Share of food products in total merchandise exports in Iceland
Iceland: Share of food products in total merchandise exports was 46.9% in 2025. ▼ Falling
Latest (2025)
46.9%
Change on year
up 6.7%
World rank
42nd
of 196 countries
All-time high
95.3%
in 1965
All-time low
38.2%
in 2008
Years of data
64
1962–2025
Share of food products in total merchandise exports in Iceland, 1962–2025
Source: UN Comtrade, WITS, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of merchandise exports.
Analysis
In 2025, share of food products in total merchandise exports in Iceland stood at 46.9%.
The figure is up 6.7% on the previous year and up 4.3% over ten years.
Over the whole period, share of food products in total merchandise exports in Iceland peaked at 95.3% in 1965 and was at its lowest, 38.2%, in 2008.
That places Iceland 42nd out of 196 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently falling across the 64 years of available data.
Share of food products in total merchandise exports in Iceland, year by year
| Year | % of merchandise exports | Change |
|---|---|---|
| 1962 | 93.9% | — |
| 1963 | 94.0% | +0.1% |
| 1964 | 93.8% | -0.2% |
| 1965 | 95.3% | +1.6% |
| 1966 | 93.6% | -1.7% |
| 1967 | 92.5% | -1.2% |
| 1968 | 91.1% | -1.4% |
| 1969 | 85.2% | -6.5% |
| 1970 | 80.0% | -6.2% |
| 1971 | 86.1% | +7.7% |
| 1972 | 75.8% | -12.1% |
| 1973 | 75.9% | +0.2% |
| 1974 | 76.9% | +1.4% |
| 1975 | 80.6% | +4.8% |
| 1976 | 74.7% | -7.3% |
| 1977 | 76.8% | +2.8% |
| 1978 | 79.6% | +3.7% |
| 1979 | 78.0% | -2.0% |
| 1980 | 77.5% | -0.6% |
| 1981 | 80.5% | +3.8% |
| 1982 | 77.8% | -3.3% |
| 1983 | 71.1% | -8.7% |
| 1984 | 70.6% | -0.6% |
| 1985 | 77.9% | +10.3% |
| 1986 | 79.9% | +2.6% |
| 1987 | 79.3% | -0.8% |
| 1988 | 74.7% | -5.8% |
| 1989 | 74.7% | -0.0% |
| 1990 | 79.8% | +6.8% |
| 1991 | 83.6% | +4.8% |
| 1992 | 83.0% | -0.8% |
| 1993 | 82.1% | -1.1% |
| 1994 | 79.1% | -3.7% |
| 1995 | 75.5% | -4.5% |
| 1996 | 76.3% | +1.0% |
| 1997 | 74.2% | -2.6% |
| 1998 | 75.1% | +1.2% |
| 1999 | 69.6% | -7.3% |
| 2000 | 65.2% | -6.3% |
| 2001 | 63.6% | -2.5% |
| 2002 | 64.4% | +1.2% |
| 2003 | 64.1% | -0.4% |
| 2004 | 62.1% | -3.1% |
| 2005 | 58.5% | -5.9% |
| 2006 | 53.0% | -9.4% |
| 2007 | 43.2% | -18.5% |
| 2008 | 38.2% | -11.5% |
| 2009 | 43.5% | +13.8% |
| 2010 | 41.4% | -4.8% |
| 2011 | 42.6% | +3.0% |
| 2012 | 44.6% | +4.7% |
| 2013 | 47.0% | +5.3% |
| 2014 | 43.8% | -6.6% |
| 2015 | 45.0% | +2.6% |
| 2016 | 47.2% | +5.0% |
| 2017 | 42.6% | -9.8% |
| 2018 | 44.3% | +3.9% |
| 2019 | 46.8% | +5.6% |
| 2020 | 50.8% | +8.7% |
| 2021 | 46.0% | -9.5% |
| 2022 | 41.5% | -9.6% |
| 2023 | 44.6% | +7.5% |
| 2024 | 44.0% | -1.5% |
| 2025 | 46.9% | +6.7% |
Iceland compared with similar countries
- Iceland's 46.9% is above the median for high income countries, which is 11.5%, 4.1× the median. (71 countries reporting)
- Iceland's 46.9% is above the median for Europe & Central Asia, which is 12.0%, 3.9× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 92.4% | 85.2% | 95.3% | 8 |
| 1970s | 78.4% | 74.7% | 86.1% | 10 |
| 1980s | 76.4% | 70.6% | 80.5% | 10 |
| 1990s | 77.8% | 69.6% | 83.6% | 10 |
| 2000s | 55.6% | 38.2% | 65.2% | 10 |
| 2010s | 44.5% | 41.4% | 47.2% | 10 |
| 2020s | 45.6% | 41.5% | 50.8% | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is share of food products in total merchandise exports in Iceland?
- Share of food products in total merchandise exports in Iceland was 46.9% in 2025, according to UN Comtrade, WITS, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest share of food products in total merchandise exports recorded in Iceland?
- The highest recorded value was 95.3% in 1965.
- What is the lowest share of food products in total merchandise exports recorded in Iceland?
- The lowest recorded value was 38.2% in 2008.
- How does Iceland rank for share of food products in total merchandise exports?
- Iceland ranks 42nd out of 196 countries with data for 2025.
- Is share of food products in total merchandise exports rising or falling in Iceland?
- Over the last ten years it is up 4.3%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from UN Comtrade, WITS, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Share of food products in total merchandise exports. Statizoid updates them automatically from the source API.
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About this data
Value of food exports divided by the total value of merchandise exports, expressed as a percentage.