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U.S. Imports
$47.5M
U.S. Exports
$70.2M
Surplus of $22.7M (net exporter)
The United States imported $47.5M/month and exported $70.2M/month with Iceland as of February 2026, covering 181 product categories.
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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.
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
Imports
Exports
| Rank | Product | Import value |
|---|---|---|
| 1 | ARTIFICIAL JOINTS AND PARTS AND ACCESSORIES THEROF | $5.9M |
| 2 | ARTIFICIAL JOINTS & PARTS & ACCESSORIES THEROF,NES | $5.7M |
| 3 | FISH MEAT FAM BREGMACEROTIDAE ETC FRESH/CHLL NESOI | $5.4M |
| 4 |
| $4.0M |
| 5 | COD FILLETS, FROZEN | $3.3M |
| 6 | HADDOCK FILLETS, FROZEN | $2.6M |
| 7 | WADDING, GAUZE AND SIMILAR ARTICLES ETC NESOI | $2.3M |
| 8 | FERROSILICON WITH OVER 55 PERCENT SILICON | $1.8M |
| 9 | IMPORTS OF ARTICLES EXPORTED & RETURNED, NO CHANGE | $1.7M |
| 10 | PACIFIC, ATLANTIC, DANUBE SALMON FILLET FRESH/CHLL | $1.3M |
| Rank | Product | Export value |
|---|---|---|
| 1 | CIVILIAN AIRCRAFT, ENGINES, AND PARTS | $51.3M |
| 2 | LOW VALUE EXP SHP; CANADIAN EST LATE RECEIPTS | $4.8M |
| 3 | MACH FOR RECP/CONVR/TRANS/REGN OF VOICE/IMAGE/DATA | $1.2M |
| 4 | SILICONES, IN PRIMARY FORMS | $1.1M |
| 5 |
| AUTOMATIC DATA PROCESSING STORAGE UNITS, N.E.S.O.I |
| $933K |
| 6 | VALUE OF REPAIR/ALTER ARTICLES PREVIOUS IMPORTED | $903K |
| 7 | MOTOR VEHICLES WITH ONLY ELECTRIC MOTOR, NESOI | $545K |
| 8 | CONTROLS ETC W ELECT APPR F ELECT CONT NOV 1000 V | $544K |
| 9 | PASS VEH SPK-IG INT COM RCPR P ENG >1500 NOV 3M CC | $532K |
| 10 | FILTER/PURIFY MACHINE & APPARATUS FOR LIQUID NESOI | $427K |