International trade in services — Sea transport in Iceland
Iceland: International trade in services — Sea transport was 29 Euros, exchange rate converted in 2024. ◆ Volatile
International trade in services — Sea transport in Iceland, 2013–2024
Source: Organisation for Economic Co-operation and Development. Measured in Euros, exchange rate converted.
Analysis
In 2024, international trade in services — sea transport in Iceland stood at 29 Euros, exchange rate converted.
That represents a change of down 23.7% on the previous year and up 297.3% over ten years.
Over the whole period, international trade in services — sea transport in Iceland peaked at 44.2 Euros, exchange rate converted in 2022 and was at its lowest, 3.5 Euros, exchange rate converted, in 2013.
That places Iceland 9th out of 20 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.
International trade in services — Sea transport in Iceland, year by year
| Year | Euros, exchange rate converted | Change |
|---|---|---|
| 2013 | 3.5 Euros, exchange rate converted | — |
| 2014 | 7.3 Euros, exchange rate converted | +108.6% |
| 2015 | 7.1 Euros, exchange rate converted | -2.7% |
| 2016 | 8.1 Euros, exchange rate converted | +14.1% |
| 2017 | 10.1 Euros, exchange rate converted | +24.7% |
| 2018 | 8.5 Euros, exchange rate converted | -15.8% |
| 2019 | 10.3 Euros, exchange rate converted | +21.2% |
| 2020 | 9.6 Euros, exchange rate converted | -6.8% |
| 2021 | 30.7 Euros, exchange rate converted | +219.8% |
| 2022 | 44.2 Euros, exchange rate converted | +44.0% |
| 2023 | 38 Euros, exchange rate converted | -14.0% |
| 2024 | 29 Euros, exchange rate converted | -23.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 7.84 Euros, exchange rate converted | 3.5 Euros, exchange rate converted | 10.3 Euros, exchange rate converted | 7 |
| 2020s | 30.3 Euros, exchange rate converted | 9.6 Euros, exchange rate converted | 44.2 Euros, exchange rate converted | 5 |
Countries ranked near Iceland
- 6 Poland -33.7 Euros, exchange rate converted compare
- 6 Sweden 194.9 Euros, exchange rate converted compare
- 7 Belgium 89 Euros, exchange rate converted compare
- 7 Lithuania -44.3 Euros, exchange rate converted compare
- 8 Romania 79.2 Euros, exchange rate converted compare
- 10 Luxembourg 18 Euros, exchange rate converted compare
- 11 Hungary 5.4 Euros, exchange rate converted compare
- 12 Czechia -1.2 Euros, exchange rate converted 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)
- Industry (including construction), value added (constant 2015 US$) -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1135 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 11,161 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 17.85 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 1.75 million constant LCU per person (2025)
- 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)
Frequently asked questions
- What is international trade in services — sea transport in Iceland?
- International trade in services — sea transport in Iceland was 29 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 recorded in Iceland?
- The highest recorded value was 44.2 Euros, exchange rate converted in 2022.
- What is the lowest international trade in services — sea transport recorded in Iceland?
- The lowest recorded value was 3.5 Euros, exchange rate converted in 2013.
- How does Iceland rank for international trade in services — sea transport?
- Iceland ranks 9th out of 20 countries with data for 2024.
- Is international trade in services — sea transport rising or falling in Iceland?
- Over the last ten years it is up 297.3%. The long-run trend across the full record is volatile.
- 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. Statizoid updates them automatically from the source API.
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About this data
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