Russian trade with Iceland in 2018
based on data from the Federal Customs Service of Russia
Russia’s Trade with Iceland
In 2018, Russia’s trade with Iceland totaled $45,327,999, up 20.19% ($7,613,710) from 2017.
Russia’s exports to Iceland in 2018 totaled $15,913,205, up 10.81% ($1,552,307) from 2017.
Russia’s imports from Iceland in 2018 totaled $29,414,794, up 25.96% ($6,061,403) from 2017.
Russia’s trade deficit with Iceland in 2018 was $13,501,589, a 50.14% increase ($4,509,096) over 2017.
Iceland was Russia’s 136th largest trading partner in 2018 (down from 134th in 2017), accounting for 0.0066% of Russia’s total trade (up from 0.0065% in 2017).
Iceland was Russia’s 143rd largest export market in 2018 (down from 140th in 2017), accounting for 0.0035% of Russia’s total exports (down from 0.0040% in 2017).
Iceland was Russia’s 102nd largest supplier in 2018 (just as in 2017), accounting for 0.0124% of Russia’s total imports (up from 0.0103% in 2017).
Russia’s Exports to Iceland
The major share of Russian exports to Iceland in 2018 (and in 2017) was accounted for the following product types:
- Mineral products (HS codes 25-27) - 34.08% of Russia’s total exports to Iceland (25.66% in 2017);
- Machinery, equipment and vehicles (HS codes 84-90) - 23.11% of Russia’s total exports to Iceland (22.95% in 2017);
- Wood and wood products (HS codes 44-49) - 17.79% of Russia’s total exports to Iceland (12.20% in 2017);
- Metals and products from them (HS codes 72-83) - 8.27% of Russia’s total exports to Iceland (5.42% in 2017);
- Food products and agricultural raw materials (HS codes 01-24) - 7.05% of Russia’s total exports to Iceland (4.17% in 2017);
- Chemical products (HS codes 28-40) - 4.55% of Russia’s total exports to Iceland (25.89% in 2017);
- Textiles, textile products and footwear (HS codes 50-67) - 2.91% of Russia’s total exports to Iceland (2.79% in 2017).
The largest gains in Russia’s exports to Iceland in 2018 over 2017 were recorded for the following product groups:
- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $1,477,140;
- Wood and articles of wood; wood charcoal (HS code 44) - an increase of $1,076,378;
- Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - an increase of $1,015,289;
- Iron and steel (HS code 72) - an increase of $638,287;
- 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 $415,983;
- Rubber and articles thereof (HS code 40) - an increase of $325,114;
- Ores, slag and ash (HS code 26) - an increase of $261,947;
- Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - an increase of $158,329;
- 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 $74,700.
The largest declines in Russia’s exports to Iceland in 2018 over 2017 were recorded for the following product groups:
- Fertilizers (HS code 31) - a decrease of $3,361,471;
- Cereals (HS code 10) - a decrease of $484,874;
- Articles of iron or steel (HS code 73) - a decrease of $114,937.
HS code |
Name of product group | Value of exports in 2018, US dollars ($) |
Percent share in total export | Value of exports in 2017, US dollars ($) |
Percent change in 2018 over 2017 |
---|---|---|---|---|---|
03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 1,015,289 | 6.38 | 0 | ∞ |
10 | Cereals | 0 | 0.00 | 484,874 | -100.00 |
16 | Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates | 134 | 0.00 | 0 | ∞ |
19 | Preparations of cereals, flour, starch or milk; bakers’ wares | 5,897 | 0.04 | 0 | ∞ |
22 | Beverages, spirits and vinegar | 15,294 | 0.10 | 9,982 | 53.22 |
24 | Tobacco and manufactured tobacco substitutes | 85,800 | 0.54 | 104,479 | -17.88 |
26 | Ores, slag and ash | 854,846 | 5.37 | 592,899 | 44.18 |
27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 4,568,836 | 28.71 | 3,091,696 | 47.78 |
30 | Pharmaceutical products | 0 | 0.00 | 196 | -100.00 |
31 | Fertilizers | 0 | 0.00 | 3,361,471 | -100.00 |
32 | Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics | 2,928 | 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 | 9,851 | 0.06 | 341 | 2,788.86 |
38 | Miscellaneous chemical products | 1,136 | 0.01 | 685 | 65.84 |
39 | Plastics and articles thereof | 182,374 | 1.15 | 152,692 | 19.44 |
40 | Rubber and articles thereof | 527,601 | 3.32 | 202,487 | 160.56 |
42 | Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) | 120 | 0.00 | 0 | ∞ |
44 | Wood and articles of wood; wood charcoal | 2,828,059 | 17.77 | 1,751,681 | 61.45 |
48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 5 | 0.00 | 0 | ∞ |
49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 3,180 | 0.02 | 0 | ∞ |
56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 180,348 | 1.13 | 138,816 | 29.92 |
58 | Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery | 6,021 | 0.04 | 1,601 | 276.08 |
61 | Articles of apparel and clothing accessories, knitted or crocheted | 48 | 0.00 | 210 | -77.14 |
62 | Articles of apparel and clothing accessories, not knitted or crocheted | 276,816 | 1.74 | 259,856 | 6.53 |
63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 10 | 0.00 | 0 | ∞ |
64 | Footwear, gaiters and the like; parts of such articles | 256 | 0.00 | 81 | 216.05 |
65 | Headgear and parts thereof | 26 | 0.00 | 0 | ∞ |
68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 252,595 | 1.59 | 94,266 | 167.96 |
70 | Glass and glassware | 0 | 0.00 | 26,783 | -100.00 |
72 | Iron and steel | 977,690 | 6.14 | 339,403 | 188.06 |
73 | Articles of iron or steel | 315,149 | 1.98 | 430,086 | -26.72 |
76 | Aluminum and articles thereof | 115 | 0.00 | 1,135 | -89.87 |
83 | Miscellaneous articles of base metal | 22,893 | 0.14 | 7,087 | 223.03 |
84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 676 | 0.00 | 34,280 | -98.03 |
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 | 3,671,566 | 23.07 | 3,255,583 | 12.78 |
87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 1,820 | 0.01 | 6,641 | -72.59 |
90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 3,467 | 0.02 | 5 | 69,240.00 |
92 | Musical instruments; parts and accessories of such articles | 1,640 | 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 | 82,820 | 0.52 | 8,120 | 919.95 |
95 | Toys, games and sports requisites; parts and accessories thereof | 17,699 | 0.11 | 0 | ∞ |
97 | Works of art, collectors’ pieces and antiques | 0 | 0.00 | 3,462 | -100.00 |
SS | Classified | 200 | 0.00 | 0 | ∞ |
Russia’s Imports from Iceland
The major share of Russian imports from Iceland in 2018 (and in 2017) was accounted for the following product types:
- Food products and agricultural raw materials (HS codes 01-24) - 51.14% of Russia’s total imports from Iceland (31.33% in 2017);
- Machinery, equipment and vehicles (HS codes 84-90) - 27.14% of Russia’s total imports from Iceland (43.94% in 2017);
- Metals and products from them (HS codes 72-83) - 16.38% of Russia’s total imports from Iceland (3.26% in 2017);
- Chemical products (HS codes 28-40) - 4.44% of Russia’s total imports from Iceland (20.78% in 2017).
The largest gains in Russia’s imports from Iceland in 2018 over 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 $6,764,022;
- Articles of iron or steel (HS code 73) - an increase of $2,715,337;
- Iron and steel (HS code 72) - an increase of $1,350,606;
- Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - an increase of $700,783;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $673,023;
- Plastics and articles thereof (HS code 39) - an increase of $286,539;
- 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 $169,163;
- Beverages, spirits and vinegar (HS code 22) - an increase of $167,876;
- Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - an increase of $100,951.
The largest declines in Russia’s imports from Iceland in 2018 over 2017 were recorded for the following product groups:
- Pharmaceutical products (HS code 30) - a decrease of $3,839,005;
- Ships, boats and floating structures (HS code 89) - a decrease of $2,063,045;
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $1,057,021.
HS code |
Name of product group | Value of imports in 2018, US dollars ($) |
Percent share in total import | Value of imports in 2017, US dollars ($) |
Percent change in 2018 over 2017 |
---|---|---|---|---|---|
02 | Meat and edible meat offal | 874,112 | 2.97 | 792,244 | 10.33 |
06 | Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage | 0 | 0.00 | 651 | -100.00 |
15 | Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes | 2,163,297 | 7.35 | 1,462,514 | 47.92 |
16 | Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates | 11,443,052 | 38.90 | 4,679,030 | 144.56 |
17 | Sugars and sugar confectionery | 133,893 | 0.46 | 121,355 | 10.33 |
22 | Beverages, spirits and vinegar | 429,596 | 1.46 | 261,720 | 64.14 |
28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 0 | 0.00 | 15,713 | -100.00 |
29 | Organic chemicals | 316 | 0.00 | 514 | -38.52 |
30 | Pharmaceutical products | 585,654 | 1.99 | 4,424,659 | -86.76 |
33 | Essential oils and resinoids; perfumery, cosmetic or toilet preparations | 1,935 | 0.01 | 415 | 366.27 |
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 | 0.11 | 14,956 | 110.72 |
35 | Albuminoidal substances; modified starches; glues; enzymes | 0 | 0.00 | 25,040 | -100.00 |
38 | Miscellaneous chemical products | 52,728 | 0.18 | 21,757 | 142.35 |
39 | Plastics and articles thereof | 632,780 | 2.15 | 346,241 | 82.76 |
40 | Rubber and articles thereof | 741 | 0.00 | 2,977 | -75.11 |
48 | Paper and paperboard; articles of paper pulp, of paper or of paperboard | 0 | 0.00 | 1,288 | -100.00 |
49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 0 | 0.00 | 1,558 | -100.00 |
51 | Wool, fine or coarse animal hair; horsehair yarn and woven fabric | 19,153 | 0.07 | 3,384 | 465.99 |
56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 122,757 | 0.42 | 21,806 | 462.95 |
58 | Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery | 0 | 0.00 | 524 | -100.00 |
60 | Knitted or crocheted fabrics | 17,275 | 0.06 | 34,200 | -49.49 |
61 | Articles of apparel and clothing accessories, knitted or crocheted | 23,114 | 0.08 | 25,860 | -10.62 |
63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 203 | 0.00 | 0 | ∞ |
68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 410 | 0.00 | 0 | ∞ |
72 | Iron and steel | 1,746,067 | 5.94 | 395,461 | 341.53 |
73 | Articles of iron or steel | 3,011,463 | 10.24 | 296,126 | 916.95 |
74 | Copper and articles thereof | 2,959 | 0.01 | 4,252 | -30.41 |
76 | Aluminum and articles thereof | 51,244 | 0.17 | 56,496 | -9.30 |
82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 3,907 | 0.01 | 10,015 | -60.99 |
83 | Miscellaneous articles of base metal | 2,874 | 0.01 | 62 | 4,535.48 |
84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 3,611,189 | 12.28 | 4,668,210 | -22.64 |
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 | 906,959 | 3.08 | 737,796 | 22.93 |
89 | Ships, boats and floating structures | 0 | 0.00 | 2,063,045 | -100.00 |
90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 3,464,946 | 11.78 | 2,791,923 | 24.11 |
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 | 80,419 | 0.27 | 71,599 | 12.32 |
96 | Miscellaneous manufactured articles | 236 | 0.00 | 0 | ∞ |