Tariff rate, applied, simple mean, primary products in Iceland
Iceland: Tariff rate, applied, simple mean, primary products was 9.0% in 2022. ◆ Volatile
Tariff rate, applied, simple mean, primary products in Iceland, 1993–2022
Source: Staff estimates. Measured in %.
Analysis
In 2022, tariff rate, applied, simple mean, primary products in Iceland stood at 9.0%.
That represents a change of down 12.5% on the previous year and up 4.6% over ten years.
Over the whole period, tariff rate, applied, simple mean, primary products in Iceland peaked at 30.9% in 2000 and was at its lowest, 3.3%, in 1993.
That places Iceland 84th out of 184 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.7% | 3.3% | 29.3% | 4 |
| 2000s | 19.1% | 10.1% | 30.9% | 9 |
| 2010s | 9.0% | 8.6% | 9.8% | 9 |
| 2020s | 9.7% | 9.0% | 10.3% | 2 |
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)
- Commercial service exports 8.13 billion current US$ (2025)
- Transport services 16.3% (2025)
- Computer, communications and other services 41.2% (2025)
Frequently asked questions
- What is tariff rate, applied, simple mean, primary products in Iceland?
- Tariff rate, applied, simple mean, primary products in Iceland was 9.0% in 2022, according to Staff estimates.
- What is the highest tariff rate, applied, simple mean, primary products recorded in Iceland?
- The highest recorded value was 30.9% in 2000.
- What is the lowest tariff rate, applied, simple mean, primary products recorded in Iceland?
- The lowest recorded value was 3.3% in 1993.
- How does Iceland rank for tariff rate, applied, simple mean, primary products?
- Iceland ranks 84th out of 184 countries with data for 2022.
- Is tariff rate, applied, simple mean, primary products rising or falling in Iceland?
- Over the last ten years it is up 4.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Staff estimates, published as part of Tariff rate, applied, simple mean, primary products (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Simple mean applied tariff is the unweighted average of effectively applied rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).