The fishing industry of Iceland supports most of its commodity export market (60%). It supplies the world export market with 10.5% of its salted, dried, or smoked fish, second only to Norway in volume. Other important exports include aluminum (19%), animal feed (6.3%), iron (2.6%), diatomite, and ferrosilicon.
In 2000 Iceland's imports were distributed among the following categories:
Consumer goods | 19.9% |
Food | 8.1% |
Fuels | 9.2% |
Industrial supplies | 22.2% |
Machinery | 23.4% |
Transportation | 17.0% |
Other | 0.2% |
Principal trading partners in 2000 (in millions of US dollars) were as follows:
COUNTRY | EXPORTS | IMPORTS | BALANCE |
United Kingdom | 367 | 214 | 153 |
Germany | 312 | 283 | 29 |
United States | 236 | 262 | -26 |
Netherlands | 147 | 181 | -34 |
Japan | 100 | 120 | -20 |
Portugal | 108 | n.a. | n.a. |
France | 87 | 90 | -3 |
Spain | 87 | 40 | 47 |
Denmark | 80 | 189 | -109 |
Norway | 76 | 191 | -115 |
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