Russian trade in goods with Iceland in Q4 2020
February 14, 2021
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 2020: exports, imports, products, dynamics.
Russia’s Trade with Iceland
In the 4th quarter of 2020, Russia’s trade with Iceland was $10,651,682, down 76.47% ($34,610,548) from the 4th quarter of 2019.
Russia’s exports to Iceland in the 4th quarter of 2020 were $3,094,815, down 87.77% ($22,208,275) from the 4th quarter of 2019.
Russia’s imports from Iceland in the 4th quarter of 2020 were $7,556,867, down 62.14% ($12,402,273) from the 4th quarter of 2019.
Russia’s trade balance with Iceland went from a surplus of $5,343,950 in the 4th quarter of 2019, to a deficit of $4,462,052 in the 4th quarter of 2020.
Iceland was Russia’s 135th largest trading partner in the 4th quarter of 2020 (down from 105th in the 4th quarter of 2019), accounting for 0.0066% of Russia’s total trade (down from 0.0252% in the 4th quarter of 2019).
Iceland was Russia’s 140th largest export market in the 4th quarter of 2020 (down from 98th in the 4th quarter of 2019), accounting for 0.0033% of Russia’s total exports (down from 0.0226% in the 4th quarter of 2019).
Iceland was Russia’s 106th largest supplier in the 4th quarter of 2020 (down from 90th in the 4th quarter of 2019), accounting for 0.0112% of Russia’s total imports (down from 0.0293% in the 4th quarter of 2019).
Russia’s Exports to Iceland
The major share of Russian exports to Iceland in the 4th quarter of 2020 (and in the 4th quarter of 2019) was accounted for the following product types:
- Machinery, equipment and vehicles (HS codes 84-90) - 54.11% of Russia’s total exports to Iceland (14.03% in the 4th quarter of 2019);
- Mineral products (HS codes 25-27) - 23.69% of Russia’s total exports to Iceland (4.37% in the 4th quarter of 2019);
- Wood and wood products (HS codes 44-49) - 15.82% of Russia’s total exports to Iceland (1.54% in the 4th quarter of 2019);
- Chemical products (HS codes 28-40) - 3.16% of Russia’s total exports to Iceland (0.06% in the 4th quarter of 2019).
The largest gains in Russia’s exports to Iceland in the 4th quarter of 2020 over the 4th quarter of 2019 were recorded for the following product groups:
- Ores, slag and ash (HS code 26) - an increase of $389,838;
- Wood and articles of wood; wood charcoal (HS code 44) - an increase of $99,339;
- Plastics and articles thereof (HS code 39) - an increase of $46,391;
- Ceramic products (HS code 69) - an increase of $34,344;
- Rubber and articles thereof (HS code 40) - an increase of $24,186;
- Footwear, gaiters and the like; parts of such articles (HS code 64) - an increase of $13,160;
- Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes (HS code 28) - an increase of $10,800.
The largest declines in Russia’s exports to Iceland in the 4th quarter of 2020 over the 4th quarter of 2019 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) - a decrease of $1,869,333;
- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $761,917;
- Fish and crustaceans, molluscs and other aquatic invertebrates (HS code 03) - a decrease of $87,506;
- Tobacco and manufactured tobacco substitutes (HS code 24) - a decrease of $57,125;
- Articles of iron or steel (HS code 73) - a decrease of $34,958;
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $14,757;
- Beverages, spirits and vinegar (HS code 22) - a decrease of $11,047.
| HS code |
Name of product group | Value of exports in Q4 2020, US dollars ($) |
Percent share in total export | Value of exports in Q4 2019, US dollars ($) |
Percent change in Q4 2020 over Q4 2019 |
|---|---|---|---|---|---|
| 03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 0 | 0.00 | 87,506 | -100.00 |
| 22 | Beverages, spirits and vinegar | 0 | 0.00 | 11,047 | -100.00 |
| 24 | Tobacco and manufactured tobacco substitutes | 13,496 | 0.44 | 70,621 | -80.89 |
| 26 | Ores, slag and ash | 389,838 | 12.60 | 0 | ∞ |
| 27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 343,247 | 11.09 | 1,105,164 | -68.94 |
| 28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 10,800 | 0.35 | 0 | ∞ |
| 32 | Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics | 682 | 0.02 | 0 | ∞ |
| 39 | Plastics and articles thereof | 62,178 | 2.01 | 15,787 | 293.86 |
| 40 | Rubber and articles thereof | 24,186 | 0.78 | 0 | ∞ |
| 42 | Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) | 111 | 0.00 | 0 | ∞ |
| 44 | Wood and articles of wood; wood charcoal | 489,651 | 15.82 | 390,312 | 25.45 |
| 56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 7,052 | 0.23 | 0 | ∞ |
| 63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 0 | 0.00 | 157 | -100.00 |
| 64 | Footwear, gaiters and the like; parts of such articles | 13,160 | 0.43 | 0 | ∞ |
| 68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 28,366 | 0.92 | 27,205 | 4.27 |
| 69 | Ceramic products | 34,344 | 1.11 | 0 | ∞ |
| 73 | Articles of iron or steel | 500 | 0.02 | 35,458 | -98.59 |
| 83 | Miscellaneous articles of base metal | 0 | 0.00 | 8,965 | -100.00 |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 0 | 0.00 | 14,757 | -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 | 1,666,778 | 53.86 | 3,536,111 | -52.86 |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 7,265 | 0.23 | 0 | ∞ |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 665 | 0.02 | 0 | ∞ |
| 92 | Musical instruments; parts and accessories of such articles | 2,496 | 0.08 | 0 | ∞ |
| SS | Classified | 0 | 0.00 | 20 000 000 | -100.00 |
Russia’s Imports from Iceland
The major share of Russian imports from Iceland in the 4th quarter of 2020 (and in the 4th quarter of 2019) was accounted for the following product types:
- Machinery, equipment and vehicles (HS codes 84-90) - 53.02% of Russia’s total imports from Iceland (77.63% in the 4th quarter of 2019);
- Food products and agricultural raw materials (HS codes 01-24) - 28.57% of Russia’s total imports from Iceland (9.22% in the 4th quarter of 2019);
- Chemical products (HS codes 28-40) - 14.70% of Russia’s total imports from Iceland (0.58% in the 4th quarter of 2019);
- Metals and products from them (HS codes 72-83) - 2.94% of Russia’s total imports from Iceland (11.17% in the 4th quarter of 2019);
- Textiles, textile products and footwear (HS codes 50-67) - 0.74% of Russia’s total imports from Iceland (1.36% in the 4th quarter of 2019).
The largest gains in Russia’s imports from Iceland in the 4th quarter of 2020 over the 4th quarter of 2019 were recorded for the following product groups:
- Plastics and articles thereof (HS code 39) - an increase of $1,003,413;
- Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - an increase of $387,265;
- Miscellaneous edible preparations (HS code 21) - an increase of $381,538;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $251,815;
- Iron and steel (HS code 72) - an increase of $195,164.
The largest declines in Russia’s imports from Iceland in the 4th quarter of 2020 over the 4th quarter of 2019 were recorded for the following product groups:
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $11,447,486;
- Articles of iron or steel (HS code 73) - a decrease of $2,102,855;
- Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - a decrease of $272,465;
- 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 $266,279;
- Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - a decrease of $218,662;
- Meat and edible meat offal (HS code 02) - a decrease of $114,170;
- Aluminum and articles thereof (HS code 76) - a decrease of $79,206;
- Beverages, spirits and vinegar (HS code 22) - a decrease of $66,036;
- Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $32,383.
| HS code |
Name of product group | Value of imports in Q4 2020, US dollars ($) |
Percent share in total import | Value of imports in Q4 2019, US dollars ($) |
Percent change in Q4 2020 over Q4 2019 |
|---|---|---|---|---|---|
| 02 | Meat and edible meat offal | 0 | 0.00 | 114,170 | -100.00 |
| 05 | Products of animal origin, not elsewhere specified or included | 2,910 | 0.04 | 0 | ∞ |
| 15 | Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes | 791,132 | 10.47 | 403,867 | 95.89 |
| 16 | Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates | 693,983 | 9.18 | 966,448 | -28.19 |
| 21 | Miscellaneous edible preparations | 426,478 | 5.64 | 44,940 | 848.99 |
| 22 | Beverages, spirits and vinegar | 244,288 | 3.23 | 310,324 | -21.28 |
| 29 | Organic chemicals | 283 | 0.00 | 0 | ∞ |
| 33 | Essential oils and resinoids; perfumery, cosmetic or toilet preparations | 0 | 0.00 | 4,953 | -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 | 0 | 0.00 | 4,319 | -100.00 |
| 39 | Plastics and articles thereof | 1,109,117 | 14.68 | 105,704 | 949.27 |
| 40 | Rubber and articles thereof | 1,279 | 0.02 | 885 | 44.52 |
| 42 | Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) | 1,766 | 0.02 | 6,484 | -72.76 |
| 44 | Wood and articles of wood; wood charcoal | 0 | 0.00 | 462 | -100.00 |
| 49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 0 | 0.00 | 11 | -100.00 |
| 56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 52,239 | 0.69 | 270,901 | -80.72 |
| 61 | Articles of apparel and clothing accessories, knitted or crocheted | 3,976 | 0.05 | 1,047 | 279.75 |
| 68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 446 | 0.01 | 60 | 643.33 |
| 72 | Iron and steel | 195,495 | 2.59 | 331 | 58,961.93 |
| 73 | Articles of iron or steel | 23,969 | 0.32 | 2,126,824 | -98.87 |
| 76 | Aluminum and articles thereof | 67 | 0.00 | 79,273 | -99.92 |
| 82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 2,842 | 0.04 | 23,019 | -87.65 |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 2,522,325 | 33.38 | 13,969,811 | -81.94 |
| 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 | 246,550 | 3.26 | 512,829 | -51.92 |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 0 | 0.00 | 32,383 | -100.00 |
| 89 | Ships, boats and floating structures | 5,812 | 0.08 | 0 | ∞ |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 1,231,910 | 16.30 | 980,095 | 25.69 |