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Iceland chemical trade

Chemicals, plastics and rubber (HS chapters 28 to 40) that Iceland exported and imported, as reported by its trade partners, with its largest HS codes and partner countries.

Suppliers in Iceland
Exports in 2024
$517M
+188% vs 2023
Imports in 2024
$983M
+16.5% vs 2023
Trade balance
−$466M
Net importer
World exporter rank
#86
<0.1% of world chemical exports

Iceland does not publish detailed six digit trade figures. Its figures for 2019 to 2024 are mirror data, built from what the 28 major economies reported about their trade with Iceland, so treat them as a lower bound.

Trend

Iceland's chemical exports and imports per year, 2019 to 2024, partly or fully as reported by its trade partners.

Exports$517M in 2024Imports$983M in 2024
$0
$250M
$500M
$750M
$1B
Iceland chemical exports and imports by year, US dollars
Show the numbers
Iceland chemical exports and imports by year, US dollars
YearExportsImports
2019$78.1M$529M
2020$88.3M$650M
2021$124M$807M
2022$141M$965M
2023$180M$844M
2024$517M$983M

By HS chapter

How Iceland's chemical trade in 2024 splits across chapters 28 to 40.

Exports Imports

Largest HS codes

The chemical HS codes Iceland exported and imported the most in 2024.

Top exports

  1. 13002.15Immunological products, put up in measured doses or in forms or packings for retail saleAt least 10 destinations$368M
  2. 23004.90Medicaments consisting of mixed or unmixed products not elsewhere classified in heading 3004, for therapeutic…At least 20 destinations$31.4M
  3. 32804.69Silicon, otherAt least 8 destinations$26.3M
  4. 43005.90Wadding, gauze, bandages and similar articles (for example, dressings, adhesive…At least 8 destinations$13.3M
  5. 52937.19Polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and…At least 1 destination$8.85M
  6. 63913.90Polymers, natural and modified natural in primary forms (excluding alginic acid, its salts and esters)At least 20 destinations$8.31M
  7. 73002.14Immunological products, mixed, not put up in measured doses or in forms or packings for…At least 9 destinations$7.44M
  8. 83304.99Beauty or make-up preparations and preparations for the care of the skin (other than…At least 18 destinations$6.84M
  9. 93801.90Graphite or other carbon based preparations in the form of pastes, blocks, plates or other semi-manufacturesAt least 2 destinations$6.47M
  10. 102937.90Derivatives and structural analogues thereof, including chain modified polypeptides, used primarily as…At least 2 destinations$4.62M
  11. 113002.59Cell cultures, whether or not modified, otherAt least 1 destination$3.38M
  12. 123502.20Milk albumin, including concentrates of two or more whey proteinsAt least 2 destinations$3.02M

Top imports

  1. 12818.20Aluminium oxide, other than artificial corundumAt least 6 supplying countries$569M
  2. 23004.90Medicaments consisting of mixed or unmixed products not elsewhere classified in heading 3004, for therapeutic…At least 15 supplying countries$32M
  3. 33822.19Diagnostic or laboratory reagents on a backing, prepared diagnostic or laboratory reagents whether or not on…At least 13 supplying countries$23.2M
  4. 43926.90Plastics, other articles not elsewhere classified in chapter 39At least 23 supplying countries$19.5M
  5. 53002.15Immunological products, put up in measured doses or in forms or packings for retail saleAt least 10 supplying countries$18.5M
  6. 63920.10Plastics plates, sheets, film, foil and strip (not self-adhesive), of polymers of ethylene, non-cellular…At least 16 supplying countries$15.4M
  7. 74011.10New pneumatic tyres, of a kind used on motor cars (including station wagons and racing cars)At least 15 supplying countries$13.2M
  8. 83304.99Beauty or make-up preparations and preparations for the care of the skin (other than…At least 21 supplying countries$11.5M
  9. 93910.00Silicones in primary formsAt least 10 supplying countries$9.84M
  10. 104016.99Vulcanised (other than hard rubber), articles not elsewhere classified in heading 4016, of non-cellular rubberAt least 20 supplying countries$7.87M
  11. 113402.50Preparations put up for retail saleAt least 13 supplying countries$7.25M
  12. 123923.30Carboys, bottles, flasks and similar articlesAt least 16 supplying countries$6.28M

Main partner countries

Where Iceland's chemicals went and came from in 2024, among the 28 major reporting economies. Based on the top 10 partners for each HS code.

Exports to

  1. 1
    United States
    $314M
    60.7% of exports
  2. 2
    Germany
    $78.1M
    15.1% of exports
  3. 3
    United Kingdom
    $55.6M
    10.8% of exports
  4. 4
    Poland
    $15.1M
    2.9% of exports
  5. 5
    Netherlands
    $14.9M
    2.9% of exports
  6. 6
    Canada
    $14.9M
    2.9% of exports
  7. 7
    Italy
    $8.72M
    1.7% of exports
  8. 8
    Spain
    $3.94M
    0.8% of exports
  9. 9
    Czech Republic
    $2.51M
    0.5% of exports
  10. 10
    China
    $1.95M
    0.4% of exports

Imports from

  1. 1
    Brazil
    $309M
    31.5% of imports
  2. 2
    Australia
    $193M
    19.6% of imports
  3. 3
    Netherlands
    $106M
    10.8% of imports
  4. 4
    Germany
    $100M
    10.2% of imports
  5. 5
    United Kingdom
    $68.2M
    6.9% of imports
  6. 6
    Ireland
    $53.5M
    5.4% of imports
  7. 7
    United States
    $30.4M
    3.1% of imports
  8. 8
    Belgium
    $27.5M
    2.8% of imports
  9. 9
    Indonesia
    $26.3M
    2.7% of imports
  10. 10
    Poland
    $18.3M
    1.9% of imports

Sourcing from Iceland

Turn the statistics into suppliers and quotes.

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