Russian foreign trade
reports and reviews

Russian trade with Iceland in the 1st quarter of 2016

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia
The Report on Russia's foreign trade in goods with Iceland in the first quarter of 2016: exports, imports, products, dynamics.

Russia's Trade with Iceland

In the 1st quarter of 2016, Russia's trade with Iceland was $10,354,452, down 74.75% ($30,660,545) from the 1st quarter of 2015.

Russia's exports to Iceland in the 1st quarter of 2016 totaled $6,675,158, up 82.03% ($3,008,001) from the 1st quarter of 2015.

Russia's imports from Iceland in the 1st quarter of 2016 were $3,679,294, down 90.15% ($33,668,546) from the 1st quarter of 2015.

Russia's trade with Iceland went from a deficit of $33,680,683 in the 1st quarter of 2015, to a surplus of $2,995,864 in the 1st quarter of 2016.

Iceland was Russia's 121st largest trading partner in the 1st quarter of 2016 (down from 98th in the 1st quarter of 2015), accounting for 0.0106% of Russia's total trade (down from 0.0310% in the 1st quarter of 2015).

Iceland was Russia's 117th largest export market in the 1st quarter of 2016 (up from 124th in the 1st quarter of 2015), accounting for 0.0109% of Russia's total exports (up from 0.0041% in the 1st quarter of 2015).

Iceland was Russia's 101st largest supplier in the 1st quarter of 2016 (down from 69th in the 1st quarter of 2015), accounting for 0.0102% of Russia's total imports (down from 0.0889% in the 1st quarter of 2015).

Russia's Exports to Iceland

The major share of Russian exports to Iceland in the 1st quarter of 2016 (and in the 1st quarter of 2015) was accounted for the following product types:

  • Chemical products (HS codes 28-40) - 49.56% of Russia's total exports to Iceland (57.53% in the 1st quarter of 2015);
  • Metals and products from them (HS codes 72-83) - 15.63% of Russia's total exports to Iceland (5.69% in the 1st quarter of 2015);
  • Mineral products (HS codes 25-27) - 14.51% of Russia's total exports to Iceland (15.88% in the 1st quarter of 2015);
  • Food products and agricultural raw materials (HS codes 01-24) - 11.16% of Russia's total exports to Iceland (0.73% in the 1st quarter of 2015);
  • Machinery, equipment and vehicles (HS codes 84-90) - 5.16% of Russia's total exports to Iceland (6.45% in the 1st quarter of 2015);
  • Wood and wood products (HS codes 44-49) - 3.43% of Russia's total exports to Iceland (13.49% in the 1st quarter of 2015).

The largest gains in Russia's exports to Iceland in the 1st quarter of 2016 over the 1st quarter of 2015 were recorded for the following product groups:

  • Fertilizers (HS code 31) - an increase of $1,165,370;
  • Articles of iron or steel (HS code 73) - an increase of $819,997;
  • Cereals (HS code 10) - an increase of $642,448;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $386,200;
  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $254,761;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $44,176;
  • Residues and waste from the food industries; prepared animal feed (HS code 23) - an increase of $32,020.

The largest declines in Russia's exports to Iceland in the 1st quarter of 2016 over the 1st quarter of 2015 were recorded for the following product groups:

  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $264,867;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $151,649.
Russia's exports to Iceland in the 1st quarter of 2016 by product groups
HS
code
Name of product group Value of exports
in Q1 2016,
US dollars ($)
Percent share
in total export
in Q1 2016
Percent change
in Q1 2016
over Q1 2015
03 Fish and crustaceans, molluscs and other aquatic invertebrates 44,176 0.66
10 Cereals 642,448 9.62
23 Residues and waste from the food industries; prepared animal feed 32,020 0.48
24 Tobacco and manufactured tobacco substitutes 26,603 0.40 0.00
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 0 0.00 -100.00
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 968,302 14.51 66.35
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 23 0.00
31 Fertilizers 3,238,391 48.51 56.22
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 6,026 0.09 32.59
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 13 0.00 -38.10
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 1,442 0.02 34.89
35 Albuminoidal substances; modified starches; glues; enzymes 67 0.00 21.82
38 Miscellaneous chemical products 306 0.00 25.93
39 Plastics and articles thereof 35,367 0.53 130.19
40 Rubber and articles thereof 26,559 0.40 73.42
44 Wood and articles of wood; wood charcoal 227,210 3.40 -53.83
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 1,417 0.02 -42.95
52 Cotton 189 0.00 96.88
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 14,337 0.21
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 322 0.00 2,200.00
61 Articles of apparel and clothing accessories, knitted or crocheted 3,434 0.05 134.24
62 Articles of apparel and clothing accessories, not knitted or crocheted 1,538 0.02 -45.13
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 1,469 0.02 15.85
64 Footwear, gaiters and the like; parts of such articles 593 0.01 -32.31
65 Headgear and parts thereof 145 0.00 -35.27
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 13,777 0.21 2,494.54
69 Ceramic products 417 0.01 95.77
72 Iron and steel 2,745 0.04 688.79
73 Articles of iron or steel 1,027,906 15.40 394.40
74 Copper and articles thereof 752 0.01 51.00
76 Aluminum and articles thereof 260 0.00 566.67
78 Lead and articles thereof 31 0.00 -31.11
83 Miscellaneous articles of base metal 11,963 0.18
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 3,691 0.06 84.55
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 255,856 3.83 23,265.84
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 2,875 0.04
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 81,744 1.22 -64.98
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 707 0.01 -43.12
96 Miscellaneous manufactured articles 37 0.00 2.78

Russia's Imports from Iceland

The major share of Russian imports from Iceland in the 1st quarter of 2016 (and in the 1st quarter of 2015) was accounted for the following product types:

  • Chemical products (HS codes 28-40) - 42.10% of Russia's total imports from Iceland (4.29% in the 1st quarter of 2015);
  • Food products and agricultural raw materials (HS codes 01-24) - 22.65% of Russia's total imports from Iceland (92.23% in the 1st quarter of 2015);
  • Machinery, equipment and vehicles (HS codes 84-90) - 20.95% of Russia's total imports from Iceland (3.42% in the 1st quarter of 2015);
  • Metals and products from them (HS codes 72-83) - 14.17% of Russia's total imports from Iceland (0.01% in the 1st quarter of 2015).

The largest gains in Russia's imports from Iceland in the 1st quarter of 2016 over the 1st quarter of 2015 were recorded for the following product groups:

  • Iron and steel (HS code 72) - an increase of $512,201;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $245,512;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $231,328;
  • Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - an increase of $101,664;
  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - an increase of $51,505;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $29,445.

The largest declines in Russia's imports from Iceland in the 1st quarter of 2016 over the 1st quarter of 2015 were recorded for the following product groups:

  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $33,465,250;
  • Ships, boats and floating structures (HS code 89) - a decrease of $978,908;
  • Meat and edible meat offal (HS code 02) - a decrease of $333,183;
  • Plastics and articles thereof (HS code 39) - a decrease of $63,481;
  • Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - a decrease of $11,634.
Russia's imports from Iceland in the 1st quarter of 2016 by product groups
HS
code
Name of product group Value of imports
in Q1 2016,
US dollars ($)
Percent share
in total import
in Q1 2016
Percent change
in Q1 2016
over Q1 2015
02 Meat and edible meat offal 42,499 1.16 -88.69
03 Fish and crustaceans, molluscs and other aquatic invertebrates 0 0.00 -100.00
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 2,572 0.07
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 72,105 1.96 250.02
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 686,642 18.66 17.38
22 Beverages, spirits and vinegar 29,445 0.80
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 0 0.00 -100.00
30 Pharmaceutical products 1,511,242 41.07 -0.16
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 5,881 0.16 69.19
34 Soap, organic surface-active agents, washing preparations, lubricating preparations, artificial waxes, prepared waxes, polishing or scouring preparations, candles and similar articles, modeling pastes, "dental waxes" and dental preparations with a basis of plaster 8,556 0.23
38 Miscellaneous chemical products 1,041 0.03
39 Plastics and articles thereof 22,207 0.60 -74.08
40 Rubber and articles thereof 60 0.00 -91.78
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 83 0.00
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0 0.00 -100.00
51 Wool, fine or coarse animal hair; horsehair yarn and woven fabric 2,310 0.06 444.81
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0 0.00 -100.00
60 Knitted or crocheted fabrics 1,106 0.03
61 Articles of apparel and clothing accessories, knitted or crocheted 1,466 0.04 -38.48
72 Iron and steel 512,201 13.92
73 Articles of iron or steel 5,965 0.16 93.98
74 Copper and articles thereof 1,559 0.04
76 Aluminum and articles thereof 482 0.01
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 1,162 0.03 654.55
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 336,863 9.16 268.76
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 7,538 0.20 -39.13
89 Ships, boats and floating structures 0 0.00 -100.00
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 426,309 11.59 118.64
td
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Russian foreign trade statistics
Source: Federal Customs Service of Russia