Iceland Trade Balance 1970-2025

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Trade Balance Trade to GDP Ratio Exports Imports Foreign Direct Investment Tariff Rates Tourism Statistics

Iceland trade balance for 2023 was -16.20 million US dollars, a 65.27% decline from 2022.

Iceland trade balance for 2022 was -46.66 million US dollars, a 89.88% decline from 2021.
Iceland trade balance for 2021 was -461.13 million US dollars, a 57.24% increase from 2020.
Iceland trade balance for 2020 was -293.26 million US dollars, a 126.03% decline from 2019.

External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Billions of US $

% of GDP

Country Rankings
Country Name	Billions of US $
China	$386.04B
Singapore	$187.33B
Germany	$185.46B
Ireland	$182.92B
Netherlands	$124.22B
Switzerland	$110.06B
Australia	$92.42B
Russia	$87.68B
Saudi Arabia	$78.70B
Norway	$71.41B
Spain	$65.18B
Brazil	$51.44B
Poland	$49.41B
Denmark	$38.67B
Italy	$31.15B
Indonesia	$29.86B
Luxembourg	$26.45B
Sweden	$26.09B
Macao	$20.41B
Malaysia	$19.96B
Israel	$19.02B
Czech Republic	$16.87B
Austria	$14.63B
Libya	$13.80B
Angola	$11.19B
Hungary	$10.86B
Azerbaijan	$10.47B
Cambodia	$10.41B
Algeria	$9.93B
Thailand	$8.96B
Peru	$8.74B
Gabon	$8.05B
Puerto Rico	$7.22B
Iran	$6.96B
Turkmenistan	$5.56B
Slovenia	$4.55B
Chile	$4.38B
Malta	$4.07B
Costa Rica	$3.71B
Bulgaria	$3.22B
Hong Kong	$3.21B
Lithuania	$2.99B
Republic of Congo	$2.69B
Uruguay	$2.52B
Brunei	$2.50B
Portugal	$2.39B
Guinea	$2.21B
Slovak Republic	$1.77B
Mongolia	$1.75B
South Africa	$1.22B
Equatorial Guinea	$1.03B
Paraguay	$904.89M
South Korea	$884.84M
Zambia	$469.23M
Belarus	$459.34M
Ecuador	$336.31M
Estonia	$245.31M
Sudan	$130.87M
Belize	$25.00M
Iceland	$-16,203,865
Armenia	$-164,654,505
Djibouti	$-184,056,002
Micronesia	$-184,880,700
Guinea-Bissau	$-203,412,716
Kiribati	$-237,440,291
Seychelles	$-239,215,327
Mauritius	$-277,352,986
Cyprus	$-295,889,160
Comoros	$-297,924,595
Samoa	$-310,979,389
Central African Republic	$-373,074,189
Cabo Verde	$-373,146,524
Bahamas	$-460,600,000
Burundi	$-503,767,159
Fiji	$-583,066,897
Chad	$-600,695,104
Gambia	$-694,840,235
Ghana	$-735,501,159
Botswana	$-784,856,953
Mauritania	$-835,452,087
Cameroon	$-958,910,202
Sierra Leone	$-1,021,409,414
Madagascar	$-1,047,089,278
Albania	$-1,215,863,518
Togo	$-1,248,842,363
Finland	$-1,256,434,145
Sri Lanka	$-1,260,019,216
Montenegro	$-1,378,462,437
Burkina Faso	$-1,443,955,521
Croatia	$-1,546,601,421
Latvia	$-1,680,036,268
Tanzania	$-1,712,256,215
Benin	$-1,763,426,093
Democratic Republic of Congo	$-1,838,342,542
Bolivia	$-1,966,503,946
North Macedonia	$-1,994,496,937
Mali	$-2,005,765,362
Rwanda	$-2,134,773,543
Niger	$-2,147,650,785
Georgia	$-2,302,898,109
Nicaragua	$-2,366,167,964
Namibia	$-2,814,303,376
Kosovo	$-3,208,154,989
Serbia	$-3,386,495,236
Tunisia	$-3,388,779,813
Bosnia	$-3,454,400,087
Moldova	$-3,978,526,496
Haiti	$-4,018,610,656
Uganda	$-5,149,887,966
Senegal	$-5,680,217,319
Belgium	$-5,895,833,445
El Salvador	$-6,350,880,000
Somalia	$-6,867,110,530
Argentina	$-7,257,691,282
West Bank and Gaza	$-8,223,900,000
Honduras	$-8,232,843,110
Canada	$-8,355,380,253
Egypt	$-8,861,689,041
Dominican Republic	$-8,911,362,526
Kenya	$-9,393,299,739
Nepal	$-11,342,747,485
Morocco	$-11,716,525,367
Greece	$-11,737,427,212
Ethiopia	$-12,112,674,624
Guatemala	$-16,070,797,012
Romania	$-16,786,961,940
Uzbekistan	$-17,268,212,743
Colombia	$-18,045,218,729
Bangladesh	$-20,421,363,480
Pakistan	$-24,795,687,293
Turkey	$-26,870,275,674
Mexico	$-30,692,391,404
Ukraine	$-37,406,823,910
United Kingdom	$-41,485,874,357
Philippines	$-61,590,587,933
France	$-67,233,283,255
India	$-73,506,095,475