Russian trade with Iceland in 2017
based on data from the Federal Customs Service of Russia
Russia’s Trade with Iceland
In 2017, Russia’s trade with Iceland was $37,714,289, down 26.88% ($13,867,567) from 2016.
Russia’s exports to Iceland in 2017 were $14,360,898, down 53.81% ($16,727,541) from 2016.
Russia’s imports from Iceland in 2017 totaled $23,353,391, up 13.96% ($2,859,974) from 2016.
Russia’s trade balance with Iceland went from a surplus of $10,595,022 in 2016, to a deficit of $8,992,493 in 2017.
Iceland was Russia’s 134th largest trading partner in 2017 (down from 127th in 2016), accounting for 0.0065% of Russia’s total trade (down from 0.0110% in 2016).
Iceland was Russia’s 140th largest export market in 2017 (down from 122nd in 2016), accounting for 0.0040% of Russia’s total exports (down from 0.0109% in 2016).
Iceland was Russia’s 102nd largest supplier in 2017 (up from 103rd in 2016), accounting for 0.0103% of Russia’s total imports (down from 0.0112% in 2016).
Russia’s Exports to Iceland
The major share of Russian exports to Iceland in 2017 (and in 2016) was accounted for the following product types:
- Chemical products (HS codes 28-40) - 25.89% of Russia’s total exports to Iceland (11.15% in 2016);
- Mineral products (HS codes 25-27) - 25.66% of Russia’s total exports to Iceland (11.30% in 2016);
- Machinery, equipment and vehicles (HS codes 84-90) - 22.95% of Russia’s total exports to Iceland (2.35% in 2016);
- Wood and wood products (HS codes 44-49) - 12.20% of Russia’s total exports to Iceland (4.06% in 2016);
- Metals and products from them (HS codes 72-83) - 5.42% of Russia’s total exports to Iceland (4.02% in 2016);
- Food products and agricultural raw materials (HS codes 01-24) - 4.17% of Russia’s total exports to Iceland (5.26% in 2016);
- Textiles, textile products and footwear (HS codes 50-67) - 2.79% of Russia’s total exports to Iceland (2.16% in 2016).
The largest gains in Russia’s exports to Iceland in 2017 over 2016 were recorded for the following product groups:
- 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 $2,999,727;
- Wood and articles of wood; wood charcoal (HS code 44) - an increase of $492,342;
- Ores, slag and ash (HS code 26) - an increase of $422,637;
- Iron and steel (HS code 72) - an increase of $336,658;
- Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - an increase of $258,318;
- Fertilizers (HS code 31) - an increase of $123,080;
- Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - an increase of $80,489;
- Rubber and articles thereof (HS code 40) - an increase of $76,629;
- Plastics and articles thereof (HS code 39) - an increase of $67,155.
The largest declines in Russia’s exports to Iceland in 2017 over 2016 were recorded for the following product groups:
- Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $826,021;
- Articles of iron or steel (HS code 73) - a decrease of $731,553;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $451,105;
- Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - a decrease of $307,630;
- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $251,394;
- Articles of apparel and clothing accessories, knitted or crocheted (HS code 61) - a decrease of $220,818;
- Cereals (HS code 10) - a decrease of $157,574;
- Miscellaneous articles of base metal (HS code 83) - a decrease of $78,198.
HS code |
Name of product group | Value of exports in 2017, US dollars ($) |
Percent share in total export | Value of exports in 2016, US dollars ($) |
Percent change in 2017 over 2016 |
---|---|---|---|---|---|
03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 0 | 0.00 | 826,021 | -100.00 |
10 | Cereals | 484,874 | 3.38 | 642,448 | -24.53 |
22 | Beverages, spirits and vinegar | 9,982 | 0.07 | 8,236 | 21.20 |
23 | Residues and waste from the food industries; prepared animal feed | 0 | 0.00 | 32,020 | -100.00 |
24 | Tobacco and manufactured tobacco substitutes | 104,479 | 0.73 | 126,984 | -17.72 |
26 | Ores, slag and ash | 592,899 | 4.13 | 170,262 | 248.23 |
27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 3,091,696 | 21.53 | 3,343,090 | -7.52 |
28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 0 | 0.00 | 280 | -100.00 |
30 | Pharmaceutical products | 196 | 0.00 | 0 | ∞ |
31 | Fertilizers | 3,361,471 | 23.41 | 3,238,391 | 3.80 |
32 | Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics | 0 | 0.00 | 6,026 | -100.00 |
33 | Essential oils and resinoids; perfumery, cosmetic or toilet preparations | 0 | 0.00 | 13 | -100.00 |
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 | 341 | 0.00 | 4,958 | -93.12 |
35 | Albuminoidal substances; modified starches; glues; enzymes | 0 | 0.00 | 67 | -100.00 |
38 | Miscellaneous chemical products | 685 | 0.00 | 6,105 | -88.78 |
39 | Plastics and articles thereof | 152,692 | 1.06 | 85,537 | 78.51 |
40 | Rubber and articles thereof | 202,487 | 1.41 | 125,858 | 60.89 |
44 | Wood and articles of wood; wood charcoal | 1,751,681 | 12.20 | 1,259,339 | 39.10 |
48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 0 | 0.00 | 1,417 | -100.00 |
49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 0 | 0.00 | 272 | -100.00 |
52 | Cotton | 0 | 0.00 | 189 | -100.00 |
56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 138,816 | 0.97 | 446,446 | -68.91 |
58 | Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery | 1,601 | 0.01 | 0 | ∞ |
59 | Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use | 0 | 0.00 | 322 | -100.00 |
61 | Articles of apparel and clothing accessories, knitted or crocheted | 210 | 0.00 | 221,028 | -99.90 |
62 | Articles of apparel and clothing accessories, not knitted or crocheted | 259,856 | 1.81 | 1,538 | 16,795.71 |
63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 0 | 0.00 | 1,469 | -100.00 |
64 | Footwear, gaiters and the like; parts of such articles | 81 | 0.00 | 593 | -86.34 |
65 | Headgear and parts thereof | 0 | 0.00 | 145 | -100.00 |
68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 94,266 | 0.66 | 13,777 | 584.23 |
69 | Ceramic products | 0 | 0.00 | 417 | -100.00 |
70 | Glass and glassware | 26,783 | 0.19 | 39,105 | -31.51 |
72 | Iron and steel | 339,403 | 2.36 | 2,745 | 12,264.41 |
73 | Articles of iron or steel | 430,086 | 2.99 | 1,161,639 | -62.98 |
74 | Copper and articles thereof | 0 | 0.00 | 752 | -100.00 |
76 | Aluminum and articles thereof | 1,135 | 0.01 | 260 | 336.54 |
78 | Lead and articles thereof | 0 | 0.00 | 31 | -100.00 |
83 | Miscellaneous articles of base metal | 7,087 | 0.05 | 85,285 | -91.69 |
84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 34,280 | 0.24 | 14,377 | 138.44 |
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 | 3,255,583 | 22.67 | 255,856 | 1,172.43 |
87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 6,641 | 0.05 | 2,875 | 130.99 |
89 | Ships, boats and floating structures | 0 | 0.00 | 6,370 | -100.00 |
90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 5 | 0.00 | 451,110 | -100.00 |
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 | 8,120 | 0.06 | 707 | 1,048.51 |
95 | Toys, games and sports requisites; parts and accessories thereof | 0 | 0.00 | 4,042 | -100.00 |
96 | Miscellaneous manufactured articles | 0 | 0.00 | 37 | -100.00 |
97 | Works of art, collectors’ pieces and antiques | 3,462 | 0.02 | 0 | ∞ |
SS | Classified | 0 | 0.00 | 18 500 000 | -100.00 |
Russia’s Imports from Iceland
The major share of Russian imports from Iceland in 2017 (and in 2016) was accounted for the following product types:
- Machinery, equipment and vehicles (HS codes 84-90) - 43.94% of Russia’s total imports from Iceland (23.99% in 2016);
- Food products and agricultural raw materials (HS codes 01-24) - 31.33% of Russia’s total imports from Iceland (35.11% in 2016);
- Chemical products (HS codes 28-40) - 20.78% of Russia’s total imports from Iceland (33.46% in 2016);
- Metals and products from them (HS codes 72-83) - 3.26% of Russia’s total imports from Iceland (7.37% in 2016).
The largest gains in Russia’s imports from Iceland in 2017 over 2016 were recorded for the following product groups:
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $2,914,122;
- 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 $668,813;
- Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - an increase of $653,389;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $405,966;
- Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - an increase of $273,642;
- Plastics and articles thereof (HS code 39) - an increase of $273,333;
- Articles of iron or steel (HS code 73) - an increase of $228,324;
- 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 (HS code 94) - an increase of $71,599.
The largest declines in Russia’s imports from Iceland in 2017 over 2016 were recorded for the following product groups:
- Pharmaceutical products (HS code 30) - a decrease of $2,333,055;
- Iron and steel (HS code 72) - a decrease of $1,021,778;
- Meat and edible meat offal (HS code 02) - a decrease of $872,958.
HS code |
Name of product group | Value of imports in 2017, US dollars ($) |
Percent share in total import | Value of imports in 2016, US dollars ($) |
Percent change in 2017 over 2016 |
---|---|---|---|---|---|
02 | Meat and edible meat offal | 792,244 | 3.39 | 1,665,202 | -52.42 |
06 | Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage | 651 | 0.00 | 2,776 | -76.55 |
15 | Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes | 1,462,514 | 6.26 | 809,125 | 80.75 |
16 | Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates | 4,679,030 | 20.04 | 4,405,388 | 6.21 |
17 | Sugars and sugar confectionery | 121,355 | 0.52 | 112,205 | 8.15 |
22 | Beverages, spirits and vinegar | 261,720 | 1.12 | 200,940 | 30.25 |
28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 15,713 | 0.07 | 0 | ∞ |
29 | Organic chemicals | 514 | 0.00 | 250 | 105.60 |
30 | Pharmaceutical products | 4,424,659 | 18.95 | 6,757,714 | -34.52 |
33 | Essential oils and resinoids; perfumery, cosmetic or toilet preparations | 415 | 0.00 | 12,443 | -96.66 |
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 | 14,956 | 0.06 | 9,868 | 51.56 |
35 | Albuminoidal substances; modified starches; glues; enzymes | 25,040 | 0.11 | 0 | ∞ |
38 | Miscellaneous chemical products | 21,757 | 0.09 | 1,041 | 1,990.01 |
39 | Plastics and articles thereof | 346,241 | 1.48 | 72,908 | 374.90 |
40 | Rubber and articles thereof | 2,977 | 0.01 | 2,903 | 2.55 |
48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 1,288 | 0.01 | 117 | 1,000.85 |
49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 1,558 | 0.01 | 0 | ∞ |
51 | Wool, fine or coarse animal hair; horsehair yarn and woven fabric | 3,384 | 0.01 | 2,310 | 46.49 |
56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 21,806 | 0.09 | 0 | ∞ |
58 | Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery | 524 | 0.00 | 0 | ∞ |
60 | Knitted or crocheted fabrics | 34,200 | 0.15 | 1,106 | 2,992.22 |
61 | Articles of apparel and clothing accessories, knitted or crocheted | 25,860 | 0.11 | 11,289 | 129.07 |
72 | Iron and steel | 395,461 | 1.69 | 1,417,239 | -72.10 |
73 | Articles of iron or steel | 296,126 | 1.27 | 67,802 | 336.75 |
74 | Copper and articles thereof | 4,252 | 0.02 | 4,763 | -10.73 |
76 | Aluminum and articles thereof | 56,496 | 0.24 | 6,262 | 802.20 |
82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 10,015 | 0.04 | 13,589 | -26.30 |
83 | Miscellaneous articles of base metal | 62 | 0.00 | 0 | ∞ |
84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 4,668,210 | 19.99 | 1,754,088 | 166.13 |
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 | 737,796 | 3.16 | 68,983 | 969.53 |
89 | Ships, boats and floating structures | 2,063,045 | 8.83 | 707,149 | 191.74 |
90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 2,791,923 | 11.96 | 2,385,957 | 17.01 |
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 | 71,599 | 0.31 | 0 | ∞ |