Russian trade with Iceland in 2021
based on data from the Federal Customs Service of Russia
Russia’s Trade with Iceland
In 2021, Russia’s trade with Iceland was $41,083,298, down 45.28% ($33,991,486) from 2020.
Russia’s exports to Iceland in 2021 were $21,630,679, down 49.52% ($21,219,606) from 2020.
Russia’s imports from Iceland in 2021 were $19,452,619, down 39.63% ($12,771,880) from 2020.
Russia’s trade surplus with Iceland in 2021 was $2,178,060, a 79.50% decrease ($8,447,726) over 2020.
Iceland was Russia’s 143rd largest trading partner in 2021 (down from 127th in 2020), accounting for 0.0052% of Russia’s total trade (down from 0.0132% in 2020).
Iceland was Russia’s 141st largest export market in 2021 (down from 124th in 2020), accounting for 0.0044% of Russia’s total exports (down from 0.0127% in 2020).
Iceland was Russia’s 114th largest supplier in 2021 (down from 103rd in 2020), accounting for 0.0066% of Russia’s total imports (down from 0.0139% in 2020).
Russia’s Exports to Iceland
The major share of Russian exports to Iceland in 2021 (and in 2020) was accounted for the following product types:
- Machinery, equipment and vehicles (HS codes 84-90) - 45.73% of Russia’s total exports to Iceland (16.84% in 2020);
- Mineral products (HS codes 25-27) - 23.52% of Russia’s total exports to Iceland (6.57% in 2020);
- Chemical products (HS codes 28-40) - 10.15% of Russia’s total exports to Iceland (1.13% in 2020);
- Metals and products from them (HS codes 72-83) - 7.80% of Russia’s total exports to Iceland (0.97% in 2020);
- Wood and wood products (HS codes 44-49) - 5.96% of Russia’s total exports to Iceland (2.80% in 2020);
- Textiles, textile products and footwear (HS codes 50-67) - 3.82% of Russia’s total exports to Iceland (0.82% in 2020).
The largest gains in Russia’s exports to Iceland in 2021 over 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 $1,740,576;
- Fertilizers (HS code 31) - an increase of $1,731,062;
- Ores, slag and ash (HS code 26) - an increase of $1,586,657;
- Iron and steel (HS code 72) - an increase of $1,277,367;
- Vehicles other than railway or tramway rolling stock, and parts and accessories thereof (HS code 87) - an increase of $762,135;
- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $683,978;
- Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - an increase of $454,910;
- Ceramic products (HS code 69) - an increase of $249,140;
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $193,210;
- Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - an increase of $123,185;
- Wood and articles of wood; wood charcoal (HS code 44) - an increase of $88,786.
The largest declines in Russia’s exports to Iceland in 2021 over 2020 were recorded for the following product groups:
- Tobacco and manufactured tobacco substitutes (HS code 24) - a decrease of $97,437.
HS code |
Name of product group | Value of exports in 2021, US dollars ($) |
Percent share in total export | Value of exports in 2020, US dollars ($) |
Percent change in 2021 over 2020 |
---|---|---|---|---|---|
12 | Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruits; industrial or medicinal plants; straw and fodder | 341 | 0.00 | 0 | ∞ |
22 | Beverages, spirits and vinegar | 22,092 | 0.10 | 13,577 | 62.72 |
24 | Tobacco and manufactured tobacco substitutes | 0 | 0.00 | 97,437 | -100.00 |
26 | Ores, slag and ash | 2,857,103 | 13.21 | 1,270,446 | 124.89 |
27 | Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes | 2,230,173 | 10.31 | 1,546,195 | 44.24 |
28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 8,520 | 0.04 | 21,240 | -59.89 |
31 | Fertilizers | 1,731,062 | 8.00 | 0 | ∞ |
32 | Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics | 10,505 | 0.05 | 1,374 | 664.56 |
33 | Essential oils and resinoids; perfumery, cosmetic or toilet preparations | 16 | 0.00 | 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 | 345 | -100.00 |
38 | Miscellaneous chemical products | 0 | 0.00 | 289 | -100.00 |
39 | Plastics and articles thereof | 242,144 | 1.12 | 234,112 | 3.43 |
40 | Rubber and articles thereof | 203,151 | 0.94 | 225,270 | -9.82 |
42 | Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) | 95 | 0.00 | 189 | -49.74 |
44 | Wood and articles of wood; wood charcoal | 1,288,909 | 5.96 | 1,200,123 | 7.40 |
49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 5 | 0.00 | 0 | ∞ |
56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 786,991 | 3.64 | 332,081 | 136.99 |
58 | Special woven fabrics; tufted textile fabrics; lace, tapestries; trimmings; embroidery | 8 | 0.00 | 0 | ∞ |
61 | Articles of apparel and clothing accessories, knitted or crocheted | 0 | 0.00 | 877 | -100.00 |
62 | Articles of apparel and clothing accessories, not knitted or crocheted | 140 | 0.00 | 2,464 | -94.32 |
63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 2,133 | 0.01 | 12 | 17,675.00 |
64 | Footwear, gaiters and the like; parts of such articles | 36,475 | 0.17 | 13,160 | 177.17 |
65 | Headgear and parts thereof | 119 | 0.00 | 2,137 | -94.43 |
68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 335,995 | 1.55 | 212,810 | 57.88 |
69 | Ceramic products | 283,484 | 1.31 | 34,344 | 725.43 |
70 | Glass and glassware | 52 | 0.00 | 0 | ∞ |
71 | Natural or cultured pearls, precious or semi-precious stones,precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin | 58 | 0.00 | 0 | ∞ |
72 | Iron and steel | 1,680,711 | 7.77 | 403,344 | 316.69 |
73 | Articles of iron or steel | 2,020 | 0.01 | 10,324 | -80.43 |
74 | Copper and articles thereof | 0 | 0.00 | 18 | -100.00 |
76 | Aluminum and articles thereof | 731 | 0.00 | 0 | ∞ |
78 | Lead and articles thereof | 0 | 0.00 | 1 | -100.00 |
82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 0 | 0.00 | 165 | -100.00 |
83 | Miscellaneous articles of base metal | 3,767 | 0.02 | 717 | 425.38 |
84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 264,289 | 1.22 | 71,079 | 271.82 |
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 | 8,850,596 | 40.92 | 7,110,020 | 24.48 |
87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 773,188 | 3.57 | 11,053 | 6,895.28 |
89 | Ships, boats and floating structures | 1,741 | 0.01 | 0 | ∞ |
90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 2,089 | 0.01 | 23,850 | -91.24 |
92 | Musical instruments; parts and accessories of such articles | 0 | 0.00 | 4,763 | -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 | 11,965 | 0.06 | 0 | ∞ |
95 | Toys, games and sports requisites; parts and accessories thereof | 0 | 0.00 | 6,469 | -100.00 |
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 2021 (and in 2020) was accounted for the following product types:
- Machinery, equipment and vehicles (HS codes 84-90) - 55.39% of Russia’s total imports from Iceland (60.08% in 2020);
- Food products and agricultural raw materials (HS codes 01-24) - 34.66% of Russia’s total imports from Iceland (19.10% in 2020);
- Metals and products from them (HS codes 72-83) - 5.43% of Russia’s total imports from Iceland (12.52% in 2020);
- Chemical products (HS codes 28-40) - 2.62% of Russia’s total imports from Iceland (6.14% in 2020);
- Textiles, textile products and footwear (HS codes 50-67) - 1.65% of Russia’s total imports from Iceland (1.41% in 2020).
The largest gains in Russia’s imports from Iceland in 2021 over 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 $2,113,452;
- Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $964,364;
- Animal or vegetable fats and oils and their cleavage products prepared edible fats; animal or vegetable waxes (HS code 15) - an increase of $428,712;
- Beverages, spirits and vinegar (HS code 22) - an increase of $415,865;
- Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics (HS code 32) - an increase of $90,264;
- Sugars and sugar confectionery (HS code 17) - an increase of $84,083;
- Meat and edible meat offal (HS code 02) - an increase of $61,982.
The largest declines in Russia’s imports from Iceland in 2021 over 2020 were recorded for the following product groups:
- Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - a decrease of $11,645,260;
- Iron and steel (HS code 72) - a decrease of $2,450,798;
- Plastics and articles thereof (HS code 39) - a decrease of $1,596,201;
- Articles of iron or steel (HS code 73) - a decrease of $542,774;
- Miscellaneous edible preparations (HS code 21) - a decrease of $442,182;
- Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof (HS code 56) - a decrease of $201,189;
- 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 $196,604.
HS code |
Name of product group | Value of imports in 2021, US dollars ($) |
Percent share in total import | Value of imports in 2020, US dollars ($) |
Percent change in 2021 over 2020 |
---|---|---|---|---|---|
02 | Meat and edible meat offal | 404,284 | 2.08 | 342,302 | 18.11 |
05 | Products of animal origin, not elsewhere specified or included | 9,440 | 0.05 | 2,910 | 224.40 |
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 | 2,341,791 | 12.04 | 1,913,079 | 22.41 |
16 | Preparations of meat, of fish or of crustaceans, molluscs or other aquatic invertebrates | 2,376,086 | 12.21 | 2,342,184 | 1.45 |
17 | Sugars and sugar confectionery | 84,083 | 0.43 | 0 | ∞ |
18 | Cocoa and cocoa preparations | 0 | 0.00 | 4 | -100.00 |
21 | Miscellaneous edible preparations | 257,887 | 1.33 | 700,069 | -63.16 |
22 | Beverages, spirits and vinegar | 1,268,859 | 6.52 | 852,994 | 48.75 |
28 | Inorganic chemicals; organic or inorganic compounds of precious metals, of rare-earth metals,of radioactive elements or of isotopes | 0 | 0.00 | 323 | -100.00 |
29 | Organic chemicals | 4,624 | 0.02 | 919 | 403.16 |
32 | Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics | 90,264 | 0.46 | 0 | ∞ |
33 | Essential oils and resinoids; perfumery, cosmetic or toilet preparations | 11,151 | 0.06 | 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 | 4,075 | 0.02 | 0 | ∞ |
38 | Miscellaneous chemical products | 10,432 | 0.05 | 462 | 2,158.01 |
39 | Plastics and articles thereof | 368,601 | 1.89 | 1,964,802 | -81.24 |
40 | Rubber and articles thereof | 20,149 | 0.10 | 10,696 | 88.38 |
42 | Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silkworm gut) | 6,020 | 0.03 | 5,737 | 4.93 |
49 | Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans | 6,431 | 0.03 | 43 | 14,855.81 |
51 | Wool, fine or coarse animal hair; horsehair yarn and woven fabric | 53,298 | 0.27 | 0 | ∞ |
56 | Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof | 238,231 | 1.22 | 439,420 | -45.79 |
61 | Articles of apparel and clothing accessories, knitted or crocheted | 26,458 | 0.14 | 14,364 | 84.20 |
63 | Other made up textile articles; sets; worn clothing and worn textile articles; rags | 2,548 | 0.01 | 0 | ∞ |
68 | Articles of stone, plaster, cement, asbestos, mica or similar materials | 126 | 0.00 | 474 | -73.42 |
70 | Glass and glassware | 580 | 0.00 | 760 | -23.68 |
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 | 0.02 | 2,126 | 86.69 |
72 | Iron and steel | 800,902 | 4.12 | 3,251,700 | -75.37 |
73 | Articles of iron or steel | 200,350 | 1.03 | 743,124 | -73.04 |
74 | Copper and articles thereof | 2,427 | 0.01 | 3,748 | -35.25 |
76 | Aluminum and articles thereof | 22,312 | 0.11 | 16,876 | 32.21 |
82 | Tools, implements, cutlery, spoons and forks, of base metal; parts thereof of base metal | 29,979 | 0.15 | 18,843 | 59.10 |
83 | Miscellaneous articles of base metal | 1,261 | 0.01 | 71 | 1,676.06 |
84 | Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof | 2,361,008 | 12.14 | 14,006,268 | -83.14 |
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 | 4,029,689 | 20.72 | 1,916,237 | 110.29 |
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 | 9,870 | -100.00 |
87 | Vehicles other than railway or tramway rolling stock, and parts and accessories thereof | 79 | 0.00 | 12,818 | -99.38 |
89 | Ships, boats and floating structures | 17,867 | 0.09 | 12,247 | 45.89 |
90 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof | 4,365,994 | 22.44 | 3,401,630 | 28.35 |
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 | 29,559 | 0.15 | 226,163 | -86.93 |
95 | Toys, games and sports requisites; parts and accessories thereof | 0 | 0.00 | 4 | -100.00 |
96 | Miscellaneous manufactured articles | 1,805 | 0.01 | 10,950 | -83.52 |