Imports of goods and services in Iceland
Iceland: Imports of goods and services was 2.10 trillion current LCU in 2025. ◆ Volatile
Imports of goods and services in Iceland, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2025, imports of goods and services in Iceland stood at 2.10 trillion current LCU. That is the highest value across all 56 years on record.
That represents a change of up 4.9% on the previous year and up 106.5% over ten years.
Over the whole period, imports of goods and services in Iceland peaked at 2.10 trillion current LCU in 2025 and was at its lowest, 198.17 million current LCU, in 1970.
That places Iceland 64th out of 192 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 | current LCU | Change |
|---|---|---|
| 1970 | 198.17 million current LCU | — |
| 1971 | 255.70 million current LCU | +29.0% |
| 1972 | 269.55 million current LCU | +5.4% |
| 1973 | 386.66 million current LCU | +43.4% |
| 1974 | 615.33 million current LCU | +59.1% |
| 1975 | 889.91 million current LCU | +44.6% |
| 1976 | 1.03 billion current LCU | +15.4% |
| 1977 | 1.46 billion current LCU | +42.4% |
| 1978 | 2.26 billion current LCU | +54.4% |
| 1979 | 3.66 billion current LCU | +62.0% |
| 1980 | 5.69 billion current LCU | +55.5% |
| 1981 | 9.00 billion current LCU | +58.2% |
| 1982 | 14.44 billion current LCU | +60.5% |
| 1983 | 25.48 billion current LCU | +76.5% |
| 1984 | 34.14 billion current LCU | +34.0% |
| 1985 | 49.06 billion current LCU | +43.7% |
| 1986 | 56.29 billion current LCU | +14.7% |
| 1987 | 74.53 billion current LCU | +32.4% |
| 1988 | 84.77 billion current LCU | +13.7% |
| 1989 | 100.03 billion current LCU | +18.0% |
| 1990 | 120.51 billion current LCU | +20.5% |
| 1991 | 131.10 billion current LCU | +8.8% |
| 1992 | 122.36 billion current LCU | -6.7% |
| 1993 | 123.05 billion current LCU | +0.6% |
| 1994 | 135.25 billion current LCU | +9.9% |
| 1995 | 145.39 billion current LCU | +7.5% |
| 1996 | 174.35 billion current LCU | +19.9% |
| 1997 | 188.24 billion current LCU | +8.0% |
| 1998 | 229.99 billion current LCU | +22.2% |
| 1999 | 240.22 billion current LCU | +4.4% |
| 2000 | 276.79 billion current LCU | +15.2% |
| 2001 | 303.21 billion current LCU | +9.5% |
| 2002 | 289.70 billion current LCU | -4.5% |
| 2003 | 311.92 billion current LCU | +7.7% |
| 2004 | 368.97 billion current LCU | +18.3% |
| 2005 | 446.78 billion current LCU | +21.1% |
| 2006 | 577.69 billion current LCU | +29.3% |
| 2007 | 580.17 billion current LCU | +0.4% |
| 2008 | 673.80 billion current LCU | +16.1% |
| 2009 | 661.53 billion current LCU | -1.8% |
| 2010 | 703.60 billion current LCU | +6.4% |
| 2011 | 824.24 billion current LCU | +17.1% |
| 2012 | 901.87 billion current LCU | +9.4% |
| 2013 | 890.62 billion current LCU | -1.2% |
| 2014 | 935.37 billion current LCU | +5.0% |
| 2015 | 1.02 trillion current LCU | +8.7% |
| 2016 | 1.03 trillion current LCU | +0.9% |
| 2017 | 1.09 trillion current LCU | +6.2% |
| 2018 | 1.23 trillion current LCU | +12.6% |
| 2019 | 1.20 trillion current LCU | -2.4% |
| 2020 | 1.03 trillion current LCU | -14.0% |
| 2021 | 1.29 trillion current LCU | +25.7% |
| 2022 | 1.83 trillion current LCU | +41.1% |
| 2023 | 1.89 trillion current LCU | +3.6% |
| 2024 | 2.00 trillion current LCU | +5.8% |
| 2025 | 2.10 trillion current LCU | +4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.10 billion current LCU | 198.17 million current LCU | 3.66 billion current LCU | 10 |
| 1980s | 45.34 billion current LCU | 5.69 billion current LCU | 100.03 billion current LCU | 10 |
| 1990s | 161.05 billion current LCU | 120.51 billion current LCU | 240.22 billion current LCU | 10 |
| 2000s | 449.06 billion current LCU | 276.79 billion current LCU | 673.80 billion current LCU | 10 |
| 2010s | 981.18 billion current LCU | 703.60 billion current LCU | 1.23 trillion current LCU | 10 |
| 2020s | 1.69 trillion current LCU | 1.03 trillion current LCU | 2.10 trillion current LCU | 6 |
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)
- Manufacturing, value added (constant LCU), per capita 729,781 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 16.18 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2006 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 19,720 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 8.17 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 25.76 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 2.53 million current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) -1.23 % 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 2.10 trillion current LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest imports of goods and services recorded in Iceland?
- The highest recorded value was 2.10 trillion current LCU in 2025.
- What is the lowest imports of goods and services recorded in Iceland?
- The lowest recorded value was 198.17 million current LCU in 1970.
- How does Iceland rank for imports of goods and services?
- Iceland ranks 64th out of 192 countries with data for 2025.
- Is imports of goods and services rising or falling in Iceland?
- Over the last ten years it is up 106.5%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Imports of goods and services (current LCU). 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 series is expressed in local currency units.