Summary
- Iceland → United States
- $1billion
- United States → Iceland
- $830million
- Iceland’s balance
- $220million
Balance
Iceland’s trade balance with the United States
Trade between Iceland and the United States grew 4.8-fold since 1995
USD billions (current). Iceland’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 1
- Imports 0.8
- Balance +0.2
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $238 million | $156 million | $81 million |
| 1996 | $252 million | $262 million | -$10 million |
| 1997 | $281 million | $199 million | $82 million |
| 1998 | $283 million | $287 million | -$4 million |
| 1999 | $327 million | $269 million | $59 million |
| 2000 | $243 million | $290 million | -$46 million |
| 2001 | $217 million | $264 million | -$47 million |
| 2002 | $255 million | $259 million | -$4 million |
| 2003 | $238 million | $323 million | -$86 million |
| 2004 | $271 million | $397 million | -$127 million |
| 2005 | $286 million | $480 million | -$194 million |
| 2006 | $417 million | $795 million | -$379 million |
| 2007 | $366 million | $918 million | -$552 million |
| 2008 | $324 million | $523 million | -$198 million |
| 2009 | $178 million | $270 million | -$92 million |
| 2010 | $228 million | $330 million | -$102 million |
| 2011 | $230 million | $542 million | -$312 million |
| 2012 | $279 million | $488 million | -$210 million |
| 2013 | $275 million | $486 million | -$211 million |
| 2014 | $290 million | $563 million | -$273 million |
| 2015 | $317 million | $420 million | -$104 million |
| 2016 | $375 million | $573 million | -$198 million |
| 2017 | $403 million | $471 million | -$68 million |
| 2018 | $439 million | $643 million | -$204 million |
| 2019 | $473 million | $547 million | -$74 million |
| 2020 | $405 million | $368 million | $37 million |
| 2021 | $560 million | $644 million | -$83 million |
| 2022 | $721 million | $595 million | $126 million |
| 2023 | $726 million | $699 million | $27 million |
| 2024 | $1 billion | $830 million | $220 million |
What they sell each other
What Iceland sells to the United States
The top 10 headings in 2024, with their share of the total.
What the United States 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 Los Angeles is 7,199 nautical miles (13,332 km) long: ≈ 16.5–21.5 days at sea (at 18 and 14 knots).
Passages it crosses: Panama Canal.
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 United States was Iceland’s 2nd largest trading partner (11% of its trade), and Iceland was the United States’ 90th (0%).
- The United States in Iceland’s trade
- 10.8%
- The United States’ rank among Iceland’s partners
- 2nd
- Iceland in the United States’ trade
- 0%
- Iceland’s rank among the United States’ partners
- 90th
Compare with
Other partners of Iceland
Other partners of the United States
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.