Share of imports by region of origin in Iceland
Iceland: Share of imports by region of origin was 1.15 billion current US$ in 2024. ◆ Volatile
Latest (2024)
1.15 billion current US$
Change on year
up 16.6%
World rank
86th
of 210 countries
All-time high
1.15 billion current US$
in 2024
All-time low
12.50 million current US$
in 1961
Years of data
77
1948–2024
Share of imports by region of origin in Iceland, 1948–2024
Source: International Monetary Fund (2025) – with major processing by Our World in Data. Measured in current US$.
Analysis
The most recent figure for share of imports by region of origin in Iceland is 1.15 billion current US$, measured in 2024. That is the highest value across all 77 years on record.
That represents a change of up 16.6% on the previous year and up 64.1% over ten years.
Over the whole period, share of imports by region of origin in Iceland peaked at 1.15 billion current US$ in 2024 and was at its lowest, 12.50 million current US$, in 1961.
That places Iceland 86th out of 210 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Share of imports by region of origin in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1948 | 16.20 million current US$ | — |
| 1949 | 14.90 million current US$ | -8.0% |
| 1950 | 13.30 million current US$ | -10.7% |
| 1951 | 13.80 million current US$ | +3.8% |
| 1952 | 20.70 million current US$ | +50.0% |
| 1953 | 26.20 million current US$ | +26.6% |
| 1954 | 15.70 million current US$ | -40.1% |
| 1955 | 19.10 million current US$ | +21.7% |
| 1956 | 17.30 million current US$ | -9.4% |
| 1957 | 13.20 million current US$ | -23.7% |
| 1958 | 13.40 million current US$ | +1.5% |
| 1959 | 17.00 million current US$ | +26.9% |
| 1960 | 13.50 million current US$ | -20.6% |
| 1961 | 12.50 million current US$ | -7.4% |
| 1962 | 12.80 million current US$ | +2.4% |
| 1963 | 13.90 million current US$ | +8.6% |
| 1964 | 26.10 million current US$ | +87.8% |
| 1965 | 23.90 million current US$ | -8.4% |
| 1966 | 28.20 million current US$ | +18.0% |
| 1967 | 27.50 million current US$ | -2.5% |
| 1968 | 17.10 million current US$ | -37.8% |
| 1969 | 12.75 million current US$ | -25.4% |
| 1970 | 14.90 million current US$ | +16.8% |
| 1971 | 23.13 million current US$ | +55.3% |
| 1972 | 24.44 million current US$ | +5.7% |
| 1973 | 27.52 million current US$ | +12.6% |
| 1974 | 45.42 million current US$ | +65.0% |
| 1975 | 46.54 million current US$ | +2.5% |
| 1976 | 53.85 million current US$ | +15.7% |
| 1977 | 50.66 million current US$ | -5.9% |
| 1978 | 59.76 million current US$ | +18.0% |
| 1979 | 59.67 million current US$ | -0.1% |
| 1980 | 109.53 million current US$ | +83.6% |
| 1981 | 93.66 million current US$ | -14.5% |
| 1982 | 88.93 million current US$ | -5.0% |
| 1983 | 71.69 million current US$ | -19.4% |
| 1984 | 64.31 million current US$ | -10.3% |
| 1985 | 69.16 million current US$ | +7.5% |
| 1986 | 88.01 million current US$ | +27.2% |
| 1987 | 124.42 million current US$ | +41.4% |
| 1988 | 132.85 million current US$ | +6.8% |
| 1989 | 168.05 million current US$ | +26.5% |
| 1990 | 251.85 million current US$ | +49.9% |
| 1991 | 194.89 million current US$ | -22.6% |
| 1992 | 161.57 million current US$ | -17.1% |
| 1993 | 142.86 million current US$ | -11.6% |
| 1994 | 149.97 million current US$ | +5.0% |
| 1995 | 175.13 million current US$ | +16.8% |
| 1996 | 217.49 million current US$ | +24.2% |
| 1997 | 228.68 million current US$ | +5.1% |
| 1998 | 284.06 million current US$ | +24.2% |
| 1999 | 303.91 million current US$ | +7.0% |
| 2000 | 322.18 million current US$ | +6.0% |
| 2001 | 293.77 million current US$ | -8.8% |
| 2002 | 275.37 million current US$ | -6.3% |
| 2003 | 248.98 million current US$ | -9.6% |
| 2004 | 437.66 million current US$ | +75.8% |
| 2005 | 536.46 million current US$ | +22.6% |
| 2006 | 987.31 million current US$ | +84.0% |
| 2007 | 1.07 billion current US$ | +8.3% |
| 2008 | 634.55 million current US$ | -40.7% |
| 2009 | 383.50 million current US$ | -39.6% |
| 2010 | 439.14 million current US$ | +14.5% |
| 2011 | 624.18 million current US$ | +42.1% |
| 2012 | 594.51 million current US$ | -4.8% |
| 2013 | 623.56 million current US$ | +4.9% |
| 2014 | 699.02 million current US$ | +12.1% |
| 2015 | 768.88 million current US$ | +10.0% |
| 2016 | 805.90 million current US$ | +4.8% |
| 2017 | 633.68 million current US$ | -21.4% |
| 2018 | 917.80 million current US$ | +44.8% |
| 2019 | 797.30 million current US$ | -13.1% |
| 2020 | 489.53 million current US$ | -38.6% |
| 2021 | 806.10 million current US$ | +64.7% |
| 2022 | 865.07 million current US$ | +7.3% |
| 2023 | 983.87 million current US$ | +13.7% |
| 2024 | 1.15 billion current US$ | +16.6% |
Iceland compared with similar countries
- Iceland's 1.15 billion current US$ is below the median for high income countries, which is 2.57 billion current US$, 45% of the median. (74 countries reporting)
- Iceland's 1.15 billion current US$ is below the median for Europe & Central Asia, which is 1.85 billion current US$, 62% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1940s | 15.55 million current US$ | 14.90 million current US$ | 16.20 million current US$ | 2 |
| 1950s | 16.97 million current US$ | 13.20 million current US$ | 26.20 million current US$ | 10 |
| 1960s | 18.83 million current US$ | 12.50 million current US$ | 28.20 million current US$ | 10 |
| 1970s | 40.59 million current US$ | 14.90 million current US$ | 59.76 million current US$ | 10 |
| 1980s | 101.06 million current US$ | 64.31 million current US$ | 168.05 million current US$ | 10 |
| 1990s | 211.04 million current US$ | 142.86 million current US$ | 303.91 million current US$ | 10 |
| 2000s | 518.91 million current US$ | 248.98 million current US$ | 1.07 billion current US$ | 10 |
| 2010s | 690.40 million current US$ | 439.14 million current US$ | 917.80 million current US$ | 10 |
| 2020s | 858.30 million current US$ | 489.53 million current US$ | 1.15 billion current US$ | 5 |
Countries ranked near Iceland
More economy & growth data for Iceland
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
Frequently asked questions
- What is share of imports by region of origin in Iceland?
- Share of imports by region of origin in Iceland was 1.15 billion current US$ in 2024, according to International Monetary Fund (2025) – with major processing by Our World in Data.
- What is the highest share of imports by region of origin recorded in Iceland?
- The highest recorded value was 1.15 billion current US$ in 2024.
- What is the lowest share of imports by region of origin recorded in Iceland?
- The lowest recorded value was 12.50 million current US$ in 1961.
- How does Iceland rank for share of imports by region of origin?
- Iceland ranks 86th out of 210 countries with data for 2024.
- Is share of imports by region of origin rising or falling in Iceland?
- Over the last ten years it is up 64.1%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund (2025) – with major processing by Our World in Data, published as part of Share of imports by region of origin. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 77 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total value of goods a country imports from North America in US dollars, including freight and insurance costs. This data is not adjusted for inflation.