Countries
Iceland: trade by HS code
- US$7.9bnExports 2024
- US$10bnImports 2024
- 2,980HS6 · Exports
Iceland exported goods worth US$7.9bn and imported US$10bn in 2024, in 2,980 and 4,980 different six-digit products.
Its main exports were unwrought aluminium, not alloyed (7601.10), unwrought aluminium alloys (7601.20) and fish of the families Bregmacerotidae… (0304.44).
Its largest customer was the Netherlands and its largest supplier China.
In the 12 months to August 2026, the UK imported goods worth £575.9m from Iceland (-2% on the year before), above all frozen cod fillets, frozen fillets of fish of the families… and fish meal and pellets, and exported £947.5m to it.
Under the UK–Iceland agreement, 88% of the UK tariff lines are duty-free for goods from Iceland that meet the rules of origin.
Iceland and the UK
Agreement or scheme: UK–Iceland agreement
What the UK imports from Iceland
- 0304.71Frozen cod fillets
- 0304.72Frozen fillets of fish of the families Bregmacerotidae: haddock (Melanogrammus aeglefinus)
- 2301.20Fish meal and pellets
- 0302.52Fish of the families Bregmacerotidae, Euclichthyidae: haddock (Melanogrammus aeglefinus)
- 7601.20Unwrought aluminium alloys
- 3002.15Immunological products, dosed or retail
- 1605.21Prepared shrimp (not airtight)
- 0302.51Cod (Gadus morhua, Gadus ogac, Gadus macrocephalus)
- 0304.44Fish of the families Bregmacerotidae, Euclichthyidae, Gadidae, Macrouridae, Melanonidae, Merlucciidae, Moridae and Muraenolepididae
- 1605.29Other prepared shrimp (airtight)
Data up to August 2026 (provisional) · HMRC
Iceland and the EU
Agreement or scheme: EEA - European Economic Area · EU–Iceland agreement · European Economic Area - Iceland
What the EU imports from Iceland
- 7601.20Unwrought aluminium alloys
- 7601.10Unwrought aluminium, not alloyed
- 0304.44Fish of the families Bregmacerotidae, Euclichthyidae, Gadidae, Macrouridae, Melanonidae, Merlucciidae, Moridae and Muraenolepididae
- 0302.14Fresh or chilled Atlantic salmon
- 7605.11Aluminium wire rod over 7 mm
- 0305.62Cod (Gadus morhua, Gadus ogac, Gadus macrocephalus)
- 0304.71Frozen cod fillets
- 0302.51Cod (Gadus morhua, Gadus ogac, Gadus macrocephalus)
- 0304.73Frozen fillets of fish of the families Bregmacerotidae: coalfish (Pollachius virens)
- 7202.21Ferro-silicon (over 55% Si)
Data up to August 2026 (provisional) · Eurostat Comext
Top exports
- 7601.10Unwrought aluminium, not alloyed
- 7601.20Unwrought aluminium alloys
- 0304.44Fish of the families Bregmacerotidae, Euclichthyidae, Gadidae, Macrouridae, Melanonidae, Merlucciidae, Moridae and Muraenolepididae
- 0304.71Frozen cod fillets
- 0302.14Fresh or chilled Atlantic salmon
- 9021.39Other artificial body parts
- 3002.15Immunological products, dosed or retail
- 7605.11Aluminium wire rod over 7 mm
- 2301.20Fish meal and pellets
- 1504.20Fish oil (non-liver)
- 7202.21Ferro-silicon (over 55% Si)
- 9021.31Artificial joints
- 0304.72Frozen fillets of fish of the families Bregmacerotidae: haddock (Melanogrammus aeglefinus)
- 0303.54Frozen mackerel
- 2804.69Other silicon (under 99.99%)
- 0304.73Frozen fillets of fish of the families Bregmacerotidae: coalfish (Pollachius virens)
- 8802.40Aircraft over 15,000 kg
- 0302.51Cod (Gadus morhua, Gadus ogac, Gadus macrocephalus)
- 0304.99Other frozen fish meat
- 0303.31Halibut (Reinhardtius hippoglossoides, Hippoglossus hippoglossus, Hippoglossus stenolepis)
Top imports
- 2818.20Aluminium oxide (alumina)
- 8471.50Computer processing units (desktop CPUs, servers)
- 8545.11Graphite electrodes for furnaces
- 3004.90Other medicines, dosed or for retail sale
- 8545.19Other carbon electrodes
- 2309.90Other animal feed preparations
- 8802.40Aircraft over 15,000 kg
- 8902.00Fishing vessels; factory ships and other vessels for processing or preserving fishery products
- 8517.62Network switching and routing equipment
- 8703.80Electric cars (battery only)
- 8471.80Other computer units
- 8703.60Plug-in hybrid cars (petrol)
- 1504.20Fish oil (non-liver)
- 7308.90Other steel structures and parts
- 8411.12Turbojets, thrust over 25 kN
- 8517.13Smartphones
- 2106.90Other food preparations
- 2202.10Sweetened or flavoured waters (soft drinks)
- 8703.40Hybrid cars, petrol (non-plug-in)
- 8471.30Laptops and portable computers (max 10 kg)
Main buyers from Iceland
Main suppliers of Iceland
Questions and answers
What does Iceland export most?
In 2024, its largest export at the six-digit level was unwrought aluminium, not alloyed (HS 7601.10), worth US$1.7bn.
Does the UK have a trade agreement with Iceland?
Yes: goods from Iceland can enter at preferential rates under the UK–Iceland agreement, duty-free on 88% of tariff lines, provided they meet the rules of origin and come with proof of origin.