Imports of goods and services in Iceland
Iceland: Imports of goods and services was 16.39 billion BoP, current US$ in 2025. ◆ Volatile
Imports of goods and services in Iceland, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Iceland recorded 16.39 billion BoP, current US$ for imports of goods and services in 2025. That is the highest value across all 50 years on record.
Compared with earlier readings it is up 12.9% on the previous year and up 112.5% over ten years.
Over the whole period, imports of goods and services in Iceland peaked at 16.39 billion BoP, current US$ in 2025 and was at its lowest, 545.10 million BoP, current US$, in 1976.
That places Iceland 104th out of 200 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services in Iceland, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1976 | 545.10 million BoP, current US$ | — |
| 1977 | 714.50 million BoP, current US$ | +31.1% |
| 1978 | 810.50 million BoP, current US$ | +13.4% |
| 1979 | 1.01 billion BoP, current US$ | +24.3% |
| 1980 | 1.16 billion BoP, current US$ | +15.4% |
| 1981 | 1.21 billion BoP, current US$ | +3.9% |
| 1982 | 1.15 billion BoP, current US$ | -5.1% |
| 1983 | 1.00 billion BoP, current US$ | -12.5% |
| 1984 | 1.07 billion BoP, current US$ | +6.5% |
| 1985 | 1.18 billion BoP, current US$ | +10.3% |
| 1986 | 1.37 billion BoP, current US$ | +16.7% |
| 1987 | 1.94 billion BoP, current US$ | +41.1% |
| 1988 | 1.98 billion BoP, current US$ | +1.9% |
| 1989 | 1.76 billion BoP, current US$ | -10.8% |
| 1990 | 2.07 billion BoP, current US$ | +17.2% |
| 1991 | 2.20 billion BoP, current US$ | +6.8% |
| 1992 | 2.12 billion BoP, current US$ | -4.0% |
| 1993 | 1.81 billion BoP, current US$ | -14.5% |
| 1994 | 1.87 billion BoP, current US$ | +3.1% |
| 1995 | 2.25 billion BoP, current US$ | +20.6% |
| 1996 | 2.62 billion BoP, current US$ | +16.5% |
| 1997 | 2.65 billion BoP, current US$ | +1.2% |
| 1998 | 3.24 billion BoP, current US$ | +22.3% |
| 1999 | 3.32 billion BoP, current US$ | +2.3% |
| 2000 | 3.52 billion BoP, current US$ | +6.0% |
| 2001 | 3.13 billion BoP, current US$ | -11.1% |
| 2002 | 3.18 billion BoP, current US$ | +1.6% |
| 2003 | 4.07 billion BoP, current US$ | +28.1% |
| 2004 | 5.26 billion BoP, current US$ | +29.3% |
| 2005 | 7.09 billion BoP, current US$ | +34.7% |
| 2006 | 8.22 billion BoP, current US$ | +16.0% |
| 2007 | 9.10 billion BoP, current US$ | +10.6% |
| 2008 | 8.07 billion BoP, current US$ | -11.3% |
| 2009 | 5.34 billion BoP, current US$ | -33.8% |
| 2010 | 5.78 billion BoP, current US$ | +8.2% |
| 2011 | 7.11 billion BoP, current US$ | +23.0% |
| 2012 | 7.21 billion BoP, current US$ | +1.4% |
| 2013 | 7.30 billion BoP, current US$ | +1.3% |
| 2014 | 8.01 billion BoP, current US$ | +9.8% |
| 2015 | 7.71 billion BoP, current US$ | -3.8% |
| 2016 | 8.51 billion BoP, current US$ | +10.3% |
| 2017 | 10.23 billion BoP, current US$ | +20.2% |
| 2018 | 11.33 billion BoP, current US$ | +10.8% |
| 2019 | 9.76 billion BoP, current US$ | -13.9% |
| 2020 | 7.63 billion BoP, current US$ | -21.9% |
| 2021 | 10.19 billion BoP, current US$ | +33.6% |
| 2022 | 13.47 billion BoP, current US$ | +32.2% |
| 2023 | 13.73 billion BoP, current US$ | +1.9% |
| 2024 | 14.51 billion BoP, current US$ | +5.7% |
| 2025 | 16.39 billion BoP, current US$ | +12.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 769.42 million BoP, current US$ | 545.10 million BoP, current US$ | 1.01 billion BoP, current US$ | 4 |
| 1980s | 1.38 billion BoP, current US$ | 1.00 billion BoP, current US$ | 1.98 billion BoP, current US$ | 10 |
| 1990s | 2.41 billion BoP, current US$ | 1.81 billion BoP, current US$ | 3.32 billion BoP, current US$ | 10 |
| 2000s | 5.70 billion BoP, current US$ | 3.13 billion BoP, current US$ | 9.10 billion BoP, current US$ | 10 |
| 2010s | 8.29 billion BoP, current US$ | 5.78 billion BoP, current US$ | 11.33 billion BoP, current US$ | 10 |
| 2020s | 12.65 billion BoP, current US$ | 7.63 billion BoP, current US$ | 16.39 billion BoP, current US$ | 6 |
Countries ranked near Iceland
- 101 Myanmar 17.36 billion BoP, current US$ compare
- 102 Tanzania, United Republic of 16.99 billion BoP, current US$ compare
- 103 Mongolia 16.59 billion BoP, current US$ compare
- 105 Armenia 16.24 billion BoP, current US$ compare
- 106 Uganda 16.12 billion BoP, current US$ compare
- 107 Kyrgyzstan 15.10 billion BoP, current US$ compare
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)
- Manufacturing, value added (current US$), per unit of GDP 0.0853 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 8,386 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 10.96 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 1.08 million current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.051 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 5,012 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 729,781 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 16.18 % change on previous year (2025)
Frequently asked questions
- What is imports of goods and services in Iceland?
- Imports of goods and services in Iceland was 16.39 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest imports of goods and services recorded in Iceland?
- The highest recorded value was 16.39 billion BoP, current US$ in 2025.
- What is the lowest imports of goods and services recorded in Iceland?
- The lowest recorded value was 545.10 million BoP, current US$ in 1976.
- How does Iceland rank for imports of goods and services?
- Iceland ranks 104th out of 200 countries with data for 2025.
- Is imports of goods and services rising or falling in Iceland?
- Over the last ten years it is up 112.5%. 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 Imports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. 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.