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Top Exports
As of 2023, Iceland's merchandise exports totaled approximately **\$6.6 billion**, reflecting a diverse economy with strong contributions from both natural resources and specialized manufacturing sectors. ### 🇮🇸 Top 20 Export Products of Iceland (2023) | Rank | Product Category | Export Value (USD) | Share of Total Exports | | | ---- | ---------------------------------------------------------------------------------------------- | ------------------ | ---------------------- | --------------------------------------------- | | 1 | **Unwrought aluminum** | \$2.08 billion | 30.0% | | | 2 | **Fish fillets and other fish meat (fresh, chilled, or frozen)** | \$1.11 billion | 16.3% | | | 3 | **Fresh or chilled fish (excluding fillets)** | \$431 million | 6.3% | | | 4 | **Optical, technical, and medical apparatus** | \$472 million | 6.8% | | | 5 | **Animal/vegetable fats, oils, and waxes** | \$253.9 million | 3.7% | | | 6 | **Food industry waste and animal fodder** | \$218.6 million | 3.1% | | | 7 | **Iron and steel** | \$215.7 million | 3.1% | | | 8 | **Machinery including computers** | \$135.8 million | 2.0% | | | 9 | **Mineral fuels including oil** | \$135.8 million | 2.0% | | | 10 | **Pharmaceuticals** | \$128.9 million | 1.9% | | | 11 | **Preparations of meat, fish, or crustaceans** | \$102.7 million | 1.5% | | | 12 | **Electrical machinery and equipment** | \$70 million | 1.0% | | | 13 | **Aluminum and articles thereof** | \$2.42 billion | 35.0% | | | 14 | **Fish and crustaceans, molluscs, and other aquatic invertebrates** | \$2.3 billion | 33.0% | | | 15 | **Residues and waste from the food industries; prepared animal feed** | \$295 million | 4.3% | | | 16 | **Animal, vegetable, or microbial fats and oils; prepared edible fats; waxes** | \$234 million | 3.5% | | | 17 | **Mineral fuels, mineral oils, and products of their distillation** | \$166 million | 2.4% | | | 18 | **Nuclear reactors, boilers, machinery, and mechanical appliances** | \$123 million | 1.8% | | | 19 | **Preparations of meat, of fish, or of crustaceans, molluscs, or other aquatic invertebrates** | \$106 million | 1.6% | | | 20 | **Electrical machinery and equipment and parts thereof** | \$70 million | 1.0% | ([TrendEconomy][1], [World's Top Exports][2]) | *Note: Export values and shares are approximate and based on available trade data.* ### 🌍 Top Export Destinations Iceland's primary export partners in 2023 included: * **Netherlands**: \$2.43 billion (35% of total exports) * **United States**: \$660 million (9.7%) * **United Kingdom**: \$592 million (8.7%) * **France**: \$437 million (6.4%) * **Norway**: \$391 million (5.7%) * **Germany**: \$327 million (4.8%) * **Spain**: \$268 million (3.9%) * **Denmark**: \$191 million (2.8%) * **China**: \$148 million (2.2%) * **Poland**: \$148 million (2.2%)([TrendEconomy][3], [TrendEconomy][1]) *Note: The percentages are approximate and based on available trade data.* These figures highlight Iceland's strong trade relationships, particularly with European countries and the United States. The country's export economy is characterized by a heavy reliance on natural resources, with aluminum and marine products being the most significant contributors. If you need more detailed information on specific export categories or trade partners, feel free to ask! [1]: https://trendeconomy.com/data/h2/Iceland/TOTAL?utm_source=chatgpt.com "Iceland | Imports and Exports | World | ALL COMMODITIES - TrendEconomy" [2]: https://www.worldstopexports.com/icelands-top-10-exports/?utm_source=chatgpt.com "Iceland’s Top 10 Exports - World's Top Exports" [3]: https://trendeconomy.com/data/export_h2/Iceland?utm_source=chatgpt.com "Iceland | Exports | ALL COMMODITIES | 2023 - TrendEconomy"