This article presents Iceland's international trade in goods and services using balance-of-payments export and import indicators.
Goods exports from Iceland were valued at $7.40 billion in 2025, while service exports totaled $8.16 billion. Goods represented 47.6% of total exports and services accounted for 52.4%. Goods imports reached $10.41 billion, compared with service imports of $5.98 billion. The goods trade balance was -$3.01 billion, and the services trade balance was $2.19 billion.
Iceland Goods and Services Trade by Year
Data source: World Bank, World Development Indicators — Goods exports, BoP, current US$ (BX.GSR.MRCH.CD); Goods imports, BoP, current US$ (BM.GSR.MRCH.CD); Service exports, BoP, current US$ (BX.GSR.NFSV.CD); Service imports, BoP, current US$ (BM.GSR.NFSV.CD); Net trade in goods and services, BoP, current US$ (BN.GSR.GNFS.CD).
License: CC BY-4.0. Retrieved 2026-07-12.
About the Indicators
Goods exports, balance of payments, current US$. The value of merchandise (physical goods) sold abroad, as recorded in the balance of payments.
Goods imports, balance of payments, current US$. The value of merchandise (physical goods) purchased from abroad, as recorded in the balance of payments.
Service exports, balance of payments, current US$. The value of services sold abroad (transport, travel, financial, IT and other services), as recorded in the balance of payments.
Service imports, balance of payments, current US$. The value of services purchased from abroad, as recorded in the balance of payments.
Net trade in goods and services, balance of payments, current US$. Exports minus imports of goods and services, as recorded in the balance of payments.