Russian foreign trade
reports and reviews

Russian trade in goods with Iceland in Q4 2018

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 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 $34,280.
Russia’s exports to Iceland in the 4th quarter of 2018 by product groups
HS
code
Name of product group Value of exports
in Q4 2018,
US dollars ($)
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 21,0212.04
26 Ores, slag and ash 272,007 4.41 86,361214.97
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 1,533,025 24.85 1,305,47917.43
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 54,68194.39
44 Wood and articles of wood; wood charcoal 736,563 11.94 547,69434.48
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 14,416576.02
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 1,599,08467.50
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 $258,743.
Russia’s imports from Iceland in the 4th quarter of 2018 by product groups
HS
code
Name of product group Value of imports in Q4 2018,
US dollars ($)
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 9.73 748,44030.14
16 Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates 4,683,559 46.77 1,680,592178.69
17 Sugars and sugar confectionery 133,893 1.34 0
22 Beverages, spirits and vinegar 154,421 1.54 152,2231.44
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 10230,797.06
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 3.46 140,015147.73
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 8,8619,496.34
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 15.72 991,91658.65
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
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Russian foreign trade statistics
Source: Federal Customs Service of Russia