Russian trade with Iceland in 2016
based on data from the Federal Customs Service of Russia
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 $112,626.
HS code |
Name of product group | Value of exports in 2016, US dollars ($) |
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 | 178,753 | 259.41 |
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 | 3,149,118 | 6.16 |
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 | 2,073,021 | 56.22 |
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 | 2,680 | 85.00 |
35 | Albuminoidal substances; modified starches; glues; enzymes | 67 | 0.00 | 55 | 21.82 |
38 | Miscellaneous chemical products | 6,105 | 0.02 | 1,084 | 463.19 |
39 | Plastics and articles thereof | 85,537 | 0.28 | 49,278 | 73.58 |
40 | Rubber and articles thereof | 125,858 | 0.40 | 86,965 | 44.72 |
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 | 96 | 96.88 |
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 | 14 | 2,200.00 |
61 | Articles of apparel and clothing accessories, knitted or crocheted | 221,028 | 0.71 | 1,617 | 13,569.02 |
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 | 213 | 95.77 |
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 | 498 | 51.00 |
76 | Aluminum and articles thereof | 260 | 0.00 | 39 | 566.67 |
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 | 1,095 | 23,265.84 |
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 $68,159.
HS code |
Name of product group | Value of imports in 2016, US dollars ($) |
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 | 507,029 | 59.58 |
16 | Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates | 4,405,388 | 21.50 | 3,470,679 | 26.93 |
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 | 25,503 | 687.91 |
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 | 105 | 138.10 |
30 | Pharmaceutical products | 6,757,714 | 32.98 | 4,075,693 | 65.81 |
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 | 7,030 | 40.37 |
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 | 2,025 | 43.36 |
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 | 424 | 444.81 |
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 | 185,424 | 664.32 |
73 | Articles of iron or steel | 67,802 | 0.33 | 13,935 | 386.56 |
74 | Copper and articles thereof | 4,763 | 0.02 | 0 | ∞ |
76 | Aluminum and articles thereof | 6,262 | 0.03 | 86 | 7,181.40 |
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 |