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Iceland Trade Balance 1970-2024

External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
  • Iceland trade balance for 2022 was $-0.20B, a 61.1% decline from 2021.
  • Iceland trade balance for 2021 was $-0.52B, a 55.45% increase from 2020.
  • Iceland trade balance for 2020 was $-0.34B, a 130.31% decline from 2019.
  • Iceland trade balance for 2019 was $1.11B, a 22.14% increase from 2018.
  
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
Ireland $197.56B
Saudi Arabia $185.08B
Singapore $169.18B
Norway $164.21B
Switzerland $99.17B
Australia $98.35B
Netherlands $93.41B
Germany $83.75B
Denmark $42.02B
Luxembourg $28.18B
Spain $19.70B
Israel $17.16B
Sweden $14.22B
Hong Kong $14.15B
Argentina $9.36B
Puerto Rico $8.28B
Poland $7.66B
Austria $6.84B
Brunei $4.30B
Uruguay $3.88B
Canada $3.73B
Malta $2.02B
Bermuda $1.99B
Slovenia $1.01B
Cyprus $-0.11B
Seychelles $-0.16B
Iceland $-0.20B
Estonia $-0.21B
Czech Republic $-0.30B
Bahamas $-0.66B
Lithuania $-1.39B
Macao $-2.20B
Latvia $-2.39B
Croatia $-3.28B
South Korea $-4.50B
Portugal $-6.40B
Slovak Republic $-6.66B
Hungary $-7.32B
Finland $-7.73B
Chile $-11.07B
Belgium $-13.99B
Greece $-20.69B
Italy $-30.98B
United Kingdom $-106.79B
France $-114.60B
Iceland Trade Balance - Historical Data
Year Billions of US $ % of GDP
2022 $-0.20B -0.73%
2021 $-0.52B -2.04%
2020 $-0.34B -1.56%
2019 $1.11B 4.50%
2018 $0.91B 3.46%
2017 $1.11B 4.49%
2016 $1.38B 6.64%
2015 $1.31B 7.49%
2014 $1.14B 6.37%
2013 $1.24B 7.71%
2012 $0.85B 5.77%
2011 $1.17B 7.68%
2010 $1.35B 9.85%
2009 $1.06B 8.04%
2008 $-0.38B -2.09%
2007 $-1.95B -8.99%
2006 $-2.92B -16.73%
2005 $-1.98B -11.73%
2004 $-0.78B -5.61%
2003 $-0.34B -2.95%
2002 $0.15B 1.60%
2001 $-0.07B -0.85%
2000 $-0.62B -6.88%
1999 $-0.41B -4.52%
1998 $-0.37B -4.35%
1997 $0.04B 0.46%
1996 $0.04B 0.49%
1995 $0.25B 3.45%
1994 $0.32B 4.97%
1993 $0.19B 3.02%
1992 $-0.01B -0.18%
1991 $-0.09B -1.32%
1990 $0.08B 1.18%
1989 $0.12B 2.12%
1988 $-0.06B -0.98%
1987 $-0.06B -1.14%
1986 $0.15B 3.69%
1985 $0.00B 0.04%
1984 $-0.00B -0.16%
1983 $0.06B 2.01%
1982 $-0.15B -4.76%
1981 $-0.05B -1.56%
1980 $-0.00B -0.10%
1979 $0.03B 1.03%
1978 $0.07B 2.82%
1977 $-0.02B -0.87%
1976 $0.00B 0.27%
1975 $-0.12B -8.36%
1974 $-0.15B -9.69%
1973 $-0.02B -2.12%
1972 $-0.02B -1.88%
1971 $-0.04B -6.47%
1970 $0.01B 1.56%