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Iceland
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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. | 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% | Top Export Destinations **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%) These figures highlight Iceland's strong trade relationships, particularly with European countries and the United States.
