Binding coverage, primary products in Iceland
Iceland: Binding coverage, primary products was 0.0% in 2022. ▼ Falling
Binding coverage, primary products in Iceland, 1996–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
Iceland recorded 0.0% for binding coverage, primary products in 2022. That is the lowest value across all 23 years on record.
The figure is down 100.0% on the previous year and down 100.0% over ten years.
Over the whole period, binding coverage, primary products in Iceland peaked at 97.0% in 2017 and was at its lowest, 0.0%, in 2022.
Iceland ranks 60th of 158 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 96.2% | 96.2% | 96.2% | 3 |
| 2000s | 96.3% | 96.2% | 96.5% | 9 |
| 2010s | 96.8% | 96.5% | 97.0% | 9 |
| 2020s | 48.4% | 0.0% | 96.9% | 2 |
Countries ranked near Iceland
- 57 Cote d'Ivoire 55.1% compare
- 58 Bangladesh 53.6% compare
- 59 Mozambique 52.9% compare
- 60 Albania 0.0% compare
- 60 Australia 0.0% compare
- 60 Austria 0.0% compare
- 60 Bahrain 0.0% compare
- 60 Belgium 0.0% compare
- 60 Belize 0.0% compare
- 60 Benin 0.0% compare
- 60 Botswana 0.0% compare
- 60 Bulgaria 0.0% compare
- 60 Burkina Faso 0.0% compare
- 60 Burundi 0.0% compare
- 60 Cambodia 0.0% compare
- 60 Cameroon 0.0% compare
- 60 Canada 0.0% compare
- 60 Central African Republic 0.0% compare
- 60 Chad 0.0% compare
- 60 China 0.0% compare
- 60 Congo 0.0% compare
- 60 Costa Rica 0.0% compare
- 60 Croatia 0.0% compare
- 60 Cyprus 0.0% compare
- 60 Czechia 0.0% compare
- 60 Denmark 0.0% compare
- 60 Dominican Republic 0.0% compare
- 60 El Salvador 0.0% compare
- 60 Estonia 0.0% compare
- 60 Eswatini 0.0% compare
- 60 Finland 0.0% compare
- 60 France 0.0% compare
- 60 Gabon 0.0% compare
- 60 Gambia 0.0% compare
- 60 Germany 0.0% compare
- 60 Ghana 0.0% compare
- 60 Greece 0.0% compare
- 60 Guatemala 0.0% compare
- 60 Guinea 0.0% compare
- 60 Guinea-Bissau 0.0% compare
- 60 Honduras 0.0% compare
- 60 Hong Kong 0.0% compare
- 60 Hungary 0.0% compare
- 60 India 0.0% compare
- 60 Indonesia 0.0% compare
- 60 Ireland 0.0% compare
- 60 Italy 0.0% compare
- 60 Jamaica 0.0% compare
- 60 Japan 0.0% compare
- 60 Kazakhstan 0.0% compare
- 60 Kenya 0.0% compare
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- 60 Latvia 0.0% compare
- 60 Lesotho 0.0% compare
- 60 Liechtenstein 0.0% compare
- 60 Lithuania 0.0% compare
- 60 Macao 0.0% compare
- 60 Madagascar 0.0% compare
- 60 Malaysia 0.0% compare
- 60 Maldives 0.0% compare
- 60 Mali 0.0% compare
- 60 Malta 0.0% compare
- 60 Mauritius 0.0% compare
- 60 Mongolia 0.0% compare
- 60 Montenegro 0.0% compare
- 60 Namibia 0.0% compare
- 60 Nepal 0.0% compare
- 60 Netherlands 0.0% compare
- 60 New Zealand 0.0% compare
- 60 Nicaragua 0.0% compare
- 60 Niger 0.0% compare
- 60 Nigeria 0.0% compare
- 60 North Macedonia 0.0% compare
- 60 Norway 0.0% compare
- 60 Oman 0.0% compare
- 60 Pakistan 0.0% compare
- 60 Panama 0.0% compare
- 60 Poland 0.0% compare
- 60 Portugal 0.0% compare
- 60 Qatar 0.0% compare
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- 60 Rwanda 0.0% compare
- 60 Saudi Arabia 0.0% compare
- 60 Senegal 0.0% compare
- 60 Sierra Leone 0.0% compare
- 60 Slovakia 0.0% compare
- 60 Slovenia 0.0% compare
- 60 Solomon Islands 0.0% compare
- 60 South Africa 0.0% compare
- 60 Spain 0.0% compare
- 60 Sweden 0.0% compare
- 60 Switzerland 0.0% compare
- 60 Tanzania 0.0% compare
- 60 Thailand 0.0% compare
- 60 Togo 0.0% compare
- 60 Turkey 0.0% compare
- 60 Uganda 0.0% compare
- 60 United Kingdom 0.0% compare
- 60 United States 0.0% compare
- 60 Vanuatu 0.0% compare
- 60 Zambia 0.0% compare
More private sector data for Iceland
- Merchandise exports 7.17 billion current US$ (2025)
- Manufactures exports 14.0% (2025)
- Food exports 46.9% (2025)
- Merchandise imports 10.94 billion current US$ (2025)
- Manufactures imports 71.1% (2025)
- Food imports 11.1% (2025)
- Merchandise trade 46.9% (2025)
- Commercial service exports 8.13 billion current US$ (2025)
- Transport services 16.3% (2025)
- Computer, communications and other services 41.2% (2025)
Frequently asked questions
- What is binding coverage, primary products in Iceland?
- Binding coverage, primary products in Iceland was 0.0% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest binding coverage, primary products recorded in Iceland?
- The highest recorded value was 97.0% in 2017.
- What is the lowest binding coverage, primary products recorded in Iceland?
- The lowest recorded value was 0.0% in 2022.
- How does Iceland rank for binding coverage, primary products?
- Iceland ranks 60th out of 158 countries with data for 2022.
- Is binding coverage, primary products rising or falling in Iceland?
- Over the last ten years it is down 100.0%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Binding coverage, primary products (%). Statizoid updates them automatically from the source API.
Download this data
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About this data
Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).