Russian trade in goods with Iceland in Q1 2021
May 17, 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 first quarter of 2021: exports, imports, products, dynamics.
Russia’s Trade with Iceland
In the 1st quarter of 2021, Russia’s trade with Iceland was $9,138,613, down 79.18% ($34,760,571) from the 1st quarter of 2020.
Russia’s exports to Iceland in the 1st quarter of 2021 were $5,191,036, down 84.68% ($28,686,589) from the 1st quarter of 2020.
Russia’s imports from Iceland in the 1st quarter of 2021 were $3,947,577, down 60.61% ($6,073,982) from the 1st quarter of 2020.
Russia’s trade surplus with Iceland in the 1st quarter of 2021 was $1,243,459, a 94.79% decrease ($22,612,607) over the 1st quarter of 2020.
Iceland was Russia’s 137th largest trading partner in the 1st quarter of 2021 (down from 97th in the 1st quarter of 2020), accounting for 0.0059% of Russia’s total trade (down from 0.0309% in the 1st quarter of 2020).
Iceland was Russia’s 131st largest export market in the 1st quarter of 2021 (down from 89th in the 1st quarter of 2020), accounting for 0.0056% of Russia’s total exports (down from 0.0381% in the 1st quarter of 2020).
Iceland was Russia’s 109th largest supplier in the 1st quarter of 2021 (down from 95th in the 1st quarter of 2020), accounting for 0.0063% of Russia’s total imports (down from 0.0189% in the 1st quarter of 2020).
Russia’s Exports to Iceland
The major share of Russian exports to Iceland in the 1st quarter of 2021 (and in the 1st quarter of 2020) was accounted for the following product types:
- Chemical products (HS codes 28-40) - 35.10% of Russia’s total exports to Iceland (0.24% in the 1st quarter of 2020);
- Machinery, equipment and vehicles (HS codes 84-90) - 23.86% of Russia’s total exports to Iceland (5.61% in the 1st quarter of 2020);
- Metals and products from them (HS codes 72-83) - 11.80% of Russia’s total exports to Iceland (0.00% in the 1st quarter of 2020);
- Textiles, textile products and footwear (HS codes 50-67) - 10.11% of Russia’s total exports to Iceland (0.00% in the 1st quarter of 2020);
- Mineral products (HS codes 25-27) - 9.59% of Russia’s total exports to Iceland (4.61% in the 1st quarter of 2020);
- Wood and wood products (HS codes 44-49) - 4.64% of Russia’s total exports to Iceland (0.69% in the 1st quarter of 2020).
The largest gains in Russia’s exports to Iceland in the 1st quarter of 2021 over the 1st quarter of 2020 were recorded for the following product groups:
- Fertilizers (HS code 31) - an increase of $1,731,062;
- Iron and steel (HS code 72) - an increase of $611,363;
- Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - an increase of $496,387;
- Ceramic products (HS code 69) - an increase of $108,755;
- Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - an increase of $93,558;
- Plastics and articles thereof (HS code 39) - an increase of $42,466;
- Footwear, gaiters and the like; parts of such articles (HS code 64) - an increase of $28,485.
The largest declines in Russia’s exports to Iceland in the 1st quarter of 2021 over the 1st quarter of 2020 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 $650,727;
- Ores, slag and ash (HS code 26) - a decrease of $598,186;
- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - a decrease of $466,762;
- Tobacco and manufactured tobacco substitutes (HS code 24) - a decrease of $56,749;
- Rubber and articles thereof (HS code 40) - a decrease of $26,903.
| HS code |
Name of product group | Value of exports in Q1 2021, US dollars ($) |
Percent share in total export | Value of exports in Q1 2020, US dollars ($) |
Percent change in Q1 2021 over Q1 2020 |
|---|---|---|---|---|---|
| 22 | Beverages, spirits and vinegar | 10,865 | 0.21 | 0 | ∞ |
| 24 | Tobacco and manufactured tobacco substitutes | 0 | 0.00 | 56,749 | -100.00 |
| 26 | Ores, slag and ash | 0 | 0.00 | 598,186 | -100.00 |
| 27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 497,839 | 9.59 | 964,601 | -48.39 |
| 28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 0 | 0.00 | 10,440 | -100.00 |
| 31 | Fertilizers | 1,731,062 | 33.35 | 0 | ∞ |
| 32 | Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics | 4,023 | 0.08 | 692 | 481.36 |
| 33 | Essential oils and resinoids; perfumery, cosmetic or toilet preparations | 16 | 0.00 | 0 | ∞ |
| 39 | Plastics and articles thereof | 71,235 | 1.37 | 28,769 | 147.61 |
| 40 | Rubber and articles thereof | 15,558 | 0.30 | 42,461 | -63.36 |
| 42 | Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) | 0 | 0.00 | 78 | -100.00 |
| 44 | Wood and articles of wood; wood charcoal | 241,085 | 4.64 | 234,145 | 2.96 |
| 56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 496,387 | 9.56 | 0 | ∞ |
| 58 | Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery | 8 | 0.00 | 0 | ∞ |
| 64 | Footwear, gaiters and the like; parts of such articles | 28,485 | 0.55 | 0 | ∞ |
| 68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 134,259 | 2.59 | 40,701 | 229.87 |
| 69 | Ceramic products | 108,755 | 2.10 | 0 | ∞ |
| 72 | Iron and steel | 611,363 | 11.78 | 0 | ∞ |
| 73 | Articles of iron or steel | 6 | 0.00 | 0 | ∞ |
| 83 | Miscellaneous articles of base metal | 1,229 | 0.02 | 0 | ∞ |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 12,600 | 0.24 | 25,675 | -50.93 |
| 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 | 1,222,953 | 23.56 | 1,873,680 | -34.73 |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 3,147 | 0.06 | 0 | ∞ |
| 92 | Musical instruments; parts and accessories of such articles | 0 | 0.00 | 1,448 | -100.00 |
| 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 | 150 | 0.00 | 0 | ∞ |
| 96 | Miscellaneous manufactured articles | 11 | 0.00 | 0 | ∞ |
| SS | Classified | 0 | 0.00 | 30 000 000 | -100.00 |
Russia’s Imports from Iceland
The major share of Russian imports from Iceland in the 1st quarter of 2021 (and in the 1st quarter of 2020) was accounted for the following product types:
- Machinery, equipment and vehicles (HS codes 84-90) - 56.02% of Russia’s total imports from Iceland (73.26% in the 1st quarter of 2020);
- Food products and agricultural raw materials (HS codes 01-24) - 39.40% of Russia’s total imports from Iceland (12.72% in the 1st quarter of 2020);
- Metals and products from them (HS codes 72-83) - 1.79% of Russia’s total imports from Iceland (8.14% in the 1st quarter of 2020);
- Textiles, textile products and footwear (HS codes 50-67) - 1.48% of Russia’s total imports from Iceland (2.60% in the 1st quarter of 2020);
- Chemical products (HS codes 28-40) - 1.19% of Russia’s total imports from Iceland (1.02% in the 1st quarter of 2020).
The largest gains in Russia’s imports from Iceland in the 1st quarter of 2021 over the 1st quarter of 2020 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 $958,473;
- Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates (HS code 16) - an increase of $198,165;
- Beverages, spirits and vinegar (HS code 22) - an increase of $82,448;
- Miscellaneous edible preparations (HS code 21) - an increase of $67,906.
The largest declines in Russia’s imports from Iceland in the 1st quarter of 2021 over the 1st quarter of 2020 were recorded for the following product groups:
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $5,941,811;
- Iron and steel (HS code 72) - a decrease of $416,249;
- Articles of iron or steel (HS code 73) - a decrease of $344,027;
- 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) - a decrease of $226,164;
- Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - a decrease of $203,002;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - a decrease of $133,711;
- Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - a decrease of $75,228;
- Plastics and articles thereof (HS code 39) - a decrease of $57,644;
- Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - a decrease of $12,550.
| HS code |
Name of product group | Value of imports in Q1 2021, US dollars ($) |
Percent share in total import | Value of imports in Q1 2020, US dollars ($) |
Percent change in Q1 2021 over Q1 2020 |
|---|---|---|---|---|---|
| 02 | Meat and edible meat offal | 340,369 | 8.62 | 342,302 | -0.56 |
| 05 | Products of animal origin, not elsewhere specified or included | 9,440 | 0.24 | 0 | ∞ |
| 06 | Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage | 0 | 0.00 | 282 | -100.00 |
| 15 | Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes | 327,566 | 8.30 | 402,794 | -18.68 |
| 16 | Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates | 569,204 | 14.42 | 371,039 | 53.41 |
| 21 | Miscellaneous edible preparations | 67,906 | 1.72 | 0 | ∞ |
| 22 | Beverages, spirits and vinegar | 240,897 | 6.10 | 158,449 | 52.03 |
| 29 | Organic chemicals | 66 | 0.00 | 167 | -60.48 |
| 33 | Essential oils and resinoids; perfumery, cosmetic or toilet preparations | 6,827 | 0.17 | 0 | ∞ |
| 38 | Miscellaneous chemical products | 582 | 0.01 | 152 | 282.89 |
| 39 | Plastics and articles thereof | 39,198 | 0.99 | 96,842 | -59.52 |
| 40 | Rubber and articles thereof | 201 | 0.01 | 4,611 | -95.64 |
| 56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 56,529 | 1.43 | 259,531 | -78.22 |
| 61 | Articles of apparel and clothing accessories, knitted or crocheted | 1,775 | 0.04 | 1,216 | 45.97 |
| 68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 126 | 0.00 | 0 | ∞ |
| 70 | Glass and glassware | 580 | 0.01 | 556 | 4.32 |
| 71 | Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin | 3,969 | 0.10 | 0 | ∞ |
| 72 | Iron and steel | 0 | 0.00 | 416,249 | -100.00 |
| 73 | Articles of iron or steel | 49,695 | 1.26 | 393,722 | -87.38 |
| 76 | Aluminum and articles thereof | 9,628 | 0.24 | 3,863 | 149.24 |
| 82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 11,468 | 0.29 | 1,960 | 485.10 |
| 84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 238,231 | 6.03 | 6,180,042 | -96.15 |
| 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 | 1,293,612 | 32.77 | 335,139 | 285.99 |
| 87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 79 | 0.00 | 12,629 | -99.37 |
| 89 | Ships, boats and floating structures | 5,925 | 0.15 | 6,435 | -7.93 |
| 90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 673,704 | 17.07 | 807,415 | -16.56 |
| 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 | 226,164 | -100.00 |