Iceland vs USA: 2023 Trade Comparison

Side-by-side stats from CEPII BACI. Bold values mark the larger figure.

IcelandMetricUSA
$7.30BTotal exports$1.90T
$9.61BTotal imports$2.98T
$-2.31BTrade balance$-1.08T
$16.90BTotal trade volume$4.87T
#116Global export rank#2
#118Global import rank#1

Direct trade between Iceland and USA

IcelandUSA
$685.73M
USAIceland
$604.99M

Iceland top exports

  • unwrought, (not alloyed)$1.68B
  • unwrought, alloys$642.35M
  • frozen, cod (Gadus morhua, Gadus ogac, Gadus macrocephalus)$331.30M
  • of fish or of crustaceans, molluscs or other aquatic invertebrates$286.87M
  • ferro-silicon, containing by weight more than 55% of silicon$243.33M

USA top exports

  • petroleum oils and oils obtained from bituminous minerals, crude$124.16B
  • preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals$115.84B
  • liquefied, natural gas$39.59B
  • consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale$33.69B
  • of an unladen weight exceeding 15,000kg$31.57B

Shared top trade partners

Both countries appear as major export destinations for 4 of the same partners:

ChinaGermanyUnited KingdomNetherlands