Imports of goods and services in Iceland
Iceland: Imports of goods and services was 16.35 billion current US$ in 2025. ◆ Volatile
Imports of goods and services in Iceland, 1970–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2025, imports of goods and services in Iceland stood at 16.35 billion current US$. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 12.7% on the previous year and up 112.1% over ten years.
Over the whole period, imports of goods and services in Iceland peaked at 16.35 billion current US$ in 2025 and was at its lowest, 225.19 million current US$, in 1970.
Iceland ranks 100th of 192 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 225.19 million current US$ | — |
| 1971 | 290.56 million current US$ | +29.0% |
| 1972 | 305.40 million current US$ | +5.1% |
| 1973 | 429.01 million current US$ | +40.5% |
| 1974 | 615.64 million current US$ | +43.5% |
| 1975 | 578.99 million current US$ | -6.0% |
| 1976 | 563.61 million current US$ | -2.7% |
| 1977 | 735.44 million current US$ | +30.5% |
| 1978 | 832.99 million current US$ | +13.3% |
| 1979 | 1.04 billion current US$ | +24.5% |
| 1980 | 1.19 billion current US$ | +14.3% |
| 1981 | 1.25 billion current US$ | +5.1% |
| 1982 | 1.17 billion current US$ | -6.1% |
| 1983 | 1.03 billion current US$ | -12.3% |
| 1984 | 1.08 billion current US$ | +5.0% |
| 1985 | 1.18 billion current US$ | +9.7% |
| 1986 | 1.37 billion current US$ | +15.9% |
| 1987 | 1.93 billion current US$ | +40.7% |
| 1988 | 1.97 billion current US$ | +2.3% |
| 1989 | 1.75 billion current US$ | -11.0% |
| 1990 | 2.07 billion current US$ | +17.9% |
| 1991 | 2.22 billion current US$ | +7.5% |
| 1992 | 2.13 billion current US$ | -4.3% |
| 1993 | 1.82 billion current US$ | -14.4% |
| 1994 | 1.93 billion current US$ | +6.2% |
| 1995 | 2.25 billion current US$ | +16.2% |
| 1996 | 2.62 billion current US$ | +16.7% |
| 1997 | 2.65 billion current US$ | +1.3% |
| 1998 | 3.24 billion current US$ | +22.1% |
| 1999 | 3.32 billion current US$ | +2.5% |
| 2000 | 3.52 billion current US$ | +6.0% |
| 2001 | 3.11 billion current US$ | -11.6% |
| 2002 | 3.16 billion current US$ | +1.5% |
| 2003 | 4.07 billion current US$ | +28.7% |
| 2004 | 5.26 billion current US$ | +29.3% |
| 2005 | 7.09 billion current US$ | +34.9% |
| 2006 | 8.23 billion current US$ | +16.0% |
| 2007 | 9.06 billion current US$ | +10.0% |
| 2008 | 7.66 billion current US$ | -15.4% |
| 2009 | 5.35 billion current US$ | -30.2% |
| 2010 | 5.76 billion current US$ | +7.6% |
| 2011 | 7.11 billion current US$ | +23.5% |
| 2012 | 7.21 billion current US$ | +1.4% |
| 2013 | 7.29 billion current US$ | +1.1% |
| 2014 | 8.01 billion current US$ | +9.9% |
| 2015 | 7.71 billion current US$ | -3.8% |
| 2016 | 8.49 billion current US$ | +10.1% |
| 2017 | 10.20 billion current US$ | +20.1% |
| 2018 | 11.33 billion current US$ | +11.1% |
| 2019 | 9.76 billion current US$ | -13.8% |
| 2020 | 7.61 billion current US$ | -22.1% |
| 2021 | 10.20 billion current US$ | +34.1% |
| 2022 | 13.51 billion current US$ | +32.5% |
| 2023 | 13.72 billion current US$ | +1.6% |
| 2024 | 14.51 billion current US$ | +5.8% |
| 2025 | 16.35 billion current US$ | +12.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 561.41 million current US$ | 225.19 million current US$ | 1.04 billion current US$ | 10 |
| 1980s | 1.39 billion current US$ | 1.03 billion current US$ | 1.97 billion current US$ | 10 |
| 1990s | 2.43 billion current US$ | 1.82 billion current US$ | 3.32 billion current US$ | 10 |
| 2000s | 5.65 billion current US$ | 3.11 billion current US$ | 9.06 billion current US$ | 10 |
| 2010s | 8.29 billion current US$ | 5.76 billion current US$ | 11.33 billion current US$ | 10 |
| 2020s | 12.65 billion current US$ | 7.61 billion current US$ | 16.35 billion current US$ | 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)
- Services, value added (current US$), annual growth rate 17.85 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6623 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 65,116 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 9.72 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 85.06 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 8.36 million current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 2.16 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3978 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is imports of goods and services in Iceland?
- Imports of goods and services in Iceland was 16.35 billion current US$ 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 16.35 billion current US$ in 2025.
- What is the lowest imports of goods and services recorded in Iceland?
- The lowest recorded value was 225.19 million current US$ in 1970.
- How does Iceland rank for imports of goods and services?
- Iceland ranks 100th 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 112.1%. 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 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.