Net trade in goods in Iceland
Iceland: Net trade in goods was -3.01 billion BoP, current US$ in 2025. ◆ Volatile
Net trade in goods in Iceland, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Iceland recorded -3.01 billion BoP, current US$ for net trade in goods in 2025. That is the lowest value across all 50 years on record.
That represents a change of down 28.7% on the previous year and down 1,189.8% over ten years.
Over the whole period, net trade in goods in Iceland peaked at 523.79 million BoP, current US$ in 2010 and was at its lowest, -3.01 billion BoP, current US$, in 2025.
Iceland ranks 133rd of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -7.65 million BoP, current US$ | -52.10 million BoP, current US$ | 25.50 million BoP, current US$ | 4 |
| 1980s | 1.03 million BoP, current US$ | -152.10 million BoP, current US$ | 134.20 million BoP, current US$ | 10 |
| 1990s | -15.26 million BoP, current US$ | -391.76 million BoP, current US$ | 271.88 million BoP, current US$ | 10 |
| 2000s | -911.95 million BoP, current US$ | -2.69 billion BoP, current US$ | 349.96 million BoP, current US$ | 10 |
| 2010s | -374.81 million BoP, current US$ | -1.47 billion BoP, current US$ | 523.79 million BoP, current US$ | 10 |
| 2020s | -1.77 billion BoP, current US$ | -3.01 billion BoP, current US$ | -590.34 million BoP, current US$ | 6 |
Countries ranked near Iceland
- 130 Myanmar -2.85 billion BoP, current US$ compare
- 131 Malta -2.98 billion BoP, current US$ compare
- 132 Uganda -3.01 billion BoP, current US$ compare
- 134 Armenia -3.06 billion BoP, current US$ compare
- 135 Maldives -3.08 billion BoP, current US$ compare
- 136 Estonia -3.13 billion BoP, current US$ compare
More economy & growth data for Iceland
- External balance on goods and services as a percent of gdp -2.26 (2025)
- Inflation of consumer prices 4.09 (2025)
- Gdp per capita worldbank constant usd 58,910 (2025)
- Manufacturing value added to gdp 8.53 (2025)
- Gdp worldbank constant usd 23.12 billion (2025)
- Gdp per capita in international and market dollars 58,910 (2025)
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (2025)
Frequently asked questions
- What is net trade in goods in Iceland?
- Net trade in goods in Iceland was -3.01 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods recorded in Iceland?
- The highest recorded value was 523.79 million BoP, current US$ in 2010.
- What is the lowest net trade in goods recorded in Iceland?
- The lowest recorded value was -3.01 billion BoP, current US$ in 2025.
- How does Iceland rank for net trade in goods?
- Iceland ranks 133rd out of 198 countries with data for 2025.
- Is net trade in goods rising or falling in Iceland?
- Over the last ten years it is down 1,189.8%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
The balance of international trade in goods is the difference between the exports and imports of goods. 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.