Summary
- Iceland → Netherlands
- $1.6billion
- Netherlands → Iceland
- $634million
- Iceland’s balance
- $960million
Balance
Iceland’s trade balance with the Netherlands
Trade between Iceland and the Netherlands grew 10.7-fold since 1995
USD billions (current). Iceland’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 1.6
- Imports 0.6
- Balance +1
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $81 million | $127 million | -$46 million |
| 1996 | $88 million | $127 million | -$39 million |
| 1997 | $92 million | $139 million | -$47 million |
| 1998 | $96 million | $158 million | -$62 million |
| 1999 | $145 million | $133 million | $13 million |
| 2000 | $236 million | $200 million | $36 million |
| 2001 | $364 million | $155 million | $209 million |
| 2002 | $318 million | $147 million | $170 million |
| 2003 | $375 million | $191 million | $183 million |
| 2004 | $438 million | $227 million | $211 million |
| 2005 | $430 million | $347 million | $83 million |
| 2006 | $522 million | $322 million | $200 million |
| 2007 | $892 million | $413 million | $480 million |
| 2008 | $1.1 billion | $395 million | $733 million |
| 2009 | $1.3 billion | $335 million | $984 million |
| 2010 | $1.7 billion | $446 million | $1.2 billion |
| 2011 | $1.3 billion | $387 million | $923 million |
| 2012 | $1.5 billion | $318 million | $1.1 billion |
| 2013 | $1.6 billion | $281 million | $1.3 billion |
| 2014 | $1.5 billion | $428 million | $1.1 billion |
| 2015 | $1.2 billion | $325 million | $850 million |
| 2016 | $1.1 billion | $470 million | $607 million |
| 2017 | $1.2 billion | $481 million | $735 million |
| 2018 | $1.5 billion | $524 million | $1 billion |
| 2019 | $1.3 billion | $555 million | $697 million |
| 2020 | $1.1 billion | $477 million | $598 million |
| 2021 | $1.8 billion | $564 million | $1.2 billion |
| 2022 | $2 billion | $735 million | $1.3 billion |
| 2023 | $2 billion | $744 million | $1.3 billion |
| 2024 | $1.6 billion | $634 million | $960 million |
What they sell each other
What Iceland sells to the Netherlands
The top 10 headings in 2024, with their share of the total.
What the Netherlands sells to Iceland
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Reykjavík and Rotterdam is 1,262 nautical miles (2,337 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
The Netherlands was Iceland’s largest trading partner (13% of its trade), and Iceland was the Netherlands’ 60th (0.2%).
- The Netherlands in Iceland’s trade
- 12.7%
- The Netherlands’ rank among Iceland’s partners
- 1st
- Iceland in the Netherlands’ trade
- 0.2%
- Iceland’s rank among the Netherlands’ partners
- 60th
Compare with
Other partners of Iceland
Other partners of the Netherlands
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.
Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.