Iceland Trade '22

Industrial property Agricultural products Transport Nonagricultural products Other commercial services Travel Merchandise trade Trade in commercial services

Trade Profiles 2022

GDP (million current US$, 2021) 498 891 Rank in world trade, 2021 Exports Imports GDP per capita (US$, 2019-2021) 88 346 Merchandise 32 36 Current account balance (% GDP, 2021) 13.9 excluding intra-EU trade -Trade per capita (US$, 2019-2021) 105 839 Commercial services 5 4 Trade (% GDP, 2019-2021) 119.8 excluding intra-EU trade -Value Million US$ 2021 190 319 119 496 2021 2021 0.85 0.53 Breakdown in economy's total exports Breakdown in economy's total imports Value Value Top exported products (Million US$) 2020 Top imported products (Million US$) 2020 HS1901 Malt extract 1 984 HS1905 Bread, pastry, other bakers' wares 583 HS0201 Bovine meat, fresh, chilled 1 800 HS0101 Live horses, asses, mules, hinnies 459 HS0406 Cheese and curd 1 177 HS2309 Preparations of a kind used in animal feeding 413 HS2208 Alcohol of less than 80% volume 1 167 HS1806 Chocolate and other cocoa food 409 HS0405 Butter and other fats and oils 1 159 HS2204 Wine of fresh grapes 393 Share in economy's trade in agricultural products Value Million US$ 2020 2010-2020 2019 2020 Exports 15 124 3 1 0 Imports 10 956 4 -4 5 Value Value Top exported products (Million US$) 2020 Top imported products (Million US$) 2020 HS3002 Human and animal blood 41 647 HS8802 Other aircraft 14 726 HS3004 Medicaments in measured doses 22 269 HS2933 Heterocyclic compounds nitrogen 6 155 HS2933 Heterocyclic compounds nitrogen 20 370 HS8471 Automatic data-processing machines 4 003 HS2934 Nucleic acids and their salts, whet 9 582 HS3004 Medicaments in measured doses 3 970 HS3302 Odoriferous substances and mixture 8 279 HS3002 Human and animal blood 3 947 Share in economy's trade in non-agricultural products Value Million US$ 2020 2010-2020 2019 2020 Exports 167 875 5 2 9 Imports 84 985 5 -5 -4

MERCHANDISE

Merchandise exports, f.o.b. 5 6 6 Merchandise imports, c.i.f. Annual percentage change 2010-2021 2020 2021 6 -1 20 Share in world total imports (%) By main commodity group, % (2020) Share in world total exports (%) By main commodity group, % (2020) By main destination, % (2020) By main origin, % (2020) Annual percentage change Annual percentage change 0% 10% 20% 30% HS3002 HS3004 HS2933 HS2934 HS3302 Exports 0% 10% 20% HS8802 HS2933 HS8471 HS3004 HS3002 Imports 0% 2% 4% 6% HS1905 HS0101 HS2309 HS1806 HS2204 Imports 0% 10% 20% HS1901 HS0201 HS0406 HS2208 HS0405 Exports Agricultural products: 8.6 Fuels and mining products: 1.1 Manufactures: 89.9 Other: 0.3 Agricultural products: 11.5 Fuels and mining products: 5 Manufactures: 81.8 Other: 1.8 European Union: 39.3 United States of America: 30.9 United Kingdom: 9 China: 6.2 Switzerland: 2 Other: 12.6 European Union: 33.4 United Kingdom: 22.9 United States of America: 15.1 China: 7.1 Switzerland: 4.8 Other: 16.7 Ireland 178 World Trade Organization – Trade Profiles 2022

Value Million US$ 2021 337 338 341 393 2021 2021 5.63 6.16 Breakdown in economy's total exports Breakdown in economy's total imports Value FATS sales 2019 Inward (million US$) 221 458 Outward (million US$) 100 589 Value Million US$ 2021 Exports 2 963 Imports 5 437 Exports Value Imports Value Share (%) By sea (2021) 179 By sea (2021) 2 657 48.9 By air (2021) 2 784 By air (2021) 1 516 27.9 By other (2021) 0 By other (2021) 1 264 23.3 Value Million US$ 2021 Exports 907 Imports 1 068 Million US$ Value 2021 Other commercial services Exports 331 181 Imports 325 082 2021 Goods-related services Exports 2 286 Imports 9 806 Residents Total Residents Total Residents Total 75 54 129 1 758 1 621 3 379 59 8 67 Non-residents Non-residents Non-residents Other Commercial Services and Goods-related Services 2020 13 22 Annual percentage change 2010-2021 2021 2010-2021 2020 2021 -26 5 14 Exports of OCS by main item (2021) Patent applications, 2020 Trademark applications, 2020 Industrial design applications, 2020 Transport Annual percentage change 2010-2021 2020 2021 -4 -68 -13 -16 -71 -52 -71 -55 INDUSTRIAL PROPERTY 20 20 16 -3 -6 11 By main services item, % (2021) By main destination, % (2020) Share in world total exports (%) Share in world total imports (%) Annual percentage change 8 21 11 2010-2021 2020 -2 Commercial services exports Commercial services imports 13 2021

COMMERCIAL SERVICES Share (%) 6.0 94.0 0.0 15 44 -7 17 -1 -11 2010-2019 2018 2019 Annual percentage change By main services item, % (2021) By main origin, % (2020) Travel exports (Index 2010=100) 0 35 2020 Travel 2021 2010-2021 Transport exports (Index 2010=100) 2 10 -6 22 Annual percentage change 0 100 200 2010 2014 2018 2021 Ireland World 0 100 200 2010 2014 2018 2021 Ireland World Transport: 0.9 Travel: 0.3 Other commercial services: 98.2 Goods-related services: 0.7 Transport: 1.6 Travel: 0.3 Other commercial services: 95.2 Goods-related services: 2.9 European Union: 30.6 United Kingdom: 14.3 United States of America: 13.5 Japan: 4.2 China: 2.9 Other: 34.5 United States of America: 35 European Union: 11.7 United Kingdom: 6.6 Singapore: 3.2 Switzerland: 1.9 Other: 41.6 60.8 16.7 7.8 14.7 ICTs Other business services Financial services Other Ireland 179 World Trade Organization – Trade Profiles 2022

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