Merchandise imports from low- and middle-income economies in East in Iceland
Iceland: Merchandise imports from low- and middle-income economies in East was 10.7% in 2023. ◆ Volatile
Merchandise imports from low- and middle-income economies in East in Iceland, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
Iceland recorded 10.7% for merchandise imports from low- and middle-income economies in east in 2023.
The figure is down 16.2% on the previous year and up 22.6% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies in east in Iceland peaked at 12.8% in 2022 and was at its lowest, 0.1%, in 1967.
That places Iceland 149th 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 from low- and middle-income economies in East in Iceland, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 0.3% | — |
| 1962 | 0.1% | -54.2% |
| 1963 | 0.1% | -19.6% |
| 1964 | 0.2% | +62.6% |
| 1965 | 0.2% | -3.9% |
| 1966 | 0.2% | +24.1% |
| 1967 | 0.1% | -66.6% |
| 1968 | 0.2% | +137.2% |
| 1969 | 0.2% | +30.3% |
| 1970 | 0.2% | -9.1% |
| 1971 | 0.2% | -7.6% |
| 1972 | 0.2% | -10.9% |
| 1973 | 0.2% | -7.6% |
| 1974 | 0.2% | +28.9% |
| 1975 | 0.2% | -2.6% |
| 1976 | 0.2% | +17.5% |
| 1977 | 0.3% | +17.5% |
| 1978 | 0.3% | +11.2% |
| 1979 | 0.3% | +0.4% |
| 1980 | 0.3% | +7.1% |
| 1981 | 0.3% | +1.9% |
| 1982 | 0.3% | +7.5% |
| 1983 | 0.4% | +19.8% |
| 1984 | 0.4% | -11.0% |
| 1985 | 0.3% | -10.3% |
| 1986 | 0.4% | +25.9% |
| 1987 | 0.4% | -13.0% |
| 1988 | 0.4% | +22.6% |
| 1989 | 0.9% | +108.3% |
| 1990 | 0.7% | -22.2% |
| 1991 | 0.9% | +26.5% |
| 1992 | 1.1% | +19.3% |
| 1993 | 1.7% | +59.7% |
| 1994 | 2.2% | +25.6% |
| 1995 | 2.1% | -1.5% |
| 1996 | 2.0% | -5.7% |
| 1997 | 2.1% | +5.6% |
| 1998 | 1.6% | -26.8% |
| 1999 | 2.6% | +63.4% |
| 2000 | 2.7% | +5.9% |
| 2001 | 3.7% | +35.1% |
| 2002 | 3.9% | +6.1% |
| 2003 | 4.6% | +18.7% |
| 2004 | 4.8% | +4.8% |
| 2005 | 6.2% | +27.7% |
| 2006 | 6.0% | -2.7% |
| 2007 | 5.9% | -1.1% |
| 2008 | 7.7% | +29.9% |
| 2009 | 5.8% | -24.5% |
| 2010 | 7.0% | +20.4% |
| 2011 | 7.2% | +2.7% |
| 2012 | 9.0% | +24.5% |
| 2013 | 8.7% | -2.6% |
| 2014 | 8.7% | -0.2% |
| 2015 | 8.8% | +0.5% |
| 2016 | 8.6% | -1.4% |
| 2017 | 8.1% | -6.2% |
| 2018 | 9.9% | +22.3% |
| 2019 | 8.7% | -11.6% |
| 2020 | 9.1% | +4.3% |
| 2021 | 11.1% | +22.1% |
| 2022 | 12.8% | +14.7% |
| 2023 | 10.7% | -16.2% |
Iceland compared with similar countries
- Iceland's 10.7% is above the median for high income countries, which is 10.5%, 1.0× the median. (74 countries reporting)
- Iceland's 10.7% is above the median for Europe & Central Asia, which is 10.2%, 1.0× the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.2% | 0.1% | 0.3% | 9 |
| 1970s | 0.2% | 0.2% | 0.3% | 10 |
| 1980s | 0.4% | 0.3% | 0.9% | 10 |
| 1990s | 1.7% | 0.7% | 2.6% | 10 |
| 2000s | 5.1% | 2.7% | 7.7% | 10 |
| 2010s | 8.5% | 7.0% | 9.9% | 10 |
| 2020s | 10.9% | 9.1% | 12.8% | 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 from low- and middle-income economies in east in Iceland?
- Merchandise imports from low- and middle-income economies in east in Iceland was 10.7% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies in east recorded in Iceland?
- The highest recorded value was 12.8% in 2022.
- What is the lowest merchandise imports from low- and middle-income economies in east recorded in Iceland?
- The lowest recorded value was 0.1% in 1967.
- How does Iceland rank for merchandise imports from low- and middle-income economies in east?
- Iceland ranks 149th out of 206 countries with data for 2023.
- Is merchandise imports from low- and middle-income economies in east rising or falling in Iceland?
- Over the last ten years it is up 22.6%. 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 from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports from low- and middle-income economies in East Asia and Pacific are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the East Asia and Pacific region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.