Goods imports (BoP, current US$) in Iceland
Iceland: Goods imports (BoP, current US$) was 10.44 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
10.44 billion BoP, current US$
Change on year
up 12.2%
World rank
110th
of 200 countries
All-time high
10.44 billion BoP, current US$
in 2025
All-time low
427.90 million BoP, current US$
in 1976
Years of data
50
1976–2025
Goods imports in Iceland, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Iceland recorded 10.44 billion BoP, current US$ for goods imports in 2025. That is the highest value across all 50 years on record.
The figure is up 12.2% on the previous year and up 111.9% over ten years.
Over the whole period, goods imports in Iceland peaked at 10.44 billion BoP, current US$ in 2025 and was at its lowest, 427.90 million BoP, current US$, in 1976.
That places Iceland 110th out of 200 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Goods imports (BoP, current US$) in Iceland, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 427.90 million BoP, current US$ | — |
| 1977 | 564.70 million BoP, current US$ | +32.0% |
| 1978 | 618.40 million BoP, current US$ | +9.5% |
| 1979 | 754.10 million BoP, current US$ | +21.9% |
| 1980 | 899.90 million BoP, current US$ | +19.3% |
| 1981 | 925.50 million BoP, current US$ | +2.8% |
| 1982 | 837.60 million BoP, current US$ | -9.5% |
| 1983 | 721.60 million BoP, current US$ | -13.8% |
| 1984 | 756.60 million BoP, current US$ | +4.9% |
| 1985 | 814.30 million BoP, current US$ | +7.6% |
| 1986 | 1.00 billion BoP, current US$ | +22.8% |
| 1987 | 1.43 billion BoP, current US$ | +42.8% |
| 1988 | 1.44 billion BoP, current US$ | +0.8% |
| 1989 | 1.27 billion BoP, current US$ | -12.0% |
| 1990 | 1.51 billion BoP, current US$ | +19.1% |
| 1991 | 1.60 billion BoP, current US$ | +6.0% |
| 1992 | 1.53 billion BoP, current US$ | -4.5% |
| 1993 | 1.22 billion BoP, current US$ | -20.2% |
| 1994 | 1.29 billion BoP, current US$ | +5.8% |
| 1995 | 1.63 billion BoP, current US$ | +26.2% |
| 1996 | 1.91 billion BoP, current US$ | +17.3% |
| 1997 | 1.88 billion BoP, current US$ | -1.3% |
| 1998 | 2.31 billion BoP, current US$ | +22.7% |
| 1999 | 2.33 billion BoP, current US$ | +0.8% |
| 2000 | 2.41 billion BoP, current US$ | +3.7% |
| 2001 | 2.10 billion BoP, current US$ | -13.1% |
| 2002 | 2.10 billion BoP, current US$ | +0.1% |
| 2003 | 2.62 billion BoP, current US$ | +24.6% |
| 2004 | 3.50 billion BoP, current US$ | +33.7% |
| 2005 | 4.67 billion BoP, current US$ | +33.6% |
| 2006 | 5.79 billion BoP, current US$ | +23.9% |
| 2007 | 6.22 billion BoP, current US$ | +7.3% |
| 2008 | 5.64 billion BoP, current US$ | -9.2% |
| 2009 | 3.37 billion BoP, current US$ | -40.3% |
| 2010 | 3.60 billion BoP, current US$ | +6.8% |
| 2011 | 4.54 billion BoP, current US$ | +26.1% |
| 2012 | 4.51 billion BoP, current US$ | -0.6% |
| 2013 | 4.53 billion BoP, current US$ | +0.5% |
| 2014 | 4.96 billion BoP, current US$ | +9.4% |
| 2015 | 4.93 billion BoP, current US$ | -0.7% |
| 2016 | 5.32 billion BoP, current US$ | +7.9% |
| 2017 | 6.53 billion BoP, current US$ | +22.8% |
| 2018 | 7.18 billion BoP, current US$ | +10.0% |
| 2019 | 6.19 billion BoP, current US$ | -13.8% |
| 2020 | 5.32 billion BoP, current US$ | -14.1% |
| 2021 | 7.16 billion BoP, current US$ | +34.7% |
| 2022 | 9.00 billion BoP, current US$ | +25.6% |
| 2023 | 8.95 billion BoP, current US$ | -0.6% |
| 2024 | 9.30 billion BoP, current US$ | +4.0% |
| 2025 | 10.44 billion BoP, current US$ | +12.2% |
Iceland compared with similar countries
- Iceland's 10.44 billion BoP, current US$ is below the median for high income countries, which is 47.17 billion BoP, current US$, 22% of the median. (72 countries reporting)
- Iceland's 10.44 billion BoP, current US$ is below the median for Europe & Central Asia, which is 58.51 billion BoP, current US$, 18% of the median. (51 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 591.27 million BoP, current US$ | 427.90 million BoP, current US$ | 754.10 million BoP, current US$ | 4 |
| 1980s | 1.01 billion BoP, current US$ | 721.60 million BoP, current US$ | 1.44 billion BoP, current US$ | 10 |
| 1990s | 1.72 billion BoP, current US$ | 1.22 billion BoP, current US$ | 2.33 billion BoP, current US$ | 10 |
| 2000s | 3.84 billion BoP, current US$ | 2.10 billion BoP, current US$ | 6.22 billion BoP, current US$ | 10 |
| 2010s | 5.23 billion BoP, current US$ | 3.60 billion BoP, current US$ | 7.18 billion BoP, current US$ | 10 |
| 2020s | 8.36 billion BoP, current US$ | 5.32 billion BoP, current US$ | 10.44 billion BoP, current US$ | 6 |
Countries ranked near Iceland
- 107 Kyrgyzstan 11.67 billion BoP, current US$ compare
- 108 Mongolia 11.33 billion BoP, current US$ compare
- 109 Senegal 10.84 billion BoP, current US$ compare
- 111 Laos 10.18 billion BoP, current US$ compare
- 112 Nicaragua 10.13 billion BoP, current US$ compare
- 113 Moldova 10.11 billion BoP, current US$ compare
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is goods imports in Iceland?
- Goods imports in Iceland was 10.44 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods imports recorded in Iceland?
- The highest recorded value was 10.44 billion BoP, current US$ in 2025.
- What is the lowest goods imports recorded in Iceland?
- The lowest recorded value was 427.90 million BoP, current US$ in 1976.
- How does Iceland rank for goods imports?
- Iceland ranks 110th out of 200 countries with data for 2025.
- Is goods imports rising or falling in Iceland?
- Over the last ten years it is up 111.9%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods imports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Imports of goods occur when there are changes in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.