Russian foreign trade
reports and reviews

Russian trade in goods with Iceland in Q2 2017

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 second quarter of 2017: exports, imports, products, dynamics.

Russia’s Trade with Iceland

In the 2nd quarter of 2017, Russia’s trade with Iceland totaled $10,351,821, up 5.99% ($585,103) from the 2nd quarter of 2016.

Russia’s exports to Iceland in the 2nd quarter of 2017 totaled $3,718,260, up 31.01% ($880,140) from the 2nd quarter of 2016.

Russia’s imports from Iceland in the 2nd quarter of 2017 were $6,633,561, down 4.26% ($295,037) from the 2nd quarter of 2016.

Russia’s trade deficit with Iceland in the 2nd quarter of 2017 was $2,915,301, a 28.73% decrease ($1,175,177) over the 2nd quarter of 2016.

Iceland was Russia’s 129th largest trading partner in the 2nd quarter of 2017 (down from 123rd in the 2nd quarter of 2016), accounting for 0.0074% of Russia’s total trade (down from 0.0090% in the 2nd quarter of 2016).

Iceland was Russia’s 131st largest export market in the 2nd quarter of 2017 (down from 127th in the 2nd quarter of 2016), accounting for 0.0044% of Russia’s total exports (up from 0.0043% in the 2nd quarter of 2016).

Iceland was Russia’s 98th largest supplier in the 2nd quarter of 2017 (down from 97th in the 2nd quarter of 2016), accounting for 0.0119% of Russia’s total imports (down from 0.0163% in the 2nd quarter of 2016).

Russia’s Exports to Iceland

The major share of Russian exports to Iceland in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Chemical products (HS codes 28-40) - 48.36% of Russia’s total exports to Iceland (2.48% in the 2nd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 13.62% of Russia’s total exports to Iceland (7.82% in the 2nd quarter of 2016);
  • Wood and wood products (HS codes 44-49) - 10.80% of Russia’s total exports to Iceland (13.71% in the 2nd quarter of 2016);
  • Mineral products (HS codes 25-27) - 8.67% of Russia’s total exports to Iceland (42.07% in the 2nd quarter of 2016);
  • Textiles, textile products and footwear (HS codes 50-67) - 7.09% of Russia’s total exports to Iceland (22.34% in the 2nd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 6.89% of Russia’s total exports to Iceland (3.33% in the 2nd quarter of 2016);
  • Machinery, equipment and vehicles (HS codes 84-90) - 2.08% of Russia’s total exports to Iceland (6.88% in the 2nd quarter of 2016).

The largest gains in Russia’s exports to Iceland in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Fertilizers (HS code 31) - an increase of $1,727,600;
  • Cereals (HS code 10) - an increase of $484,874;
  • Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - an increase of $259,856;
  • Articles of iron or steel (HS code 73) - an increase of $188,651;
  • 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 $77,195;
  • Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - an increase of $65,998;
  • Ores, slag and ash (HS code 26) - an increase of $31,557;
  • Wood and articles of wood; wood charcoal (HS code 44) - an increase of $12,546.

The largest declines in Russia’s exports to Iceland in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $903,183;
  • Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - a decrease of $414,579;
  • Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - a decrease of $217,384;
  • Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $187,062;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $184,982;
  • Miscellaneous articles of base metal (HS code 83) - a decrease of $26,736;
  • Glass and glassware (HS code 70) - a decrease of $12,322.
Russia’s exports to Iceland in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value of exports
in Q2 2017,
US dollars ($)
Percent share in total export Value of exports
in Q2 2016,
US dollars ($)
Percent change
in Q2 2017
over Q2 2016
03 Fish and crustaceans, molluscs and other aquatic invertebrates 0 0.00 187,062-100.00
10 Cereals 484,874 13.04 0
22 Beverages, spirits and vinegar 0 0.00 8,236-100.00
24 Tobacco and manufactured tobacco substitutes 21,448 0.58 26,603-19.38
26 Ores, slag and ash 31,557 0.85 0
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 290,885 7.82 1,194,068-75.64
31 Fertilizers 1,727,600 46.46 0
38 Miscellaneous chemical products 0 0.00 5,799-100.00
39 Plastics and articles thereof 37,300 1.00 30,47322.40
40 Rubber and articles thereof 33,241 0.89 34,031-2.32
44 Wood and articles of wood; wood charcoal 401,442 10.80 388,8963.23
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 0 0.00 272-100.00
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 1,815 0.05 416,394-99.56
58 Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery 1,601 0.04 0
61 Articles of apparel and clothing accessories, knitted or crocheted 210 0.01 217,594-99.90
62 Articles of apparel and clothing accessories, not knitted or crocheted 259,856 6.99 0
64 Footwear, gaiters and the like; parts of such articles 81 0.00 0
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 65,998 1.77 0
70 Glass and glassware 26,783 0.72 39,105-31.51
73 Articles of iron or steel 249,787 6.72 61,136308.58
83 Miscellaneous articles of base metal 6,587 0.18 33,323-80.23
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 0 0.00 10,146-100.00
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 77,195 2.08 0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 0 0.00 184,982-100.00

Russia’s Imports from Iceland

The major share of Russian imports from Iceland in the 2nd quarter of 2017 (and in the 2nd quarter of 2016) was accounted for the following product types:

  • Machinery, equipment and vehicles (HS codes 84-90) - 55.59% of Russia’s total imports from Iceland (37.44% in the 2nd quarter of 2016);
  • Food products and agricultural raw materials (HS codes 01-24) - 26.53% of Russia’s total imports from Iceland (26.85% in the 2nd quarter of 2016);
  • Chemical products (HS codes 28-40) - 15.82% of Russia’s total imports from Iceland (28.68% in the 2nd quarter of 2016);
  • Metals and products from them (HS codes 72-83) - 1.89% of Russia’s total imports from Iceland (7.01% in the 2nd quarter of 2016).

The largest gains in Russia’s imports from Iceland in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Ships, boats and floating structures (HS code 89) - an increase of $1,355,896;
  • 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 $290,241;
  • Articles of iron or steel (HS code 73) - an increase of $111,920;
  • Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - an increase of $76,542;
  • Plastics and articles thereof (HS code 39) - an increase of $33,383;
  • Beverages, spirits and vinegar (HS code 22) - an increase of $22,233;
  • Miscellaneous chemical products (HS code 38) - an increase of $21,757.

The largest declines in Russia’s imports from Iceland in the 2nd quarter of 2017 over the 2nd quarter of 2016 were recorded for the following product groups:

  • Pharmaceutical products (HS code 30) - a decrease of $1,021,483;
  • Iron and steel (HS code 72) - a decrease of $476,181;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $316,769;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $236,184;
  • Meat and edible meat offal (HS code 02) - a decrease of $110,341;
  • Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - a decrease of $88,808.
Russia’s imports from Iceland in the 2nd quarter of 2017 by product groups
HS
code
Name of product group Value of imports in Q2 2017,
US dollars ($)
Percent share in total import Value of imports in Q2 2016,
US dollars ($)
Percent change
in Q2 2017
over Q2 2016
02 Meat and edible meat offal 0 0.00 110,341-100.00
06 Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage 0 0.00 204-100.00
15 Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes 243,249 3.67 332,057-26.74
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 1,460,990 22.02 1,384,4485.53
22 Beverages, spirits and vinegar 55,443 0.84 33,21066.95
28 Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes 15,713 0.24 0
29 Organic chemicals 110 0.00 0
30 Pharmaceutical products 933,703 14.08 1,955,186-52.24
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 33 0.00 34-2.94
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 14,854 0.22 0
38 Miscellaneous chemical products 21,757 0.33 0
39 Plastics and articles thereof 63,080 0.95 29,697112.41
40 Rubber and articles thereof 397 0.01 2,033-80.47
48 Paper and paperboard; articles of paper pulp, of paper or of paperboard 1,288 0.02 0
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 2,934 0.04 0
61 Articles of apparel and clothing accessories, knitted or crocheted 7,036 0.11 1,602339.20
72 Iron and steel 0 0.00 476,181-100.00
73 Articles of iron or steel 113,730 1.71 1,8106,183.43
74 Copper and articles thereof 0 0.00 1-100.00
76 Aluminum and articles thereof 5,804 0.09 0
82 Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal 5,917 0.09 7,624-22.39
83 Miscellaneous articles of base metal 62 0.00 0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 746,653 11.26 1,063,422-29.79
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 306,808 4.63 16,5671,751.92
89 Ships, boats and floating structures 2,063,045 31.10 707,149191.74
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 570,848 8.61 807,032-29.27
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 107 0.00 0

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Russian foreign trade statistics
Source: Federal Customs Service of Russia