Russian trade with Iceland in 2020
based on data from the Federal Customs Service of Russia
Russia’s Trade with Iceland
In 2020, Russia’s trade with Iceland was $75,074,784, down 21.18% ($20,171,677) from 2019.
Russia’s exports to Iceland in 2020 totaled $42,850,285, up 5.72% ($2,317,962) from 2019.
Russia’s imports from Iceland in 2020 were $32,224,499, down 41.10% ($22,489,639) from 2019.
Russia’s trade balance with Iceland went from a deficit of $14,181,815 in 2019, to a surplus of $10,625,786 in 2020.
Iceland was Russia’s 127th largest trading partner in 2020 (down from 117th in 2019), accounting for 0.0132% of Russia’s total trade (down from 0.0143% in 2019).
Iceland was Russia’s 124th largest export market in 2020 (just as in 2019), accounting for 0.0127% of Russia’s total exports (up from 0.0096% in 2019).
Iceland was Russia’s 103rd largest supplier in 2020 (down from 94th in 2019), accounting for 0.0139% of Russia’s total imports (down from 0.0224% in 2019).
Russia’s Exports to Iceland
The major share of Russian exports to Iceland in 2020 (and in 2019) was accounted for the following product types:
- Machinery, equipment and vehicles (HS codes 84-90) - 16.84% of Russia’s total exports to Iceland (27.94% in 2019);
- Mineral products (HS codes 25-27) - 6.57% of Russia’s total exports to Iceland (13.96% in 2019);
- Wood and wood products (HS codes 44-49) - 2.80% of Russia’s total exports to Iceland (3.98% in 2019);
- Chemical products (HS codes 28-40) - 1.13% of Russia’s total exports to Iceland (2.24% in 2019).
The largest gains in Russia’s exports to Iceland in 2020 over 2019 were recorded for the following product groups:
- Ores, slag and ash (HS code 26) - an increase of $410,087;
- Iron and steel (HS code 72) - an increase of $388,182;
- Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - an increase of $176,245;
- Plastics and articles thereof (HS code 39) - an increase of $131,934.
The largest declines in Russia’s exports to Iceland in 2020 over 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 $4,173,890;
- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $3,250,762;
- Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $413,216;
- Fertilizers (HS code 31) - a decrease of $340,113;
- Rubber and articles thereof (HS code 40) - a decrease of $236,849;
- Articles of iron or steel (HS code 73) - a decrease of $196,050;
- Articles of apparel and clothing accessories, not knitted or crocheted (HS code 62) - a decrease of $177,039.
HS code |
Name of product group | Value of exports in 2020, US dollars ($) |
Percent share in total export | Value of exports in 2019, US dollars ($) |
Percent change in 2020 over 2019 |
---|---|---|---|---|---|
03 | Fish and crustaceans, molluscs and other aquatic invertebrates | 0 | 0.00 | 87,506 | -100.00 |
22 | Beverages, spirits and vinegar | 13,577 | 0.03 | 11,047 | 22.90 |
24 | Tobacco and manufactured tobacco substitutes | 97,437 | 0.23 | 112,200 | -13.16 |
26 | Ores, slag and ash | 1,270,446 | 2.96 | 860,359 | 47.66 |
27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 1,546,195 | 3.61 | 4,796,957 | -67.77 |
28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 21,240 | 0.05 | 0 | ∞ |
31 | Fertilizers | 0 | 0.00 | 340,113 | -100.00 |
32 | Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics | 1,374 | 0.00 | 2,731 | -49.69 |
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 | 345 | 0.00 | 1,119 | -69.17 |
38 | Miscellaneous chemical products | 289 | 0.00 | 1,289 | -77.58 |
39 | Plastics and articles thereof | 234,112 | 0.55 | 102,178 | 129.12 |
40 | Rubber and articles thereof | 225,270 | 0.53 | 462,119 | -51.25 |
42 | Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) | 189 | 0.00 | 261 | -27.59 |
44 | Wood and articles of wood; wood charcoal | 1,200,123 | 2.80 | 1,613,339 | -25.61 |
56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 332,081 | 0.77 | 155,836 | 113.10 |
58 | Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery | 0 | 0.00 | 2,268 | -100.00 |
59 | Impregnated, coated, covered or laminated textile fabrics; textile articles of a kind suitable for industrial use | 0 | 0.00 | 494 | -100.00 |
61 | Articles of apparel and clothing accessories, knitted or crocheted | 877 | 0.00 | 0 | ∞ |
62 | Articles of apparel and clothing accessories, not knitted or crocheted | 2,464 | 0.01 | 179,503 | -98.63 |
63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 12 | 0.00 | 189 | -93.65 |
64 | Footwear, gaiters and the like; parts of such articles | 13,160 | 0.03 | 0 | ∞ |
65 | Headgear and parts thereof | 2,137 | 0.00 | 3,303 | -35.30 |
68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 212,810 | 0.50 | 243,552 | -12.62 |
69 | Ceramic products | 34,344 | 0.08 | 0 | ∞ |
72 | Iron and steel | 403,344 | 0.94 | 15,162 | 2,560.23 |
73 | Articles of iron or steel | 10,324 | 0.02 | 206,374 | -95.00 |
74 | Copper and articles thereof | 18 | 0.00 | 0 | ∞ |
76 | Aluminum and articles thereof | 0 | 0.00 | 1,341 | -100.00 |
78 | Lead and articles thereof | 1 | 0.00 | 0 | ∞ |
82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 165 | 0.00 | 0 | ∞ |
83 | Miscellaneous articles of base metal | 717 | 0.00 | 9,244 | -92.24 |
84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 71,079 | 0.17 | 28,339 | 150.82 |
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 | 7,110,020 | 16.59 | 11,283,910 | -36.99 |
86 | Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds | 0 | 0.00 | 6,852 | -100.00 |
87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 11,053 | 0.03 | 4,738 | 133.28 |
90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 23,850 | 0.06 | 0 | ∞ |
92 | Musical instruments; parts and accessories of such articles | 4,763 | 0.01 | 0 | ∞ |
95 | Toys, games and sports requisites; parts and accessories thereof | 6,469 | 0.02 | 0 | ∞ |
SS | Classified | 30,000,000 | 70.01 | 20 000 000 | 50.00 |
Russia’s Imports from Iceland
The major share of Russian imports from Iceland in 2020 (and in 2019) was accounted for the following product types:
- Machinery, equipment and vehicles (HS codes 84-90) - 60.08% of Russia’s total imports from Iceland (66.23% in 2019);
- Food products and agricultural raw materials (HS codes 01-24) - 19.10% of Russia’s total imports from Iceland (21.18% in 2019);
- Metals and products from them (HS codes 72-83) - 12.52% of Russia’s total imports from Iceland (8.57% in 2019);
- Chemical products (HS codes 28-40) - 6.14% of Russia’s total imports from Iceland (2.82% in 2019);
- Textiles, textile products and footwear (HS codes 50-67) - 1.41% of Russia’s total imports from Iceland (0.99% in 2019).
The largest gains in Russia’s imports from Iceland in 2020 over 2019 were recorded for the following product groups:
- Iron and steel (HS code 72) - an increase of $2,542,037;
- 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 $857,313;
- Miscellaneous edible preparations (HS code 21) - an increase of $637,958;
- Plastics and articles thereof (HS code 39) - an increase of $495,447;
- Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - an increase of $277,651;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $273,457;
- Beverages, spirits and vinegar (HS code 22) - an increase of $243,460;
- 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 $127,774.
The largest declines in Russia’s imports from Iceland in 2020 over 2019 were recorded for the following product groups:
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $18,011,660;
- Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - a decrease of $6,152,044;
- Articles of iron or steel (HS code 73) - a decrease of $2,888,984;
- Meat and edible meat offal (HS code 02) - a decrease of $318,347;
- Aluminum and articles thereof (HS code 76) - a decrease of $297,774;
- Sugars and sugar confectionery (HS code 17) - a decrease of $122,119.
HS code |
Name of product group | Value of imports in 2020, US dollars ($) |
Percent share in total import | Value of imports in 2019, US dollars ($) |
Percent change in 2020 over 2019 |
---|---|---|---|---|---|
02 | Meat and edible meat offal | 342,302 | 1.06 | 660,649 | -48.19 |
05 | Products of animal origin, not elsewhere specified or included | 2,910 | 0.01 | 4,763 | -38.90 |
06 | Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage | 282 | 0.00 | 0 | ∞ |
15 | Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes | 1,913,079 | 5.94 | 1,635,428 | 16.98 |
16 | Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates | 2,342,184 | 7.27 | 8,494,228 | -72.43 |
17 | Sugars and sugar confectionery | 0 | 0.00 | 122,119 | -100.00 |
18 | Cocoa and cocoa preparations | 4 | 0.00 | 0 | ∞ |
21 | Miscellaneous edible preparations | 700,069 | 2.17 | 62,111 | 1,027.13 |
22 | Beverages, spirits and vinegar | 852,994 | 2.65 | 609,534 | 39.94 |
28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 323 | 0.00 | 821 | -60.66 |
29 | Organic chemicals | 919 | 0.00 | 355 | 158.87 |
33 | Essential oils and resinoids; perfumery, cosmetic or toilet preparations | 0 | 0.00 | 29,838 | -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 | 8,224 | -100.00 |
38 | Miscellaneous chemical products | 462 | 0.00 | 0 | ∞ |
39 | Plastics and articles thereof | 1,964,802 | 6.10 | 1,469,355 | 33.72 |
40 | Rubber and articles thereof | 10,696 | 0.03 | 31,676 | -66.23 |
42 | Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) | 5,737 | 0.02 | 6,484 | -11.52 |
44 | Wood and articles of wood; wood charcoal | 0 | 0.00 | 6,162 | -100.00 |
49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 43 | 0.00 | 214 | -79.91 |
51 | Wool, fine or coarse animal hair; horsehair yarn and woven fabric | 0 | 0.00 | 8,882 | -100.00 |
56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 439,420 | 1.36 | 461,622 | -4.81 |
60 | Knitted or crocheted fabrics | 0 | 0.00 | 57,492 | -100.00 |
61 | Articles of apparel and clothing accessories, knitted or crocheted | 14,364 | 0.04 | 15,541 | -7.57 |
63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 0 | 0.00 | 106 | -100.00 |
68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 474 | 0.00 | 511 | -7.24 |
70 | Glass and glassware | 760 | 0.00 | 370 | 105.41 |
71 | Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin | 2,126 | 0.01 | 0 | ∞ |
72 | Iron and steel | 3,251,700 | 10.09 | 709,663 | 358.20 |
73 | Articles of iron or steel | 743,124 | 2.31 | 3,632,108 | -79.54 |
74 | Copper and articles thereof | 3,748 | 0.01 | 288 | 1,201.39 |
76 | Aluminum and articles thereof | 16,876 | 0.05 | 314,650 | -94.64 |
82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 18,843 | 0.06 | 31,291 | -39.78 |
83 | Miscellaneous articles of base metal | 71 | 0.00 | 2,679 | -97.35 |
84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 14,006,268 | 43.46 | 32,017,928 | -56.25 |
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 | 1,916,237 | 5.95 | 1,058,924 | 80.96 |
86 | Railway or tramway locomotives, rolling-stock and parts thereof; railway or tramway track fixtures and fittings and parts thereof; mechanical (including electro-mechanical) traffic signalling equipment of all kinds | 9,870 | 0.03 | 0 | ∞ |
87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 12,818 | 0.04 | 33,270 | -61.47 |
89 | Ships, boats and floating structures | 12,247 | 0.04 | 0 | ∞ |
90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 3,401,630 | 10.56 | 3,128,173 | 8.74 |
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 | 226,163 | 0.70 | 98,389 | 129.87 |
95 | Toys, games and sports requisites; parts and accessories thereof | 4 | 0.00 | 0 | ∞ |
96 | Miscellaneous manufactured articles | 10,950 | 0.03 | 290 | 3,675.86 |