Russian trade with Iceland in the 1st quarter of 2016
August 04, 2016
by Russian Foreign Trade
based on data from the Federal Customs Service of Russia
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 $151,649.
| HS code |
Name of product group | Value of exports in Q1 2016, US dollars ($) |
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 $11,634.
| HS code |
Name of product group | Value of imports in Q1 2016, US dollars ($) |
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 |