Net trade of food products as a share of domestic supply in Iceland
Iceland: Net trade of food products as a share of domestic supply was 83.3% in 2023. ▼ Falling
Net trade of food products as a share of domestic supply in Iceland, 1961–2023
Source: Food and Agriculture Organization of the United Nations (2025) – with major processing by Our World in Data. Measured in %.
Analysis
In 2023, net trade of food products as a share of domestic supply in Iceland stood at 83.3%. That is the lowest value across all 63 years on record.
The figure is down 4.5% on the previous year and down 57.3% over ten years.
Over the whole period, net trade of food products as a share of domestic supply in Iceland peaked at 578.2% in 1997 and was at its lowest, 83.3%, in 2023.
That places Iceland 1st out of 192 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently falling across the 63 years of available data.
Net trade of food products as a share of domestic supply in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1961 | 244.6% | — |
| 1962 | 312.4% | +27.7% |
| 1963 | 334.3% | +7.0% |
| 1964 | 413.9% | +23.8% |
| 1965 | 421.2% | +1.8% |
| 1966 | 523.4% | +24.3% |
| 1967 | 394.2% | -24.7% |
| 1968 | 260.9% | -33.8% |
| 1969 | 285.8% | +9.6% |
| 1970 | 274.7% | -3.9% |
| 1971 | 234.7% | -14.6% |
| 1972 | 273.8% | +16.6% |
| 1973 | 321.4% | +17.4% |
| 1974 | 349.1% | +8.6% |
| 1975 | 377.8% | +8.2% |
| 1976 | 279.8% | -25.9% |
| 1977 | 405.5% | +44.9% |
| 1978 | 536.0% | +32.2% |
| 1979 | 540.6% | +0.9% |
| 1980 | 486.0% | -10.1% |
| 1981 | 449.9% | -7.4% |
| 1982 | 254.7% | -43.4% |
| 1983 | 205.7% | -19.2% |
| 1984 | 354.8% | +72.5% |
| 1985 | 572.3% | +61.3% |
| 1986 | 540.6% | -5.5% |
| 1987 | 421.7% | -22.0% |
| 1988 | 318.5% | -24.5% |
| 1989 | 361.2% | +13.4% |
| 1990 | 398.6% | +10.3% |
| 1991 | 272.6% | -31.6% |
| 1992 | 454.0% | +66.5% |
| 1993 | 458.7% | +1.1% |
| 1994 | 340.3% | -25.8% |
| 1995 | 352.0% | +3.4% |
| 1996 | 528.8% | +50.2% |
| 1997 | 578.2% | +9.3% |
| 1998 | 360.7% | -37.6% |
| 1999 | 314.3% | -12.9% |
| 2000 | 417.3% | +32.8% |
| 2001 | 396.6% | -5.0% |
| 2002 | 455.4% | +14.8% |
| 2003 | 439.1% | -3.6% |
| 2004 | 356.6% | -18.8% |
| 2005 | 332.9% | -6.6% |
| 2006 | 257.6% | -22.6% |
| 2007 | 243.9% | -5.3% |
| 2008 | 224.7% | -7.9% |
| 2009 | 195.0% | -13.2% |
| 2010 | 157.9% | -19.0% |
| 2011 | 164.9% | +4.4% |
| 2012 | 172.5% | +4.6% |
| 2013 | 195.3% | +13.2% |
| 2014 | 122.3% | -37.4% |
| 2015 | 131.0% | +7.1% |
| 2016 | 98.3% | -25.0% |
| 2017 | 111.1% | +13.1% |
| 2018 | 129.0% | +16.1% |
| 2019 | 89.7% | -30.5% |
| 2020 | 91.8% | +2.3% |
| 2021 | 89.9% | -2.0% |
| 2022 | 87.2% | -3.0% |
| 2023 | 83.3% | -4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 354.5% | 244.6% | 523.4% | 9 |
| 1970s | 359.3% | 234.7% | 540.6% | 10 |
| 1980s | 396.6% | 205.7% | 572.3% | 10 |
| 1990s | 405.8% | 272.6% | 578.2% | 10 |
| 2000s | 331.9% | 195.0% | 455.4% | 10 |
| 2010s | 137.2% | 89.7% | 195.3% | 10 |
| 2020s | 88.0% | 83.3% | 91.8% | 4 |
Countries ranked near Iceland
- 2 New Zealand 77.2% compare
- 3 Micronesia, Federated States of 68.0% compare
- 4 Ukraine 63.3% 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)
- Exports of goods and services (current LCU), annual growth rate 2.27 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 51.52 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 5.07 million current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 0.9908 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.274 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 26,937 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 15.75 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2666 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is net trade of food products as a share of domestic supply in Iceland?
- Net trade of food products as a share of domestic supply in Iceland was 83.3% in 2023, according to Food and Agriculture Organization of the United Nations (2025) – with major processing by Our World in Data.
- What is the highest net trade of food products as a share of domestic supply recorded in Iceland?
- The highest recorded value was 578.2% in 1997.
- What is the lowest net trade of food products as a share of domestic supply recorded in Iceland?
- The lowest recorded value was 83.3% in 2023.
- How does Iceland rank for net trade of food products as a share of domestic supply?
- Iceland ranks 1st out of 192 countries with data for 2023.
- Is net trade of food products as a share of domestic supply rising or falling in Iceland?
- Over the last ten years it is down 57.3%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations (2025) – with major processing by Our World in Data, published as part of Net trade of food products as a share of domestic supply. Statizoid updates them automatically from the source API.
Download this data
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About this data
Net exported tonnes of food products expressed as a share of domestic supply. This includes items primarily intended for human consumption, but some may also be used for non-food purposes such as biofuels or animal feed. Positive values mean that countries are net exporters and negative values mean they are net importers.