Russian foreign trade
reports and reviews

Russian trade with Iceland in 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 2016: exports, imports, products, dynamics.

Russia’s Trade with Iceland

In 2016, Russia’s trade with Iceland was $51,581,856, down 66.43% ($102,056,952) from 2015.

Russia’s exports to Iceland in 2016 were $31,088,439, down 28.35% ($12,303,619) from 2015.

Russia’s imports from Iceland in 2016 were $20,493,417, down 81.41% ($89,753,333) from 2015.

Russia’s trade balance with Iceland went from a deficit of $66,854,692 in 2015, to a surplus of $10,595,022 in 2016.

Iceland was Russia’s 127th largest trading partner in 2016 (down from 102nd in 2015), accounting for 0.0110% of Russia’s total trade (down from 0.0292% in 2015).

Iceland was Russia’s 122nd largest export market in 2016 (down from 120th in 2015), accounting for 0.0109% of Russia’s total exports (down from 0.0126% in 2015).

Iceland was Russia’s 103rd largest supplier in 2016 (down from 78th in 2015), accounting for 0.0112% of Russia’s total imports (down from 0.0604% in 2015).

Russia’s Exports to Iceland

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

  • Mineral products (HS codes 25-27) - 11.30% of Russia’s total exports to Iceland (7.92% in 2015);
  • Chemical products (HS codes 28-40) - 11.15% of Russia’s total exports to Iceland (5.12% in 2015);
  • Food products and agricultural raw materials (HS codes 01-24) - 5.26% of Russia’s total exports to Iceland (3.10% in 2015);
  • Wood and wood products (HS codes 44-49) - 4.06% of Russia’s total exports to Iceland (3.93% in 2015);
  • Metals and products from them (HS codes 72-83) - 4.02% of Russia’s total exports to Iceland (8.19% in 2015);
  • Machinery, equipment and vehicles (HS codes 84-90) - 2.35% of Russia’s total exports to Iceland (2.52% in 2015);
  • Textiles, textile products and footwear (HS codes 50-67) - 2.16% of Russia’s total exports to Iceland (0.02% in 2015).

The largest gains in Russia’s exports to Iceland in 2016 over 2015 were recorded for the following product groups:

  • Fertilizers (HS code 31) - an increase of $1,165,370;
  • Cereals (HS code 10) - an increase of $463,695;
  • Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - an increase of $446,446;
  • 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;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - an increase of $219,411;
  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $193,972.

The largest declines in Russia’s exports to Iceland in 2016 over 2015 were recorded for the following product groups:

  • Articles of iron or steel (HS code 73) - a decrease of $2,276,108;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $594,742;
  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $442,610;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $207,479;
  • Ores, slag and ash (HS code 26) - a decrease of $115,464;
  • Iron and steel (HS code 72) - a decrease of $112,626.
Russia’s exports to Iceland in 2016 by product groups
HS
code
Name of product group Value of exports
in 2016,
US dollars ($)
Percent share in total export Value of exports
in 2015,
US dollars ($)
Percent change
in 2016
over 2015
03 Fish and crustaceans, molluscs and other aquatic invertebrates 826,021 2.66 1,033,500-20.08
10 Cereals 642,448 2.07 178,753259.41
22 Beverages, spirits and vinegar 8,236 0.03 0
23 Residues and waste from the food industries; prepared animal feed 32,020 0.10 0
24 Tobacco and manufactured tobacco substitutes 126,984 0.41 133,014-4.53
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 0 0.00 707-100.00
26 Ores, slag and ash 170,262 0.55 285,726-40.41
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 3,343,090 10.75 3,149,1186.16
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 280 0.00 0
31 Fertilizers 3,238,391 10.42 2,073,02156.22
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 6,026 0.02 7,766-22.41
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 13 0.00 37-64.86
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 4,958 0.02 2,68085.00
35 Albuminoidal substances; modified starches; glues; enzymes 67 0.00 5521.82
38 Miscellaneous chemical products 6,105 0.02 1,084463.19
39 Plastics and articles thereof 85,537 0.28 49,27873.58
40 Rubber and articles thereof 125,858 0.40 86,96544.72
44 Wood and articles of wood; wood charcoal 1,259,339 4.05 1,701,949-26.01
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 1,417 0.00 2,834-50.00
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 272 0.00 0
52 Cotton 189 0.00 9696.88
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 446,446 1.44 0
59 Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use 322 0.00 142,200.00
61 Articles of apparel and clothing accessories, knitted or crocheted 221,028 0.71 1,61713,569.02
62 Articles of apparel and clothing accessories, not knitted or crocheted 1,538 0.00 3,949-61.05
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 1,469 0.00 1,702-13.69
64 Footwear, gaiters and the like; parts of such articles 593 0.00 1,068-44.48
65 Headgear and parts thereof 145 0.00 236-38.56
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 13,777 0.04 26,644-48.29
69 Ceramic products 417 0.00 21395.77
70 Glass and glassware 39,105 0.13 0
72 Iron and steel 2,745 0.01 115,371-97.62
73 Articles of iron or steel 1,161,639 3.74 3,437,747-66.21
74 Copper and articles thereof 752 0.00 49851.00
76 Aluminum and articles thereof 260 0.00 39566.67
78 Lead and articles thereof 31 0.00 45-31.11
83 Miscellaneous articles of base metal 85,285 0.27 0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 14,377 0.05 48,096-70.11
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 0.82 1,09523,265.84
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 2,875 0.01 0
89 Ships, boats and floating structures 6,370 0.02 0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 451,110 1.45 1,045,852-56.87
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 0.00 1,243-43.12
95 Toys, games and sports requisites; parts and accessories thereof 4,042 0.01 0
96 Miscellaneous manufactured articles 37 0.00 46-19.57
SS Classified 18,500,000 59.51 30 000 000-38.33

Russia’s Imports from Iceland

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

  • Food products and agricultural raw materials (HS codes 01-24) - 35.11% of Russia’s total imports from Iceland (86.58% in 2015);
  • Chemical products (HS codes 28-40) - 33.46% of Russia’s total imports from Iceland (3.96% in 2015);
  • Machinery, equipment and vehicles (HS codes 84-90) - 23.99% of Russia’s total imports from Iceland (9.16% in 2015);
  • Metals and products from them (HS codes 72-83) - 7.37% of Russia’s total imports from Iceland (0.19% in 2015).

The largest gains in Russia’s imports from Iceland in 2016 over 2015 were recorded for the following product groups:

  • Pharmaceutical products (HS code 30) - an increase of $2,682,021;
  • Iron and steel (HS code 72) - an increase of $1,231,815;
  • Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - an increase of $934,709;
  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - an increase of $302,096;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $175,437.

The largest declines in Russia’s imports from Iceland in 2016 over 2015 were recorded for the following product groups:

  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $89,311,282;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $2,754,215;
  • Ships, boats and floating structures (HS code 89) - a decrease of $2,226,242;
  • Meat and edible meat offal (HS code 02) - a decrease of $275,984;
  • 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) - a decrease of $161,243;
  • Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - a decrease of $118,536;
  • Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage (HS code 06) - a decrease of $81,738;
  • Plastics and articles thereof (HS code 39) - a decrease of $68,159.
Russia’s imports from Iceland in 2016 by product groups
HS
code
Name of product group Value of imports in 2016,
US dollars ($)
Percent share in total import Value of imports in 2015,
US dollars ($)
Percent change
in 2016
over 2015
02 Meat and edible meat offal 1,665,202 8.13 1,941,186-14.22
03 Fish and crustaceans, molluscs and other aquatic invertebrates 0 0.00 89,311,282-100.00
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 2,776 0.01 84,514-96.72
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 809,125 3.95 507,02959.58
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 4,405,388 21.50 3,470,67926.93
17 Sugars and sugar confectionery 112,205 0.55 112,283-0.07
21 Miscellaneous edible preparations 0 0.00 1,130-100.00
22 Beverages, spirits and vinegar 200,940 0.98 25,503687.91
25 Salt; sulfur; earths and stone; plastering materials, lime and cement 0 0.00 167-100.00
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 0 0.00 118,536-100.00
29 Organic chemicals 250 0.00 105138.10
30 Pharmaceutical products 6,757,714 32.98 4,075,69365.81
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 12,443 0.06 21,196-41.30
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 9,868 0.05 7,03040.37
38 Miscellaneous chemical products 1,041 0.01 2,105-50.55
39 Plastics and articles thereof 72,908 0.36 141,067-48.32
40 Rubber and articles thereof 2,903 0.01 2,02543.36
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 117 0.00 0
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0 0.00 2,283-100.00
51 Wool, fine or coarse animal hair; horsehair yarn and woven fabric 2,310 0.01 424444.81
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0 0.00 11,634-100.00
60 Knitted or crocheted fabrics 1,106 0.01 29,886-96.30
61 Articles of apparel and clothing accessories, knitted or crocheted 11,289 0.06 11,875-4.93
64 Footwear, gaiters and the like; parts of such articles 0 0.00 320-100.00
72 Iron and steel 1,417,239 6.92 185,424664.32
73 Articles of iron or steel 67,802 0.33 13,935386.56
74 Copper and articles thereof 4,763 0.02 0
76 Aluminum and articles thereof 6,262 0.03 867,181.40
79 Zinc and articles thereof 0 0.00 203-100.00
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 13,589 0.07 14,238-4.56
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 1,754,088 8.56 4,508,303-61.09
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 68,983 0.34 230,226-70.04
89 Ships, boats and floating structures 707,149 3.45 2,933,391-75.89
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 2,385,957 11.64 2,430,830-1.85
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 0 0.00 52,162-100.00

Reports and reviews archive

2017 г.:JanFebMarAprMay
2016 г.:JulAugSepOctNovDec
Russian foreign trade statistics
Source: Federal Customs Service of Russia