Russian trade with Iceland in 2015
May 02, 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 2015: exports, imports, products, dynamics.
Russia’s Trade with Iceland
In 2015, Russia’s trade with Iceland was $153,638,808, down 44.12% ($121,318,237) from 2014.
Russia’s exports to Iceland in 2015 totaled $43,392,058, up 124.44% ($24,058,923) from 2014.
Russia’s imports from Iceland in 2015 were $110,246,750, down 56.87% ($145,377,160) from 2014.
Russia’s trade deficit with Iceland in 2015 was $66,854,692, a 71.71% decrease ($169,436,083) over 2014.
Iceland was Russia’s 102nd largest trading partner in 2015 (down from 97th in 2014), accounting for 0.0292% of Russia’s total trade (down from 0.0351% in 2014).
Iceland was Russia’s 120th largest export market in 2015 (up from 132nd in 2014), accounting for 0.0126% of Russia’s total exports (up from 0.0039% in 2014).
Iceland was Russia’s 78th largest supplier in 2015 (down from 69th in 2014), accounting for 0.0604% of Russia’s total imports (down from 0.0894% in 2014).
Russia’s Exports to Iceland
The major share of Russian exports to Iceland in 2015 (and in 2014) was accounted for the following product types:
- Metals and products from them (HS codes 72-83) - 8.19% of Russia’s total exports to Iceland (3.92% in 2014);
- Mineral products (HS codes 25-27) - 7.92% of Russia’s total exports to Iceland (28.20% in 2014);
- Chemical products (HS codes 28-40) - 5.12% of Russia’s total exports to Iceland (5.97% in 2014);
- Wood and wood products (HS codes 44-49) - 3.93% of Russia’s total exports to Iceland (8.75% in 2014);
- Food products and agricultural raw materials (HS codes 01-24) - 3.10% of Russia’s total exports to Iceland (0.59% in 2014);
- Machinery, equipment and vehicles (HS codes 84-90) - 2.52% of Russia’s total exports to Iceland (7.46% in 2014).
The largest gains in Russia’s exports to Iceland in 2015 over 2014 were recorded for the following product groups:
- Articles of iron or steel (HS code 73) - an increase of $2,697,311;
- Fertilizers (HS code 31) - an increase of $1,103,092;
- Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $1,033,500;
- Cereals (HS code 10) - an increase of $178,753.
The largest declines in Russia’s exports to Iceland in 2015 over 2014 were recorded for the following product groups:
- Ores, slag and ash (HS code 26) - a decrease of $1,626,817;
- 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 $409,814;
- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $390,986.
| HS code |
Name of product group | Value of exports in 2015, US dollars ($) |
Percent share in total export | Value of exports in 2014, US dollars ($) |
Percent change in 2015 over 2014 |
|---|---|---|---|---|---|
| 03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 1,033,500 | 2.38 | 0 | ∞ |
| 10 | Cereals | 178,753 | 0.41 | 0 | ∞ |
| 22 | Beverages, spirits and vinegar | 0 | 0.00 | 428 | -100.00 |
| 24 | Tobacco and manufactured tobacco substitutes | 133,014 | 0.31 | 113,696 | 16.99 |
| 25 | Salt; sulfur; earths and stone; plastering materials, lime and cement | 707 | 0.00 | 0 | ∞ |
| 26 | Ores, slag and ash | 285,726 | 0.66 | 1,912,543 | -85.06 |
| 27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 3,149,118 | 7.26 | 3,540,104 | -11.04 |
| 31 | Fertilizers | 2,073,021 | 4.78 | 969,929 | 113.73 |
| 32 | Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics | 7,766 | 0.02 | 3,358 | 131.27 |
| 33 | Essential oils and resinoids; perfumery, cosmetic or toilet preparations | 37 | 0.00 | 0 | ∞ |
| 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 | 2,680 | 0.01 | 0 | ∞ |
| 35 | Albuminoidal substances; modified starches; glues; enzymes | 55 | 0.00 | 0 | ∞ |
| 38 | Miscellaneous chemical products | 1,084 | 0.00 | 0 | ∞ |
| 39 | Plastics and articles thereof | 49,278 | 0.11 | 101,734 | -51.56 |
| 40 | Rubber and articles thereof | 86,965 | 0.20 | 79,653 | 9.18 |
| 44 | Wood and articles of wood; wood charcoal | 1,701,949 | 3.92 | 1,682,991 | 1.13 |
| 48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 2,834 | 0.01 | 2,746 | 3.20 |
| 49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 0 | 0.00 | 6,415 | -100.00 |
| 52 | Cotton | 96 | 0.00 | 399 | -75.94 |
| 56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 0 | 0.00 | 119,988 | -100.00 |
| 59 | Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use | 14 | 0.00 | 0 | ∞ |
| 61 | Articles of apparel and clothing accessories, knitted or crocheted | 1,617 | 0.00 | 126 | 1,183.33 |
| 62 | Articles of apparel and clothing accessories, not knitted or crocheted | 3,949 | 0.01 | 0 | ∞ |
| 63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 1,702 | 0.00 | 915 | 86.01 |
| 64 | Footwear, gaiters and the like; parts of such articles | 1,068 | 0.00 | 142 | 652.11 |
| 65 | Headgear and parts thereof | 236 | 0.00 | 0 | ∞ |
| 68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 26,644 | 0.06 | 10,973 | 142.81 |
| 69 | Ceramic products | 213 | 0.00 | 0 | ∞ |
| 72 | Iron and steel | 115,371 | 0.27 | 491 | 23,397.15 |
| 73 | Articles of iron or steel | 3,437,747 | 7.92 | 740,436 | 364.29 |
| 74 | Copper and articles thereof | 498 | 0.00 | 0 | ∞ |
| 76 | Aluminum and articles thereof | 39 | 0.00 | 16,000 | -99.76 |
| 78 | Lead and articles thereof | 45 | 0.00 | 0 | ∞ |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 48,096 | 0.11 | 31,029 | 55.00 |
| 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 | 1,095 | 0.00 | 410,909 | -99.73 |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 1,045,852 | 2.41 | 1,000,043 | 4.58 |
| 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 | 1,243 | 0.00 | 124,078 | -99.00 |
| 96 | Miscellaneous manufactured articles | 46 | 0.00 | 6,269 | -99.27 |
| SS | Classified | 30,000,000 | 69.14 | 8 457 740 | 254.70 |
Russia’s Imports from Iceland
The major share of Russian imports from Iceland in 2015 (and in 2014) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 86.58% of Russia’s total imports from Iceland (93.69% in 2014);
- Machinery, equipment and vehicles (HS codes 84-90) - 9.16% of Russia’s total imports from Iceland (3.87% in 2014);
- Chemical products (HS codes 28-40) - 3.96% of Russia’s total imports from Iceland (2.26% in 2014).
The largest gains in Russia’s imports from Iceland in 2015 over 2014 were recorded for the following product groups:
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $3,806,293;
- Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - an increase of $929,654.
The largest declines in Russia’s imports from Iceland in 2015 over 2014 were recorded for the following product groups:
- Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $142,326,855;
- Ships, boats and floating structures (HS code 89) - a decrease of $2,809,753;
- Meat and edible meat offal (HS code 02) - a decrease of $1,800,151;
- Pharmaceutical products (HS code 30) - a decrease of $1,362,512;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $905,860;
- Beverages, spirits and vinegar (HS code 22) - a decrease of $557,776;
- Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - a decrease of $339,149.
| HS code |
Name of product group | Value of imports in 2015, US dollars ($) |
Percent share in total import | Value of imports in 2014, US dollars ($) |
Percent change in 2015 over 2014 |
|---|---|---|---|---|---|
| 02 | Meat and edible meat offal | 1,941,186 | 1.76 | 3,741,337 | -48.12 |
| 03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 89,311,282 | 81.01 | 231,638,137 | -61.44 |
| 06 | Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage | 84,514 | 0.08 | 13,463 | 527.75 |
| 15 | Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes | 507,029 | 0.46 | 846,178 | -40.08 |
| 16 | Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates | 3,470,679 | 3.15 | 2,541,025 | 36.59 |
| 17 | Sugars and sugar confectionery | 112,283 | 0.10 | 112,942 | -0.58 |
| 21 | Miscellaneous edible preparations | 1,130 | 0.00 | 9,371 | -87.94 |
| 22 | Beverages, spirits and vinegar | 25,503 | 0.02 | 583,279 | -95.63 |
| 25 | Salt; sulfur; earths and stone; plastering materials, lime and cement | 167 | 0.00 | 0 | ∞ |
| 28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 118,536 | 0.11 | 0 | ∞ |
| 29 | Organic chemicals | 105 | 0.00 | 0 | ∞ |
| 30 | Pharmaceutical products | 4,075,693 | 3.70 | 5,438,205 | -25.05 |
| 33 | Essential oils and resinoids; perfumery, cosmetic or toilet preparations | 21,196 | 0.02 | 26,328 | -19.49 |
| 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 | 7,030 | 0.01 | 13,894 | -49.40 |
| 38 | Miscellaneous chemical products | 2,105 | 0.00 | 2,503 | -15.90 |
| 39 | Plastics and articles thereof | 141,067 | 0.13 | 279,659 | -49.56 |
| 40 | Rubber and articles thereof | 2,025 | 0.00 | 5,179 | -60.90 |
| 49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 2,283 | 0.00 | 13,762 | -83.41 |
| 51 | Wool, fine or coarse animal hair; horsehair yarn and woven fabric | 424 | 0.00 | 151 | 180.79 |
| 56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 11,634 | 0.01 | 0 | ∞ |
| 60 | Knitted or crocheted fabrics | 29,886 | 0.03 | 36,112 | -17.24 |
| 61 | Articles of apparel and clothing accessories, knitted or crocheted | 11,875 | 0.01 | 9,376 | 26.65 |
| 63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 0 | 0.00 | 1,601 | -100.00 |
| 64 | Footwear, gaiters and the like; parts of such articles | 320 | 0.00 | 0 | ∞ |
| 65 | Headgear and parts thereof | 0 | 0.00 | 28 | -100.00 |
| 68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 0 | 0.00 | 2,517 | -100.00 |
| 72 | Iron and steel | 185,424 | 0.17 | 0 | ∞ |
| 73 | Articles of iron or steel | 13,935 | 0.01 | 120,718 | -88.46 |
| 76 | Aluminum and articles thereof | 86 | 0.00 | 15,042 | -99.43 |
| 79 | Zinc and articles thereof | 203 | 0.00 | 0 | ∞ |
| 82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 14,238 | 0.01 | 15,034 | -5.29 |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 4,508,303 | 4.09 | 702,010 | 542.20 |
| 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 | 230,226 | 0.21 | 100,043 | 130.13 |
| 89 | Ships, boats and floating structures | 2,933,391 | 2.66 | 5,743,144 | -48.92 |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 2,430,830 | 2.20 | 3,336,690 | -27.15 |
| 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 | 52,162 | 0.05 | 276,182 | -81.11 |