International trade in services — Sea transport; Freight in Iceland

Iceland: International trade in services — Sea transport; Freight was 9 Euros, exchange rate converted in 2024. ▲ Rising

Latest (2024)
9 Euros, exchange rate converted
Change on year
down 33.3%
World rank
10th
of 17 countries
All-time high
22 Euros, exchange rate converted
in 2022
All-time low
7 Euros, exchange rate converted
in 2020
Years of data
5
2020–2024

International trade in services — Sea transport; Freight in Iceland, 2020–2024

51015202020202220242020: 7 Euros, exchange rate converted2021: 12.7 Euros, exchange rate converted2022: 22 Euros, exchange rate converted2023: 13.5 Euros, exchange rate converted2024: 9 Euros, exchange rate converted

Source: Organisation for Economic Co-operation and Development. Measured in Euros, exchange rate converted.

Analysis

In 2024, international trade in services — sea transport; freight in Iceland stood at 9 Euros, exchange rate converted.

The figure is down 33.3% on the previous year and up 28.6% over five years.

International trade in services — Sea transport; Freight in Iceland, year by year

Annual values for International trade in services — Sea transport; Freight in Iceland, 2020 to 2024.
Year Euros, exchange rate converted Change
2020 7 Euros, exchange rate converted
2021 12.7 Euros, exchange rate converted +81.4%
2022 22 Euros, exchange rate converted +73.2%
2023 13.5 Euros, exchange rate converted -38.6%
2024 9 Euros, exchange rate converted -33.3%

Countries ranked near Iceland

  1. 7 Belgium 241 Euros, exchange rate converted compare
  2. 7 Lithuania -42.1 Euros, exchange rate converted compare
  3. 8 Luxembourg 17 Euros, exchange rate converted compare
  4. 9 Romania 10.5 Euros, exchange rate converted compare
  5. 11 Czechia 5.3 Euros, exchange rate converted compare
  6. 12 Hungary -11.4 Euros, exchange rate converted compare
  7. 13 Bulgaria -137.7 Euros, exchange rate converted compare

See the full ranking of 26 places →

More economy & growth data for Iceland

All data for Iceland →

Frequently asked questions

What is international trade in services — sea transport; freight in Iceland?
International trade in services — sea transport; freight in Iceland was 9 Euros, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
What is the highest international trade in services — sea transport; freight recorded in Iceland?
The highest recorded value was 22 Euros, exchange rate converted in 2022.
What is the lowest international trade in services — sea transport; freight recorded in Iceland?
The lowest recorded value was 7 Euros, exchange rate converted in 2020.
How does Iceland rank for international trade in services — sea transport; freight?
Iceland ranks 10th out of 17 countries with data for 2024.
Where does this Iceland data come from?
The figures come from Organisation for Economic Co-operation and Development, published as part of International trade in services — Sea transport; Freight. Statizoid updates them automatically from the source API.

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International trade in services — Sea transport; Freight in Iceland. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 02 September 2026, from https://economy.statizoid.com/stat/international-trade-in-services-sea-transport-freight/iceland/

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About this data

Indicator
International trade in services — Sea transport; Freight
Unit
Euros, exchange rate converted
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
26 places, 377 data points, 1999–2025
Last refreshed

Metadata by country are available in English and French. Please click on the link below: https://webfs-sdd.oecd.org/files/.Stat/ITSS/TradeInServices_metadata_allCountries.docx. The aim of this dataflow International Trade in Services EBOPS 2010 (by partner country) is to collect and disseminate balance of payments data on international trade in services at the most detailed partner country level available. To the extent that countries report them, data are also broken down by type of service according to the EBOPS 2010 classification. There has been a growing interest in monitoring patterns of trade in services around the world, which is partly associated with ongoing trade negotiations and partly due to the increasing importance of services in OECD economies. It has been developed to supplement other OECD publications on trade in services to address the data needs of trade analysts. It is also an important part of OECD's programme to facilitate the implementation of the recommendations of the revised Manual on Statistics of International Trade in Services 2010. The currency unit used for all series is: Millions of US dollars or Millions of National Currency or Millions of Euros. OECD statistics contact: stat.contact@oecd.org http://www.oecd.org/sdd