Goods imports in Iceland
Iceland: Goods imports was 10.41 billion BoP, current US$ in 2025. ◆ Volatile
Goods imports in Iceland, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Iceland recorded 10.41 billion BoP, current US$ for goods imports in 2025. That is the highest value across all 50 years on record.
The figure is up 11.9% on the previous year and up 111.3% over ten years.
Over the whole period, goods imports in Iceland peaked at 10.41 billion BoP, current US$ in 2025 and was at its lowest, 427.90 million BoP, current US$, in 1976.
That places Iceland 109th out of 199 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 591.27 million BoP, current US$ | 427.90 million BoP, current US$ | 754.10 million BoP, current US$ | 4 |
| 1980s | 1.01 billion BoP, current US$ | 721.60 million BoP, current US$ | 1.44 billion BoP, current US$ | 10 |
| 1990s | 1.72 billion BoP, current US$ | 1.22 billion BoP, current US$ | 2.33 billion BoP, current US$ | 10 |
| 2000s | 3.84 billion BoP, current US$ | 2.10 billion BoP, current US$ | 6.22 billion BoP, current US$ | 10 |
| 2010s | 5.23 billion BoP, current US$ | 3.60 billion BoP, current US$ | 7.18 billion BoP, current US$ | 10 |
| 2020s | 8.36 billion BoP, current US$ | 5.32 billion BoP, current US$ | 10.41 billion BoP, current US$ | 6 |
Countries ranked near Iceland
- 106 Mongolia 11.67 billion BoP, current US$ compare
- 107 Armenia 11.59 billion BoP, current US$ compare
- 108 Senegal 10.84 billion BoP, current US$ compare
- 110 Nicaragua 10.13 billion BoP, current US$ compare
- 111 Moldova 10.11 billion BoP, current US$ compare
- 112 Zambia 10.07 billion BoP, current US$ compare
More economy & growth data for Iceland
- Exports of goods and services 1.99 trillion current LCU (2025)
- Industry (including construction), value added 688.53 billion constant LCU (2025)
- Gross national expenditure 39.45 billion current US$ (2025)
- Gross national expenditure 5.07 trillion current LCU (2025)
- Gross national expenditure 23.89 billion constant 2015 US$ (2025)
- Industry (including construction), value added -1.2% (2025)
- Gross national expenditure 102.3% (2025)
- Exports of goods and services 15.48 billion current US$ (2025)
- Gross fixed capital formation 10.29 billion current US$ (2025)
- Exports of goods and services 40.1% (2025)
Frequently asked questions
- What is goods imports in Iceland?
- Goods imports in Iceland was 10.41 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods imports recorded in Iceland?
- The highest recorded value was 10.41 billion BoP, current US$ in 2025.
- What is the lowest goods imports recorded in Iceland?
- The lowest recorded value was 427.90 million BoP, current US$ in 1976.
- How does Iceland rank for goods imports?
- Iceland ranks 109th out of 199 countries with data for 2025.
- Is goods imports rising or falling in Iceland?
- Over the last ten years it is up 111.3%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods imports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Imports of goods occur when there are changes in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.