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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 2023 was $-0.02B, a 65.27% decline from 2022.
  • Iceland trade balance for 2022 was $-0.05B, a 89.88% decline from 2021.
  • Iceland trade balance for 2021 was $-0.46B, a 57.24% increase from 2020.
  • Iceland trade balance for 2020 was $-0.29B, a 126.03% decline from 2019.
  
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
Singapore $187.33B
Germany $185.46B
Ireland $182.92B
Netherlands $124.22B
Switzerland $110.06B
Australia $92.42B
Saudi Arabia $78.70B
Norway $71.41B
Spain $65.18B
Poland $49.41B
Denmark $38.67B
Italy $31.15B
Luxembourg $26.45B
Sweden $26.09B
Macao $20.41B
Israel $19.02B
Czech Republic $16.87B
Austria $14.63B
Hungary $10.86B
Puerto Rico $7.22B
Slovenia $4.55B
Chile $4.38B
Malta $4.07B
Hong Kong $3.21B
Lithuania $2.99B
Uruguay $2.52B
Brunei $2.50B
Portugal $2.39B
Slovak Republic $1.77B
South Korea $0.88B
Estonia $0.25B
Iceland $-0.02B
Seychelles $-0.24B
Cyprus $-0.30B
Bahamas $-0.46B
Finland $-1.26B
Croatia $-1.55B
Latvia $-1.68B
Belgium $-5.90B
Argentina $-7.26B
Canada $-8.36B
Greece $-11.74B
United Kingdom $-41.49B
France $-67.23B
Iceland Trade Balance - Historical Data
Year Billions of US $ % of GDP
2023 $-0.02B -0.05%
2022 $-0.05B -0.16%
2021 $-0.46B -1.79%
2020 $-0.29B -1.36%
2019 $1.13B 4.56%
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%