Russian trade in goods with Iceland in Q4 2018
February 09, 2019
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 the fourth quarter of 2018: exports, imports, products, dynamics.
Russia’s Trade with Iceland
In the 4th quarter of 2018, Russia’s trade with Iceland totaled $16,182,340, up 28.81% ($3,619,771) from the 4th quarter of 2017.
Russia’s exports to Iceland in the 4th quarter of 2018 totaled $6,169,115, up 23.91% ($1,190,211) from the 4th quarter of 2017.
Russia’s imports from Iceland in the 4th quarter of 2018 totaled $10,013,225, up 32.04% ($2,429,560) from the 4th quarter of 2017.
Russia’s trade deficit with Iceland in the 4th quarter of 2018 was $3,844,110, a 47.58% increase ($1,239,349) over the 4th quarter of 2017.
Iceland was Russia’s 132nd largest trading partner in the 4th quarter of 2018 (down from 129th in the 4th quarter of 2017), accounting for 0.0087% of Russia’s total trade (up from 0.0075% in the 4th quarter of 2017).
Iceland was Russia’s 137th largest export market in the 4th quarter of 2018 (down from 130th in the 4th quarter of 2017), accounting for 0.0050% of Russia’s total exports (up from 0.0048% in the 4th quarter of 2017).
Iceland was Russia’s 99th largest supplier in the 4th quarter of 2018 (just as in the 4th quarter of 2017), accounting for 0.0161% of Russia’s total imports (up from 0.0118% in the 4th quarter of 2017).
Russia’s Exports to Iceland
The major share of Russian exports to Iceland in the 4th quarter of 2018 (and in the 4th quarter of 2017) was accounted for the following product types:
- Machinery, equipment and vehicles (HS codes 84-90) - 43.42% of Russia’s total exports to Iceland (32.81% in the 4th quarter of 2017);
- Mineral products (HS codes 25-27) - 29.26% of Russia’s total exports to Iceland (27.95% in the 4th quarter of 2017);
- Wood and wood products (HS codes 44-49) - 11.94% of Russia’s total exports to Iceland (11.00% in the 4th quarter of 2017);
- Food products and agricultural raw materials (HS codes 01-24) - 8.63% of Russia’s total exports to Iceland (0.42% in the 4th quarter of 2017);
- Metals and products from them (HS codes 72-83) - 3.08% of Russia’s total exports to Iceland (9.71% in the 4th quarter of 2017);
- Chemical products (HS codes 28-40) - 2.06% of Russia’s total exports to Iceland (17.66% in the 4th quarter of 2017).
The largest gains in Russia’s exports to Iceland in the 4th quarter of 2018 over the 4th quarter of 2017 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 $1,079,399;
- Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $511,027;
- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $227,546;
- Wood and articles of wood; wood charcoal (HS code 44) - an increase of $188,869;
- Ores, slag and ash (HS code 26) - an increase of $185,646;
- Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - an increase of $83,039;
- Rubber and articles thereof (HS code 40) - an increase of $51,614;
- Miscellaneous articles of base metal (HS code 83) - an increase of $22,893.
The largest declines in Russia’s exports to Iceland in the 4th quarter of 2018 over the 4th quarter of 2017 were recorded for the following product groups:
- Fertilizers (HS code 31) - a decrease of $766,571;
- Iron and steel (HS code 72) - a decrease of $303,055;
- Plastics and articles thereof (HS code 39) - a decrease of $37,413;
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $34,280.
| HS code |
Name of product group | Value of exports in Q4 2018, US dollars ($) |
Percent share in total export | Value of exports in Q4 2017, US dollars ($) |
Percent change in Q4 2018 over Q4 2017 |
|---|---|---|---|---|---|
| 03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 511,027 | 8.28 | 0 | ∞ |
| 22 | Beverages, spirits and vinegar | 5 | 0.00 | 0 | ∞ |
| 24 | Tobacco and manufactured tobacco substitutes | 21,450 | 0.35 | 21,021 | 2.04 |
| 26 | Ores, slag and ash | 272,007 | 4.41 | 86,361 | 214.97 |
| 27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 1,533,025 | 24.85 | 1,305,479 | 17.43 |
| 31 | Fertilizers | 0 | 0.00 | 766,571 | -100.00 |
| 32 | Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics | 1,246 | 0.02 | 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 | 0 | 0.00 | 341 | -100.00 |
| 38 | Miscellaneous chemical products | 0 | 0.00 | 685 | -100.00 |
| 39 | Plastics and articles thereof | 19,404 | 0.31 | 56,817 | -65.85 |
| 40 | Rubber and articles thereof | 106,295 | 1.72 | 54,681 | 94.39 |
| 44 | Wood and articles of wood; wood charcoal | 736,563 | 11.94 | 547,694 | 34.48 |
| 56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 1,875 | 0.03 | 0 | ∞ |
| 61 | Articles of apparel and clothing accessories, knitted or crocheted | 1 | 0.00 | 0 | ∞ |
| 68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 97,455 | 1.58 | 14,416 | 576.02 |
| 72 | Iron and steel | 0 | 0.00 | 303,055 | -100.00 |
| 73 | Articles of iron or steel | 167,036 | 2.71 | 180,299 | -7.36 |
| 83 | Miscellaneous articles of base metal | 22,893 | 0.37 | 0 | ∞ |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 0 | 0.00 | 34,280 | -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 | 2,678,483 | 43.42 | 1,599,084 | 67.50 |
| 92 | Musical instruments; parts and accessories of such articles | 350 | 0.01 | 0 | ∞ |
| 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 | 8,120 | -100.00 |
Russia’s Imports from Iceland
The major share of Russian imports from Iceland in the 4th quarter of 2018 (and in the 4th quarter of 2017) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 59.99% of Russia’s total imports from Iceland (38.86% in the 4th quarter of 2017);
- Machinery, equipment and vehicles (HS codes 84-90) - 27.01% of Russia’s total imports from Iceland (31.63% in the 4th quarter of 2017);
- Metals and products from them (HS codes 72-83) - 8.89% of Russia’s total imports from Iceland (0.72% in the 4th quarter of 2017);
- Chemical products (HS codes 28-40) - 4.05% of Russia’s total imports from Iceland (28.46% in the 4th quarter of 2017).
The largest gains in Russia’s imports from Iceland in the 4th quarter of 2018 over the 4th quarter of 2017 were recorded for the following product groups:
- Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - an increase of $3,002,967;
- Articles of iron or steel (HS code 73) - an increase of $841,471;
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $581,764;
- Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - an increase of $225,591;
- Plastics and articles thereof (HS code 39) - an increase of $206,848;
- Sugars and sugar confectionery (HS code 17) - an increase of $133,893;
- 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 (HS code 34) - an increase of $31,413.
The largest declines in Russia’s imports from Iceland in the 4th quarter of 2018 over the 4th quarter of 2017 were recorded for the following product groups:
- Pharmaceutical products (HS code 30) - a decrease of $1,989,395;
- Meat and edible meat offal (HS code 02) - a decrease of $305,130;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $258,743.
| HS code |
Name of product group | Value of imports in Q4 2018, US dollars ($) |
Percent share in total import | Value of imports in Q4 2017, US dollars ($) |
Percent change in Q4 2018 over Q4 2017 |
|---|---|---|---|---|---|
| 02 | Meat and edible meat offal | 60,896 | 0.61 | 366,026 | -83.36 |
| 15 | Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes | 974,031 | 9.73 | 748,440 | 30.14 |
| 16 | Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates | 4,683,559 | 46.77 | 1,680,592 | 178.69 |
| 17 | Sugars and sugar confectionery | 133,893 | 1.34 | 0 | ∞ |
| 22 | Beverages, spirits and vinegar | 154,421 | 1.54 | 152,223 | 1.44 |
| 29 | Organic chemicals | 0 | 0.00 | 41 | -100.00 |
| 30 | Pharmaceutical products | 903 | 0.01 | 1,990,298 | -99.95 |
| 33 | Essential oils and resinoids; perfumery, cosmetic or toilet preparations | 35 | 0.00 | 57 | -38.60 |
| 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 | 31,515 | 0.31 | 102 | 30,797.06 |
| 35 | Albuminoidal substances; modified starches; glues; enzymes | 0 | 0.00 | 25,040 | -100.00 |
| 38 | Miscellaneous chemical products | 25,991 | 0.26 | 0 | ∞ |
| 39 | Plastics and articles thereof | 346,863 | 3.46 | 140,015 | 147.73 |
| 40 | Rubber and articles thereof | 573 | 0.01 | 2,478 | -76.88 |
| 49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 0 | 0.00 | 1,558 | -100.00 |
| 56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 0 | 0.00 | 15,870 | -100.00 |
| 61 | Articles of apparel and clothing accessories, knitted or crocheted | 4,847 | 0.05 | 7,596 | -36.19 |
| 68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 270 | 0.00 | 0 | ∞ |
| 73 | Articles of iron or steel | 850,332 | 8.49 | 8,861 | 9,496.34 |
| 74 | Copper and articles thereof | 214 | 0.00 | 3,065 | -93.02 |
| 76 | Aluminum and articles thereof | 39,133 | 0.39 | 41,042 | -4.65 |
| 82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 289 | 0.00 | 1,607 | -82.02 |
| 83 | Miscellaneous articles of base metal | 154 | 0.00 | 0 | ∞ |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 1,573,680 | 15.72 | 991,916 | 58.65 |
| 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 | 10,777 | 0.11 | 27,482 | -60.79 |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 1,120,613 | 11.19 | 1,379,356 | -18.76 |
| 96 | Miscellaneous manufactured articles | 236 | 0.00 | 0 | ∞ |