Iceland Customs Status & U.S. Trade Treatment

At a glance

U.S. trade agreement

None

Average duty rate, August 2026

1.40%

Duty on U.S. imports

$974K

U.S. imports / exports

$69.8M / $57.4M a month

Agreements per the U.S. Trade Representative; customs territory per the European Commission. Duty is what the Census Bureau calculates for the month, not what was paid; a product's rate can differ widely from the country average.

Top U.S. imports from Iceland

These 5 make up 50% of U.S. imports from Iceland in the latest month.

1. US-Origin Articles Exported & Returned Without Advancement HS 980100$9.3M
2. Fresh or Chilled Atlantic Salmon & Danube Salmon HS 030214$8.5M
3. Artificial Joints, Parts & Accessories HS 902131$6.0M
4. Fresh or Chilled Gadidae & Related Family Fish Meat (Excluding Fillets) HS 030453$5.9M
5. Other Artificial Body Parts, Parts & Accessories (NESOI) HS 902139$5.4M

Top U.S. exports to Iceland

These 5 make up 76% of U.S. exports to Iceland in the latest month.

1. Digital Processing Units (CPUs), NESOI HS 847150$23.1M
2. Civilian Aircraft, Engines, Equipment, and Parts HS 880000$10.6M
3. Low-Value Export Shipments & Canadian Estimated Late Receipts HS 988000$4.9M
4. Machines for Reception, Conversion, Transmission or Regeneration of Voice, Images, or Data HS 851762$3.3M
5. Frozen Cold-Water Shrimps and Prawns HS 030616$1.6M

Trade overview

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.