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U.S. Imports
$51.7M
U.S. Exports
$30.7M
Deficit of $21.1M (net importer)
The United States imported $51.7M/month and exported $30.7M/month with Iceland as of April 2026, covering 277 product categories.
In April 2026, the U.S. ran a monthly goods trade deficit of $21.1M with Iceland, importing 1.7× as much as it exported.
Iceland is a North Atlantic island nation whose trade profile is dominated by fish and seafood exports, aluminum, and ferrosilicon, leveraging its abundant geothermal and hydroelectric energy. It is a member of the European Economic Area (EEA) and EFTA, giving it access to EU single market rules without full EU membership. Iceland is a significant supplier of marine products to the United States and European markets.
AI-written summary of the official U.S. Census Bureau trade figures on this page — verify before relying on it.
Iceland's top exports are fish and seafood (cod, haddock, capelin, shrimp), aluminum, ferrosilicon, and pharmaceutical products, with the EU, United States, and United Kingdom as leading markets.
The United States and Iceland do not have a bilateral free trade agreement; trade is conducted under WTO MFN terms, though both countries are engaged in broader EFTA-related discussions.
Iceland is not an EU member but participates in the EEA, meaning it adopts most EU single market rules including product standards and regulations, though it maintains its own customs territory and tariff schedule.
Full import breakdown with all product categories
Full export breakdown with monthly trends
24-month import and export trend charts
EU customs territory, FTA coverage, and tariff treatment for Iceland
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Annual data from BEA | 2024
Services Exports
$467.0M
Services Imports
$2.1B
| Rank | Product | Import value |
|---|---|---|
| 1 | FISH MEAT FAM BREGMACEROTIDAE ETC FRESH/CHLL NESOI | $5.6M |
| 2 | HADDOCK FILLETS, FROZEN | $4.9M |
| 3 | FISH FILLETS FAM BREGMACEROTIDAE ETC FRESH/CHILLED | $4.8M |
| 4 | COD FILLETS, FROZEN | $4.3M |
| 5 | ARTIFICIAL JOINTS & PARTS & ACCESSORIES THEROF,NES | $4.2M |
| Rank | Product | Export value |
|---|---|---|
| 1 | MACH FOR RECP/CONVR/TRANS/REGN OF VOICE/IMAGE/DATA | $10.3M |
| 2 | LOW VALUE EXP SHP; CANADIAN EST LATE RECEIPTS | $4.5M |
| 3 | VALUE OF REPAIR/ALTER ARTICLES PREVIOUS IMPORTED | $3.2M |
| 4 | SILICONES, IN PRIMARY FORMS | $839K |
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| 5 |
| AUTOMATIC DATA PROCESSING STORAGE UNITS, N.E.S.O.I |
| $757K |