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Iceland - Trade Balance 2017

Name: Iceland Trade Balance 2017
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

External balance on goods and services · World Bank

$1.2B −$272.9M from 2016 Global rank: 125th

Iceland's trade balance was $1.2B in 2017, decreased +$272.9M from $1.5B in 2016. This was the 125th highest globally.

Global Ranking - 2017▾

Trade Balance by Country - 2017
Rank	Country	Value	YoY
1st	United States	$-543.3B	-8.0%
2nd	India	$-83.8B	-106.7%
3rd	Canada	$-36.2B	-0.3%
4th	United Kingdom	$-33.5B	27.8%
5th	Egypt, Arab Republic of	$-31.8B	-0.1%
6th	Pakistan	$-30.6B	-35.1%
7th	Philippines	$-29.8B	-10.8%
8th	Türkiye	$-26.4B	-88.8%
9th	Mexico	$-22.9B	0.0%
10th	France	$-20.0B	-133.6%
11th	Algeria	$-17.4B	24.8%
12th	Argentina	$-17.0B	-194.1%
13th	Colombia	$-15.6B	18.6%
14th	Lebanon	$-13.0B	-5.1%
15th	Bangladesh	$-12.8B	-38.3%
16th	Morocco	$-10.6B	1.4%
17th	Jordan	$-8.7B	-9.9%
18th	Ukraine	$-8.7B	-35.0%
19th	Kenya	$-8.6B	-37.9%
20th	Nepal	$-8.4B	-33.1%
21st	Guatemala	$-6.5B	-11.1%
22nd	Yemen, Republic of	$-6.3B	5.8%
23rd	Sri Lanka	$-6.3B	-5.2%
24th	West Bank and Gaza	$-6.0B	-5.3%
25th	Romania	$-5.2B	-166.2%
26th	Tunisia	$-5.2B	-11.9%
27th	El Salvador	$-4.1B	-5.5%
28th	Uzbekistan	$-3.9B	-0.1%
29th	Syrian Arab Republic	$-3.7B	-22.4%
30th	Honduras	$-3.6B	-15.7%
31st	Turkmenistan	$-3.3B	49.0%
32nd	Somalia, Fed. Rep.	$-3.2B	-16.6%
33rd	Mozambique	$-3.1B	34.4%
34th	Haiti	$-3.0B	-18.2%
35th	Bolivia, Plurinational State of	$-3.0B	-18.4%
36th	Serbia	$-3.0B	-47.4%
37th	Bosnia and Herzegovina	$-2.9B	-4.3%
38th	Zimbabwe	$-2.9B	-25.1%
39th	Senegal	$-2.9B	-39.0%
40th	Greece	$-2.7B	-5.8%
41st	Cambodia	$-2.5B	3.9%
42nd	Kyrgyz Republic	$-2.5B	-6.2%
43rd	Sudan	$-2.3B	-3.0%
44th	Moldova	$-2.2B	-20.7%
45th	Mali	$-2.1B	10.7%
46th	Albania	$-2.0B	2.0%
47th	Dominican Republic	$-1.9B	24.9%
48th	Nicaragua	$-1.9B	11.4%
49th	Guam	$-1.9B	1.8%
50th	Kosovo	$-1.8B	-1.1%
51st	Tajikistan	$-1.8B	12.0%
52nd	Namibia	$-1.8B	29.8%
53rd	Malawi	$-1.8B	-
54th	Georgia	$-1.8B	22.6%
55th	Ghana	$-1.7B	45.3%
56th	North Macedonia	$-1.6B	1.3%
57th	New Caledonia	$-1.6B	8.8%
58th	Niger	$-1.5B	-19.4%
59th	Congo, Democratic Republic of	$-1.4B	36.7%
60th	Armenia	$-1.2B	-37.1%
61st	Guinea	$-1.2B	73.0%
62nd	Lesotho	$-1.2B	-25.3%
63rd	Virgin Islands (US)	$-1.2B	-61.0%
64th	Rwanda	$-1.2B	28.0%
65th	Montenegro	$-1.1B	-15.8%
66th	Uganda	$-1.1B	41.8%
67th	Tanzania	$-951.3M	29.7%
68th	French Polynesia	$-902.1M	-14.0%
69th	Cameroon	$-901.3M	2.7%
70th	Burkina Faso	$-897.8M	-15.4%
71st	Benin	$-897.4M	-101.2%
72nd	Mauritius	$-872.1M	-62.2%
73rd	Timor-Leste	$-852.9M	3.7%
74th	Sierra Leone	$-794.6M	12.0%
75th	Panama	$-711.2M	-30.1%
76th	Ecuador	$-675.4M	-227.1%
77th	Mauritania	$-666.7M	-96.5%
78th	Curaçao	$-623.5M	-57.8%
79th	Bahamas, The	$-607.7M	-238.9%
80th	Bhutan	$-515.6M	1.2%
81st	Togo	$-485.7M	38.4%
82nd	Central African Republic	$-468.8M	-23.0%
83rd	Madagascar	$-466.2M	-48.5%
84th	Zambia	$-414.0M	40.3%
85th	Cabo Verde	$-317.8M	-38.2%
86th	Gambia, The	$-282.5M	-51.0%
87th	American Samoa	$-264.0M	-25.7%
88th	Tonga	$-201.0M	-23.2%
89th	Maldives	$-182.7M	-259.3%
90th	Comoros	$-176.3M	-10.3%
91st	Kiribati	$-165.0M	-2.4%
92nd	Seychelles	$-161.2M	-1.1%
93rd	Djibouti	$-159.4M	-10.4%
94th	Micronesia, Federated States of	$-151.0M	-0.7%
95th	Samoa	$-130.0M	12.8%
96th	Latvia	$-127.6M	-189.4%
97th	Marshall Islands	$-100.3M	-14.6%
98th	Palau	$-91.0M	-34.3%
99th	Vanuatu	$-89.8M	2.6%
100th	Greenland	$-80.5M	31.0%
101st	Cyprus	$-78.1M	-119.1%
102nd	Belgium	$-76.5M	-109.0%
103rd	Solomon Islands	$-71.1M	15.4%
104th	Guinea-Bissau	$-56.5M	32.8%
105th	Eswatini	$-25.3M	-156.0%
106th	Nauru	$-24.1M	2.5%
107th	Aruba	$17.2M	-44.8%
108th	Antigua and Barbuda	$17.9M	-85.0%
109th	Belize	$43.3M	202.6%
110th	Northern Mariana Islands	$112.0M	196.6%
111th	Belarus	$115.7M	227.2%
112th	Congo, Republic of	$154.8M	103.7%
113th	Faroe Islands	$163.7M	28.7%
114th	Costa Rica	$274.4M	36.5%
115th	Mongolia	$275.6M	257.7%
116th	Croatia	$330.4M	-43.0%
117th	San Marino	$362.4M	-5.0%
118th	Chad	$411.3M	151.0%
119th	Botswana	$630.7M	-52.3%
120th	Finland	$999.8M	139.7%
121st	Estonia	$1.1B	38.6%
122nd	Lithuania	$1.1B	250.1%
123rd	Slovak Republic	$1.2B	-28.3%
124th	Côte d'Ivoire	$1.2B	9.3%
125th	Iceland	$1.2B	-17.9%
126th	Cayman Islands	$1.6B	-
127th	Brunei Darussalam	$1.7B	25.6%
128th	Chile	$1.8B	433.3%
129th	Bermuda	$1.8B	-1.4%
130th	Equatorial Guinea	$1.9B	62.4%
131st	Oman	$2.0B	1,286.2%
132nd	New Zealand	$2.0B	31.7%
133rd	Paraguay	$2.1B	-12.9%
134th	Portugal	$2.4B	-2.9%
135th	Bulgaria	$2.6B	-3.0%
136th	Iran, Islamic Republic of	$2.6B	-26.7%
137th	Azerbaijan	$2.7B	160.0%
138th	Cuba	$2.8B	13.2%
139th	Malta	$2.9B	83.4%
140th	Bahrain	$3.0B	6.2%
141st	Hong Kong SAR, China	$3.4B	-53.0%
142nd	Uruguay	$3.6B	15.0%
143rd	Gabon	$3.8B	50.7%
144th	Peru	$4.1B	1,225.3%
145th	Australia	$4.1B	114.1%
146th	Slovenia	$4.4B	14.1%
147th	South Africa	$4.4B	199.1%
148th	Angola	$4.4B	221.3%
149th	Libya	$4.6B	177.0%
150th	Kuwait	$5.5B	662.3%
151st	Israel	$6.0B	17.1%
152nd	Viet Nam	$7.2B	-0.7%
153rd	Hungary	$9.3B	-13.0%
154th	Sweden	$9.5B	-24.0%
155th	Indonesia	$10.1B	43.9%
156th	Austria	$12.8B	-13.1%
157th	Kazakhstan	$13.3B	186.8%
158th	Brazil	$14.8B	106.5%
159th	Poland	$14.9B	6.8%
160th	Iraq	$15.1B	455.0%
161st	Czechia	$16.9B	11.1%
162nd	Norway	$17.5B	70.9%
163rd	Luxembourg	$20.8B	-0.8%
164th	Denmark	$21.5B	14.0%
165th	Malaysia	$21.9B	9.4%
166th	Qatar	$23.0B	157.9%
167th	Macao SAR, China	$23.1B	25.9%
168th	Puerto Rico (US)	$25.2B	-11.5%
169th	Japan	$37.5B	-7.1%
170th	Saudi Arabia	$38.5B	1,432.1%
171st	Spain	$48.0B	-2.6%
172nd	Italy	$53.1B	-11.0%
173rd	Thailand	$56.8B	1.3%
174th	Switzerland	$63.1B	-8.9%
175th	Korea	$77.1B	-22.9%
176th	Ireland	$82.5B	44.9%
177th	Russian Federation	$83.5B	26.0%
178th	Netherlands	$90.9B	5.0%
179th	Singapore	$91.7B	9.3%
180th	United Arab Emirates	$96.8B	7.7%
181st	China	$215.7B	-15.6%
182nd	Germany	$261.7B	1.9%

FAQ

What was Iceland's trade balance in 2017?▾

Iceland's trade balance in 2017 was $1.2B. This ranked 125th globally.

How did Iceland's trade balance change in 2017?▾

Iceland's trade balance decreased by 17.9% in 2017 compared to 2016.

Which country had the highest trade balance in 2017?▾

Germany had the highest trade balance in 2017 at $261.7B.

What is the trade balance of Iceland in 2017?▾

The trade balance of Iceland in 2017 was $1.2B. This ranked 125th globally.

What was Iceland's trade balance in billion in 2017?▾

Iceland's trade balance in 2017 was approximately 1.25 billion ($1.2B).

How does 2017 compare to 2016 for Iceland's trade balance?▾

Iceland's trade balance went from $1.5B in 2016 to $1.2B in 2017, a 17.9% decrease.

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