.8% |
| 2000 | 0.0% | -90.2% |
| 2001 | 0.5% | +1002893.7% |
| 2002 | 0.0% | -91.9% |
| 2003 | 0.0% | -48.9% |
| 2004 | 0.0% | +22.5% |
| 2005 | 0.5% | +2112.1% |
| 2006 | 0.2% | -69.3% |
| 2007 | 0.0% | -83.6% |
| 2008 | 0.0% | -70.1% |
| 2009 | 0.0% | +257.7% |
| 2010 | 1.1% | +3599.4% |
| 2011 | 0.9% | -21.7% |
| 2012 | 0.3% | -67.5% |
| 2013 | 0.1% | -60.1% |
| 2014 | 0.3% | +143.1% |
| 2015 | 0.9% | +223.2% |
| 2016 | 0.1% | -93.0% |
| 2017 | 0.0% | -99.5% |
| 2018 | 0.0% | +68.0% |
| 2019 | 0.0% | -36.5% |
| 2020 | 0.0% | +98.8% |
| 2021 | 0.0% | -67.9% |
| 2022 | 0.0% | +6.7% |
| 2023 | 0.0% | +82.9% |
Iceland compared with similar countries
- Iceland's 0.0% is below the median for high income countries, which is 0.0%, 36% of the median. (74 countries reporting)
- Iceland's 0.0% is below the median for Europe & Central Asia, which is 0.0%, 52% of the median. (53 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports 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 |
|---|---|---|---|
| 1993 | +26586635017097.5% | 0.0% | 0.0% |
| 2001 | +1002893.7% | 0.0% | 0.5% |
| 1977 | +105087.5% | 0.0% | 0.3% |
| 1997 | +7819.9% | 0.0% | 0.0% |
| 1998 | +4207.5% | 0.0% | 0.3% |
| 2010 | +3599.4% | 0.0% | 1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.1% | -0.0% | 0.7% | 10 |
| 1970s | 0.0% | 0.0% | 0.3% | 10 |
| 1980s | 0.0% | 0.0% | 0.0% | 10 |
| 1990s | 0.0% | 0.0% | 0.3% | 10 |
| 2000s | 0.1% | 0.0% | 0.5% | 10 |
| 2010s | 0.4% | 0.0% | 1.1% | 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 imports by the reporting economy, residual in Iceland?
- Merchandise imports by the reporting economy, residual in Iceland was 0.0% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports by the reporting economy, residual recorded in Iceland?
- The highest recorded value was 1.1% in 2010.
- What is the lowest merchandise imports by the reporting economy, residual recorded in Iceland?
- The lowest recorded value was -0.0% in 1960.
- How does Iceland rank for merchandise imports by the reporting economy, residual?
- Iceland ranks 103rd out of 206 countries with data for 2023.
- Is merchandise imports by the reporting economy, residual rising or falling in Iceland?
- Over the last ten years it is down 99.6%. 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 imports by the reporting economy, residual (% of total merchandise imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise imports by the reporting economy residuals are the total merchandise imports by the reporting economy from the rest of the world as reported in the IMF's Direction of trade database, less the sum of imports by the reporting economy from 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 imports by the economy.