Summary
- Germany → Iceland
- $794million
- Iceland → Germany
- $638million
- Germany’s balance
- $156million
Balance
Germany’s trade balance with Iceland
Trade between Germany and Iceland grew 3.1-fold since 1995
USD billions (current). Germany’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 0.8
- Imports 0.6
- Balance +0.2
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $201 million | $258 million | -$57 million |
| 1996 | $225 million | $244 million | -$19 million |
| 1997 | $240 million | $265 million | -$25 million |
| 1998 | $286 million | $330 million | -$44 million |
| 1999 | $292 million | $301 million | -$9 million |
| 2000 | $312 million | $364 million | -$52 million |
| 2001 | $302 million | $347 million | -$45 million |
| 2002 | $265 million | $434 million | -$169 million |
| 2003 | $354 million | $502 million | -$148 million |
| 2004 | $490 million | $607 million | -$117 million |
| 2005 | $717 million | $563 million | $154 million |
| 2006 | $910 million | $603 million | $307 million |
| 2007 | $909 million | $755 million | $154 million |
| 2008 | $651 million | $831 million | -$180 million |
| 2009 | $331 million | $647 million | -$316 million |
| 2010 | $301 million | $946 million | -$646 million |
| 2011 | $418 million | $1.1 billion | -$721 million |
| 2012 | $486 million | $838 million | -$352 million |
| 2013 | $409 million | $820 million | -$411 million |
| 2014 | $409 million | $603 million | -$195 million |
| 2015 | $459 million | $560 million | -$101 million |
| 2016 | $708 million | $436 million | $272 million |
| 2017 | $740 million | $545 million | $195 million |
| 2018 | $863 million | $579 million | $284 million |
| 2019 | $544 million | $584 million | -$40 million |
| 2020 | $503 million | $481 million | $22 million |
| 2021 | $684 million | $709 million | -$25 million |
| 2022 | $782 million | $813 million | -$30 million |
| 2023 | $921 million | $723 million | $198 million |
| 2024 | $794 million | $638 million | $156 million |
What they sell each other
What Germany sells to Iceland
The top 10 headings in 2024, with their share of the total.
What Iceland sells to Germany
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Hamburg and Reykjavík is 1,338 nautical miles (2,479 km) long: ≈ 3–4 days at sea (at 18 and 14 knots).
It does not cross any major canal or strait.
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
Iceland was Germany’s 80th largest trading partner (0.1% of its trade), and Germany was Iceland’s 4th (8%).
- Iceland in Germany’s trade
- 0.1%
- Iceland’s rank among Germany’s partners
- 80th
- Germany in Iceland’s trade
- 8.2%
- Germany’s rank among Iceland’s partners
- 4th
Compare with
Other partners of Germany
Other partners of Iceland
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.