Net trade in goods and services in Iceland
Iceland: Net trade in goods and services was -824.37 million BoP, current US$ in 2025. ◆ Volatile
Net trade in goods and services in Iceland, 1976–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods and services in Iceland is -824.37 million BoP, current US$, measured in 2025.
That represents a change of down 96.5% on the previous year and down 160.0% over ten years.
Over the whole period, net trade in goods and services in Iceland peaked at 1.56 billion BoP, current US$ in 2016 and was at its lowest, -2.92 billion BoP, current US$, in 2006.
Iceland ranks 121st of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 49.05 million BoP, current US$ | 10.20 million BoP, current US$ | 91.80 million BoP, current US$ | 4 |
| 1980s | 33.93 million BoP, current US$ | -120.00 million BoP, current US$ | 176.40 million BoP, current US$ | 10 |
| 1990s | 5.75 million BoP, current US$ | -403.17 million BoP, current US$ | 313.74 million BoP, current US$ | 10 |
| 2000s | -812.46 million BoP, current US$ | -2.92 billion BoP, current US$ | 1.06 billion BoP, current US$ | 10 |
| 2010s | 1.26 billion BoP, current US$ | 892.98 million BoP, current US$ | 1.56 billion BoP, current US$ | 10 |
| 2020s | -227.02 million BoP, current US$ | -824.37 million BoP, current US$ | 244.99 million BoP, current US$ | 6 |
Countries ranked near Iceland
- 118 Bermuda -701.16 million BoP, current US$ compare
- 119 Gambia -701.38 million BoP, current US$ compare
- 120 Bolivia -702.28 million BoP, current US$ compare
- 122 Burundi -946.66 million BoP, current US$ compare
- 123 Tanzania -1.02 billion BoP, current US$ compare
- 124 East Timor -1.04 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 20.1% (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 688.53 billion constant LCU (2025)
- Gross national expenditure 102.3% (2025)
- Exports of goods and services 15.48 billion current US$ (2025)
- Gross fixed capital formation 1.32 trillion current LCU (2025)
- Gross fixed capital formation 10.29 billion current US$ (2025)
Frequently asked questions
- What is net trade in goods and services in Iceland?
- Net trade in goods and services in Iceland was -824.37 million BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Iceland?
- The highest recorded value was 1.56 billion BoP, current US$ in 2016.
- What is the lowest net trade in goods and services recorded in Iceland?
- The lowest recorded value was -2.92 billion BoP, current US$ in 2006.
- How does Iceland rank for net trade in goods and services?
- Iceland ranks 121st out of 199 countries with data for 2025.
- Is net trade in goods and services rising or falling in Iceland?
- Over the last ten years it is down 160.0%. 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 Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.