Trade partner
U.S. Imports
$69.8M
August 2026
U.S. Exports
$57.4M
August 2026
Trade deficit
$12.4M
August 2026 · U.S. imports more than it exports
In August 2026 the United States imported $69.8M from Iceland and exported $57.4M to it, across 374 imported product categories.
Over the twelve months to August 2026, the U.S. imported $685.5M from Iceland and exported $641.4M to it. In August 2026, the U.S. ran a monthly goods trade deficit of $12.4M with Iceland, importing 1.2× as much as it exported. Compared with August 2025, U.S. goods imports from Iceland in August 2026 (preliminary) were 58% lower, and exports to Iceland were 59% higher. U.S. goods imports from Iceland of $69.8M in August 2026 ran 21% above the year-to-date monthly average of $57.7M.
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.
Members only
Import and export trend charts are available to members. Creating an account is free.
The top U.S. imports from Iceland are US-Origin Articles Exported & Returned Without Advancement, Fresh or Chilled Atlantic Salmon & Danube Salmon and Artificial Joints, Parts & Accessories, by value in the latest month.
| Rank | Product | Import value |
|---|---|---|
| 1 | US-Origin Articles Exported & Returned Without AdvancementChapter 98 · Special Classification Provisions | $9.3M |
| 2 | $8.5M | |
| 3 | $6.0M | |
| 4 | $5.9M | |
| 5 | $5.4M | |
| 6 | $4.9M | |
| 7 | $4.4M | |
| 8 | $3.8M | |
| 9 | $2.4M | |
| 10 | $2.2M |
| Rank | Product | Export value |
|---|---|---|
| 1 | $23.1M | |
| 2 | Civilian Aircraft, Engines, Equipment, and PartsChapter 88 · Aircraft, Spacecraft & Parts | $10.6M |
| 3 | Low-Value Export Shipments & Canadian Estimated Late ReceiptsChapter 98 |
| $4.9M |
| 4 | $3.3M |
| 5 | $1.6M |
| 6 | $1.3M |
| 7 | Dutiable Value of Repairs or Alterations on Previously Imported Articles | $1.2M |
| 8 | $684K |
| 9 | $451K |
| 10 | $420K |
Annual data from BEA | 2025
Services Exports
$586.0M
Services Imports
$2.2B